Press coverage about Mplx (NYSE:MPLX) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mplx earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave headlines about the pipeline company an impact score of 46.6383172523087 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Marathon Petroleum Corp. and MPLX LP to present at Credit Suisse Energy Summit (finance.yahoo.com)
- Q1 2018 EPS Estimates for Mplx Lp (MPLX) Boosted by Jefferies Group (americanbankingnews.com)
- MPLX Completed a Transformative Transaction in Q4 (finance.yahoo.com)
- MPLX LP prices $5.5 billion senior notes offering – PR Newswire – PR Newswire (press release) (prnewswire.com)
Several analysts have weighed in on the stock. Jefferies Group cut shares of Mplx from a “buy” rating to a “hold” rating and set a $38.00 price objective on the stock. in a research note on Monday, February 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $43.00 price objective (down from $44.00) on shares of Mplx in a research note on Friday, February 2nd. Citigroup reiterated a “buy” rating and set a $46.00 target price on shares of Mplx in a research report on Friday, February 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $45.00 target price on shares of Mplx in a research report on Thursday, February 1st. Finally, Barclays lowered shares of Mplx from an “overweight” rating to an “equal weight” rating and set a $39.00 target price on the stock. in a research report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. Mplx presently has a consensus rating of “Hold” and a consensus target price of $41.91.
Mplx (NYSE:MPLX) last announced its earnings results on Thursday, February 1st. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.03). Mplx had a return on equity of 6.99% and a net margin of 17.90%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $937.04 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. Mplx’s revenue for the quarter was up 27.9% on a year-over-year basis. research analysts anticipate that Mplx will post 1.89 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Monday, February 5th will be issued a $0.6075 dividend. This is a positive change from Mplx’s previous quarterly dividend of $0.44. This represents a $2.43 annualized dividend and a yield of 6.97%. The ex-dividend date of this dividend is Friday, February 2nd. Mplx’s dividend payout ratio is currently 231.43%.
In related news, VP Gregory Scott Floerke sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $36.00, for a total value of $72,000.00. Following the transaction, the vice president now directly owns 79,598 shares in the company, valued at $2,865,528. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 8,000 shares of company stock worth $284,760 over the last 90 days.
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Mplx 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.
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