Media stories about Mplx (NYSE:MPLX) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mplx earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave press coverage about the pipeline company an impact score of 46.584888569309 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Stocks which investors can’t afford to let alone: MPLX LP (MPLX), The Walt Disney Company (DIS) – Market Movers (financialqz.com)
- Antero Midstream Has a 37% Upside Potential from Current Levels (marketrealist.com)
- John Fox, Co-Founder Of Markwest Hydrocarbon, Issues Open Letter To The Board Of Directors Of Marathon Petroleum Corporation Concerning Valuation and MPC’s Proposed November 13 Plan to Exchange its General Partner Interests, Including its IDRs, at an Inflated Multiple (finance.yahoo.com)
- John Fox, Co-Founder of Markwest Hydrocarbon, Issues Open Letter To The MPLX GP Conflicts Committee Concerning MPC’s Proposed November 13 Plan to Exchange Its General Partner Interests, Including Its IDRs, at an Inflated Multiple (finance.yahoo.com)
Shares of Mplx (NYSE:MPLX) traded up $1.35 during midday trading on Monday, hitting $37.06. 2,161,597 shares of the company were exchanged, compared to its average volume of 1,413,741. Mplx has a fifty-two week low of $30.88 and a fifty-two week high of $39.43. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $14,832.97, a PE ratio of 39.24, a P/E/G ratio of 4.87 and a beta of 1.36.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th were given a $0.5875 dividend. The ex-dividend date was Friday, November 3rd. This is a boost from Mplx’s previous quarterly dividend of $0.56. This represents a $2.35 annualized dividend and a yield of 6.34%. Mplx’s payout ratio is 258.24%.
Several equities analysts have recently issued reports on MPLX shares. Royal Bank Of Canada reissued a “buy” rating and set a $46.00 price target on shares of Mplx in a report on Wednesday, November 15th. UBS lifted their price objective on shares of Mplx from $43.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Scotiabank restated a “buy” rating and set a $44.00 price objective on shares of Mplx in a research note on Wednesday, October 4th. Zacks Investment Research cut shares of Mplx from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Finally, BidaskClub cut shares of Mplx from a “sell” rating to a “strong sell” rating in a research note on Friday, October 13th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $41.91.
In other Mplx news, VP C Corwin Bromley sold 2,500 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $34.50, for a total value of $86,250.00. Following the sale, the vice president now directly owns 123,705 shares in the company, valued at $4,267,822.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Gregory Scott Floerke sold 4,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $34.69, for a total transaction of $138,760.00. Following the completion of the sale, the vice president now owns 83,598 shares in the company, valued at $2,900,014.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,000 shares of company stock worth $487,670.
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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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