Mplx Lp (NYSE:MPLX) Receiving Somewhat Favorable Press Coverage, Study Shows
Media coverage about Mplx Lp (NYSE:MPLX) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mplx Lp earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media headlines about the pipeline company an impact score of 46.3180531034989 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern’s scoring:
- MPLX LP : announces retirement of Executive VP and General Counsel C. Corwin Bromley, appointment of Suzanne Gagle as VP and General Counsel (4-traders.com)
- Sum Up The Pieces: ZMLP Could Be Worth $19 – Nasdaq.com – Nasdaq (nasdaq.com)
- MPLX LP (MPLX) Needle Moving on Volume – Evergreen Caller (evergreencaller.com)
- Neuberger Berman Group LLC Sells A Lot More MPLX LP Common Units Representi (MPLX) Stock Last Quarter – Modern Readers (modernreaders.com)
- Global Dicalcium Phosphate Industry Market Research Report 2017 (reports.pr-inside.com)
Shares of Mplx Lp (MPLX) traded down 2.52% during trading on Thursday, reaching $33.59. The company’s stock had a trading volume of 1,044,853 shares. The stock’s 50 day moving average price is $34.53 and its 200 day moving average price is $35.62. Mplx Lp has a 52 week low of $30.09 and a 52 week high of $39.43. The company has a market cap of $13.05 billion, a PE ratio of 40.13 and a beta of 1.35.
Mplx Lp (NYSE:MPLX) last released its earnings results on Thursday, July 27th. The pipeline company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.10. The firm had revenue of $916 million for the quarter, compared to analysts’ expectations of $884.70 million. Mplx Lp had a return on equity of 6.13% and a net margin of 19.07%. The business’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.11) EPS. Equities research analysts predict that Mplx Lp will post $0.97 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, August 7th will be given a dividend of $0.5625 per share. This is a positive change from Mplx Lp’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, August 3rd. This represents a $2.25 annualized dividend and a dividend yield of 6.70%. Mplx Lp’s payout ratio is 271.09%.
MPLX has been the topic of a number of research reports. Jefferies Group LLC restated a “buy” rating and issued a $44.00 price objective on shares of Mplx Lp in a report on Wednesday, April 19th. TheStreet upgraded Mplx Lp from a “c” rating to a “b-” rating in a report on Friday, April 28th. Zacks Investment Research downgraded Mplx Lp from a “hold” rating to a “sell” rating in a report on Friday, May 12th. BidaskClub upgraded Mplx Lp from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Guggenheim initiated coverage on Mplx Lp in a report on Thursday, July 20th. They issued a “buy” rating and a $40.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Mplx Lp has a consensus rating of “Buy” and an average price target of $42.55.
ILLEGAL ACTIVITY NOTICE: “Mplx Lp (NYSE:MPLX) Receiving Somewhat Favorable Press Coverage, Study Shows” was first reported by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/10/mplx-lp-nysemplx-receiving-somewhat-favorable-press-coverage-study-shows.html.
In related news, CEO Gary R. Heminger purchased 9,000 shares of the stock in a transaction on Monday, June 12th. The shares were purchased at an average price of $33.26 per share, with a total value of $299,340.00. Following the transaction, the chief executive officer now directly owns 167,896 shares of the company’s stock, valued at $5,584,220.96. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Mplx Lp Company Profile
MPLX LP is a master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs), and the gathering, transportation and storage of crude oil and refined petroleum products.
Receive News & Ratings for Mplx Lp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mplx Lp and related companies with MarketBeat.com's FREE daily email newsletter.