Somewhat Positive News Coverage Somewhat Unlikely to Impact Mplx (MPLX) Share Price

Headlines about Mplx (NYSE:MPLX) have trended somewhat positive on Thursday, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mplx earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave media coverage about the pipeline company an impact score of 46.8161355637718 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the headlines that may have impacted Accern’s scoring:

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Mplx from a “buy” rating to a “hold” rating in a research note on Friday, April 6th. Guggenheim upgraded shares of Mplx from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Monday, April 16th. Stifel Nicolaus set a $42.00 price objective on shares of Mplx and gave the company a “buy” rating in a research report on Tuesday, May 1st. Barclays reduced their price objective on shares of Mplx from $39.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 17th. Finally, Mizuho set a $41.00 price objective on shares of Mplx and gave the company a “buy” rating in a research report on Wednesday, April 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. Mplx has a consensus rating of “Buy” and an average price target of $41.00.

Shares of MPLX stock traded down $0.09 during midday trading on Thursday, reaching $35.36. 1,517,492 shares of the company traded hands, compared to its average volume of 1,827,566. Mplx has a 1-year low of $30.88 and a 1-year high of $39.38. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 1.70. The company has a market cap of $28.75 billion, a price-to-earnings ratio of 33.36, a PEG ratio of 2.64 and a beta of 1.27.

Mplx (NYSE:MPLX) last posted its quarterly earnings results on Monday, April 30th. The pipeline company reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.19. Mplx had a net margin of 21.88% and a return on equity of 10.43%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the firm earned $0.19 EPS. The company’s revenue for the quarter was up 60.3% on a year-over-year basis. sell-side analysts forecast that Mplx will post 2.29 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Monday, May 7th were given a dividend of $0.6175 per share. This represents a $2.47 dividend on an annualized basis and a dividend yield of 6.99%. This is an increase from Mplx’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, May 4th. Mplx’s dividend payout ratio (DPR) is presently 233.02%.

About Mplx

MPLX LP owns, operates, develops, and acquires midstream energy infrastructure assets. It operates in two segments, Logistics and Storage, and Gathering and Processing segments. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids (NGLs); and gathering, transportation, and storage of crude oil and refined petroleum products.

Insider Buying and Selling by Quarter for Mplx (NYSE:MPLX)

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