Truist Financial Upgrades Mplx (NYSE:MPLX) to “Strong-Buy”

Posted by Andrew Walz on Mar 25th, 2026

Mplx (NYSE:MPLX – Get Free Report) was upgraded by stock analysts at Truist Financial to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

MPLX has been the topic of several other reports. JPMorgan Chase & Co. lifted their price target on shares of Mplx from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 10th. Wall Street Zen upgraded shares of Mplx from a “hold” rating to a “buy” rating in a research note on Monday. Morgan Stanley raised their price objective on Mplx from $60.00 to $62.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Stifel Nicolaus lifted their target price on Mplx from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Finally, Weiss Ratings reissued a “buy (a-)” rating on shares of Mplx in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.56.

Get Our Latest Report on Mplx

Mplx Stock Performance

Shares of Mplx stock opened at $59.19 on Monday. The firm has a market capitalization of $60.08 billion, a P/E ratio of 12.28, a P/E/G ratio of 5.35 and a beta of 0.56. Mplx has a 52 week low of $44.60 and a 52 week high of $59.98. The company has a quick ratio of 1.18, a current ratio of 1.23 and a debt-to-equity ratio of 1.66. The firm’s 50 day moving average is $57.12 and its two-hundred day moving average is $53.80.

Mplx (NYSE:MPLX – Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The pipeline company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.07. The company had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $3.23 billion. Mplx had a net margin of 37.79% and a return on equity of 34.37%. During the same quarter last year, the company earned $1.07 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. Research analysts forecast that Mplx will post 4.41 EPS for the current fiscal year.

Institutional Trading of Mplx

Several hedge funds and other institutional investors have recently made changes to their positions in MPLX. Elevation Point Wealth Partners LLC purchased a new stake in Mplx during the second quarter worth about $26,000. Solstein Capital LLC purchased a new position in Mplx in the third quarter valued at about $25,000. FSC Wealth Advisors LLC acquired a new stake in shares of Mplx during the 2nd quarter valued at approximately $29,000. Operose Advisors LLC lifted its position in shares of Mplx by 216.2% during the 2nd quarter. Operose Advisors LLC now owns 585 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 400 shares during the period. Finally, EQ Wealth Advisors LLC purchased a new stake in shares of Mplx during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

Key Mplx News

Here are the key news stories impacting Mplx this week:

Positive Sentiment: Truist initiated/upped coverage on MPLX and set a $67 price target (buy/strong-buy), implying meaningful upside vs. the current level — this can attract buyer interest and support the rally. Truist Coverage/Price Target
Positive Sentiment: MPLX was highlighted as a high-yield defensive energy infrastructure name in a MarketBeat feature (7.4%+ yield cited). Positive press and yield-focused stories can draw income-seeking investors into the shares. MarketBeat High-Yield Feature
Neutral Sentiment: MPLX scheduled its Q1 2026 results release and conference call for May 5, 2026 — an event date that will likely drive short-term volatility and reprice estimates once results and guidance are released. Q1 Results Announcement
Neutral Sentiment: Recent coverage noted the stock has traded up but has lagged broader moves at times — useful context for traders but not a direct catalyst. Yahoo Market Note
Negative Sentiment: US Capital Advisors lowered near-term and full-year EPS forecasts: FY2026 cut to $4.05 from $4.17 and Q1–Q4 2026 quarterlies trimmed (Q1 2026 to $0.99). They also trimmed FY2027 estimates. Analyst downgrades to estimates are a headwind — they reduce beat expectations and can pressure the stock if other firms follow. US Capital Advisors Estimate Revisions

About Mplx

(Get Free Report)

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.