Mplx Lp $MPLX Holdings Boosted by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC raised its stake in Mplx Lp (NYSE:MPLX) by 161.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,628 shares of the pipeline company’s stock after purchasing an additional 8,419 shares during the period. Verdence Capital Advisors LLC’s holdings in Mplx were worth $768,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Energy Income Partners LLC acquired a new stake in Mplx during the second quarter worth about $303,072,000. Royal Bank of Canada raised its holdings in Mplx by 45.5% in the 1st quarter. Royal Bank of Canada now owns 1,151,905 shares of the pipeline company’s stock valued at $65,739,000 after acquiring an additional 360,427 shares in the last quarter. Infrastructure Capital Advisors LLC lifted its position in shares of Mplx by 2.9% in the 1st quarter. Infrastructure Capital Advisors LLC now owns 1,068,251 shares of the pipeline company’s stock worth $60,965,000 after acquiring an additional 30,267 shares during the period. Chicago Partners Investment Group LLC lifted its position in shares of Mplx by 1.5% in the 1st quarter. Chicago Partners Investment Group LLC now owns 486,668 shares of the pipeline company’s stock worth $27,107,000 after acquiring an additional 7,064 shares during the period. Finally, NEOS Investment Management LLC lifted its position in shares of Mplx by 45.5% in the 2nd quarter. NEOS Investment Management LLC now owns 486,025 shares of the pipeline company’s stock worth $27,378,000 after acquiring an additional 152,041 shares during the period. 24.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MPLX. Wolfe Research cut Mplx from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. began coverage on shares of Mplx in a report on Tuesday, October 20th. They issued a “neutral” rating and a $62.00 price target on the stock. Barclays increased their price objective on shares of Mplx from $59.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Mplx in a report on Thursday, August 13th. Finally, Royal Bank Of Canada upped their target price on shares of Mplx from $60.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Mplx currently has an average rating of “Moderate Buy” and a consensus price target of $63.80.

Mplx Price Performance

Mplx stock opened at $59.90 on Friday. The business has a 50 day simple moving average of $58.35 and a 200 day simple moving average of $57.19. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.89 and a quick ratio of 0.83. The company has a market capitalization of $60.73 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 5.63 and a beta of 0.49. Mplx Lp has a one year low of $50.22 and a one year high of $60.95.

Mplx (NYSE:MPLX) last released its quarterly earnings data on Tuesday, August 4th. The pipeline company reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.14 billion. Mplx had a return on equity of 32.83% and a net margin of 35.75%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.03 earnings per share. On average, sell-side analysts forecast that Mplx Lp will post 4.24 EPS for the current fiscal year.

Mplx Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, November 6th will be given a dividend of $1.2111 per share. This is an increase from Mplx’s previous quarterly dividend of $1.0765. The ex-dividend date is Friday, November 6th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 8.1%. Mplx’s dividend payout ratio is 92.69%.

Trending Headlines about Mplx

Here are the key news stories impacting Mplx this week:

• Positive Sentiment: Distribution raised 12.5%: MPLX declared a quarterly distribution of $1.2111 per unit, up from $1.0765, equivalent to approximately $4.84 annually and an indicated yield of about 8.2%. The increase reinforces the stock’s appeal to income-focused investors. MPLX Announces 12.5% Increase in Q3 2026 Distribution to $1.2111 Per Unit
• Positive Sentiment: Relative market strength: MPLX finished higher even as the broader market declined, indicating continued investor demand for its fee-based pipeline and logistics exposure and its sizable distribution yield. MPLX LP Rises As Market Takes a Dip: Key Facts
• Neutral Sentiment: Board additions: Micheal G. Dunn and Bruce L. Niemeyer were elected to the board of MPLX GP LLC, effective November 1. The appointments may support governance and oversight, but no immediate operational or financial impact was disclosed. MPLX LP Announces Election of Two New Directors
• Neutral Sentiment: Q3 earnings in focus: Analysts are reviewing projections for the quarter ended September 2026, with results expected to provide the next major catalyst. Estimates cited in the reports include roughly $1.02 to $1.03 in quarterly EPS, while the full-year consensus is $4.25. Gear Up for MPLX LP Q3 Earnings
• Negative Sentiment: Forecast reductions: US Capital Advisors trimmed its Q3 2026 EPS estimate to $1.02 from $1.03, FY2027 EPS to $4.22 from $4.24, and FY2028 EPS to $4.45 from $4.56. The revisions signal slightly softer expected earnings growth, although the changes were relatively small. MPLX Analyst Estimate Changes

Mplx Company Profile

MPLX LP (NYSE:MPLX) is a master limited partnership that owns and operates midstream energy infrastructure in the United States. The company provides services for the gathering, processing, transportation, storage and marketing of crude oil, natural gas and natural gas liquids (NGLs).

MPLX’s assets include crude oil and refined-products pipelines, natural gas gathering and processing systems, NGL fractionation facilities, storage terminals and marine transportation infrastructure. Through its logistics and storage operations, the company supports the movement of hydrocarbons from producing regions to refineries, export facilities and other domestic markets.

The company serves several major U.S.