Mplx (NYSE:MPLX) Research Coverage Started at Truist Financial

Truist Financial started coverage on shares of Mplx (NYSE:MPLX) in a research note published on Tuesday, MarketBeat.com reports. The firm issued a buy rating and a $67.00 price target on the pipeline company’s stock.

A number of other research analysts have also recently commented on the company. Weiss Ratings restated a “buy (a-)” rating on shares of Mplx in a research note on Monday, December 29th. JPMorgan Chase & Co. increased their target price on Mplx from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, March 10th. Citigroup raised their target price on Mplx from $54.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Morgan Stanley boosted their price target on Mplx from $60.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Finally, Wells Fargo & Company upped their price target on Mplx from $59.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, March 13th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $61.56.

Mplx Price Performance

Mplx stock opened at $58.93 on Tuesday. The firm has a fifty day moving average of $57.25 and a 200-day moving average of $53.87. 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 has a market capitalization of $59.82 billion, a P/E ratio of 12.23, a PEG ratio of 5.40 and a beta of 0.56.

Mplx (NYSE:MPLX) last posted its earnings results on Tuesday, February 3rd. The pipeline company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.07. Mplx had a net margin of 37.79% and a return on equity of 34.37%. The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the previous year, the business posted $1.07 EPS. The business’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, analysts predict that Mplx will post 4.41 EPS for the current year.

Mplx Dividend Announcement

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

Institutional Trading of Mplx

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Alps Advisors Inc. lifted its stake in shares of Mplx by 1.2% in the third quarter. Alps Advisors Inc. now owns 26,409,654 shares of the pipeline company’s stock worth $1,319,162,000 after acquiring an additional 325,451 shares in the last quarter. Invesco Ltd. grew its stake in Mplx by 0.7% during the 3rd quarter. Invesco Ltd. now owns 19,561,938 shares of the pipeline company’s stock valued at $977,119,000 after purchasing an additional 143,361 shares in the last quarter. Bank of America Corp DE increased its holdings in Mplx by 8.3% during the 2nd quarter. Bank of America Corp DE now owns 9,873,619 shares of the pipeline company’s stock worth $508,590,000 after purchasing an additional 757,569 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Mplx by 4.4% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,060,024 shares of the pipeline company’s stock worth $352,648,000 after purchasing an additional 300,321 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of Mplx by 23.7% in the 4th quarter. Morgan Stanley now owns 5,763,110 shares of the pipeline company’s stock valued at $307,577,000 after purchasing an additional 1,104,510 shares in the last quarter. 24.25% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Mplx

Here are the key news stories impacting Mplx this week:

• Positive Sentiment: Truist initiated coverage of MPLX with a buy/strong‑buy stance, raising investor interest and providing fresh analyst support for the stock. Truist Financial Begins Coverage on Mplx (NYSE:MPLX)
• Positive Sentiment: Coverage and the analyst upgrade coincided with MPLX making a new 52‑week high, signaling strong market reaction to the analyst commentary and driving momentum. Mplx (NYSE:MPLX) Reaches New 52-Week High After Analyst Upgrade
• Positive Sentiment: Multiple outlets reported Truist’s initiation, reinforcing the message across the market and broadening buy‑side visibility. Truist Securities initiates coverage of MPLX LP – Limited Partnership (MPLX) with buy recommendation
• Neutral Sentiment: Comparative valuation pieces are drawing investor attention to MPLX versus peers (UGP), which could attract comparative buyers or prompt profit‑taking depending on conclusions about relative value. UGP or MPLX: Which Is the Better Value Stock Right Now?
• Negative Sentiment: US Capital Advisors trimmed near‑term and full‑year EPS forecasts (cuts to Q1–Q4 2026 and FY2026/FY2027 estimates), which could cap upside if earnings revisions spread to other analysts or if guidance deteriorates. (Research note summary — no direct link)

Mplx Company Profile

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.