Mplx lp (mplx) trended somewhat negative news coverage, study finds – bangaloreweekly

News headlines about Mplx Lp (NYSE:MPLX) have been trending somewhat negative this week, according to Alpha One Sentiment Analysis. Alpha One, a unit of Accern, identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mplx Lp earned a media sentiment score of -0.02 on Alpha One’s scale. Alpha One also gave news stories about the pipeline company an impact score of 80 out of 100, indicating that recent press coverage is likely to have an effect on the stock’s share price in the near term.

A number of equities research analysts have commented on the company. Zacks Investment Research raised Mplx Lp from a “sell” rating to a “hold” rating in a report on Thursday, May 18th. TheStreet raised Mplx Lp from a “c” rating to a “b-” rating in a report on Friday, April 28th. Jefferies Group LLC reissued a “buy” rating and issued a $44.00 target price on shares of Mplx Lp in a report on Wednesday, April 19th. Citigroup Inc raised their target price on Mplx Lp from $44.00 to $45.00 and gave the company a “buy” rating in a report on Monday, April 3rd. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $47.00 target price on shares of Mplx Lp in a report on Friday, March 17th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $42.10.

Shares of Mplx Lp (NYSE MPLX) traded up 0.67% on Thursday, hitting $33.27. The stock had a trading volume of 1,716,875 shares. The firm has a market cap of $12.47 billion, a P/E ratio of 68.60 and a beta of 1.37. The company’s 50-day moving average price is $35.29 and its 200 day moving average price is $35.48. Mplx Lp has a 12-month low of $30.09 and a 12-month high of $39.43.

Mplx Lp (NYSE:MPLX) last announced its quarterly earnings data on Thursday, April 27th. The pipeline company reported $0.19 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The business had revenue of $886 million during the quarter, compared to analyst estimates of $691.38 million. Mplx Lp had a return on equity of 3.24% and a net margin of 7.22%. The company’s revenue was up 37.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.33) earnings per share. On average, equities research analysts forecast that Mplx Lp will post $0.94 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Monday, May 8th were given a dividend of $0.54 per share. The ex-dividend date was Thursday, May 4th. This is a positive change from Mplx Lp’s previous quarterly dividend of $0.52. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.49%. Mplx Lp’s payout ratio is -3,466.09%.

In other news, VP Randy S. Nickerson sold 15,000 shares of the business’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $36.20, for a total transaction of $543,000.00. Following the sale, the vice president now directly owns 177,552 shares of the company’s stock, valued at $6,427,382.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MPLX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});