Mplx (NYSE:MPLX) Upgraded at Truist Financial

Truist Financial upgraded shares of Mplx (NYSE:MPLX) to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

A number of other analysts have also recently issued reports on MPLX. Wall Street Zen upgraded shares of Mplx from a “hold” rating to a “buy” rating in a research note on Monday. UBS Group increased their price target on shares of Mplx from $64.00 to $73.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Morgan Stanley raised their price target on shares of Mplx from $60.00 to $62.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Stifel Nicolaus lifted their price objective on shares of Mplx from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Finally, Weiss Ratings reiterated a “buy (a-)” rating on shares of Mplx in a report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $61.56.

Mplx Stock Down 0.4%

MPLX opened at $58.91 on Monday. Mplx has a fifty-two week low of $44.60 and a fifty-two week high of $59.98. The business has a 50-day moving average of $57.19 and a 200-day moving average of $53.84. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.23 and a quick ratio of 1.18. The company has a market capitalization of $59.81 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 5.42 and a beta of 0.56.

Mplx (NYSE:MPLX) last announced its quarterly earnings results on Tuesday, February 3rd. The pipeline company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.10 by $0.07. Mplx had a return on equity of 34.37% and a net margin of 37.79%.The business had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same quarter in the previous year, the business posted $1.07 EPS. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. Equities research analysts forecast that Mplx will post 4.41 EPS for the current fiscal year.

Mplx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were given a dividend of $1.0765 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $4.31 dividend on an annualized basis and a yield of 7.3%. Mplx’s dividend payout ratio is presently 89.42%.

Hedge Funds Weigh In On Mplx

A number of institutional investors have recently modified their holdings of MPLX. Chickasaw Capital Management LLC boosted its holdings in Mplx by 2.2% during the third quarter. Chickasaw Capital Management LLC now owns 5,611,824 shares of the pipeline company’s stock valued at $280,311,000 after acquiring an additional 120,216 shares during the period. Caprock Group LLC bought a new position in shares of Mplx in the third quarter worth about $2,698,000. Fort Washington Investment Advisors Inc. OH bought a new position in shares of Mplx in the third quarter worth about $990,000. Bridges Investment Management Inc. lifted its position in shares of Mplx by 53.2% during the 3rd quarter. Bridges Investment Management Inc. now owns 103,351 shares of the pipeline company’s stock worth $5,162,000 after purchasing an additional 35,869 shares during the last quarter. Finally, Natixis lifted its position in shares of Mplx by 1,585.3% during the 2nd quarter. Natixis now owns 403,758 shares of the pipeline company’s stock worth $20,798,000 after purchasing an additional 379,800 shares during the last quarter. Institutional investors own 24.25% of the company’s stock.

More Mplx News

Here are the key news stories impacting Mplx this week:

• Positive Sentiment: Truist Securities initiated coverage on MPLX with a buy/strong‑buy and set a $67 price target (~13.7% upside vs. current price), giving the stock fresh catalyst and analyst support. Truist Initiates Coverage
• Neutral Sentiment: Two comparative valuation pieces looked at MPLX vs. Ultrapar (UGP), which can shift investor attention toward relative value but don’t change MPLX fundamentals directly. These pieces may influence allocation decisions in energy/pipeline exposure. UGP or MPLX: Which Is the Better Value Stock Right Now? (Yahoo) UGP or MPLX: Which Is the Better Value Stock Right Now? (Zacks)
• Neutral Sentiment: Recent market commentary noted MPLX made modest gains in a prior session but lagged broader markets — signals of short‑term relative performance that traders may weigh. MPLX Gains But Lags Market (Yahoo)
• Negative Sentiment: US Capital Advisors reduced near‑term and some multi‑year EPS forecasts for MPLX (FY2026 lowered to $4.05 from $4.17; FY2027 trimmed to $4.27), including cuts to several quarterly estimates — a downside catalyst that can temper earnings expectations and weigh on the stock. US Capital Advisors EPS Revisions (MarketBeat)

About Mplx

MPLX LP (NYSE: MPLX) is a midstream master limited partnership that owns, operates and develops energy infrastructure primarily across the United States. The company provides a range of midstream services including the gathering, transportation, storage and distribution of crude oil, refined petroleum products, natural gas and natural gas liquids (NGLs). MPLX also operates processing and fractionation facilities and supplies logistics services that connect producers, refiners and end-use markets.

The partnership’s asset base includes pipelines, storage terminals, rail and marine facilities, natural gas processing plants and NGL fractionators.