Crescent Grove Advisors LLC Decreases Holdings in Mplx Lp $MPLX

Crescent Grove Advisors LLC trimmed its position in shares of Mplx Lp (NYSE:MPLX) by 65.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,765 shares of the pipeline company’s stock after selling 68,539 shares during the period. Crescent Grove Advisors LLC’s holdings in Mplx were worth $1,909,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Solstein Capital LLC bought a new position in Mplx during the 3rd quarter valued at about $25,000. EQ Wealth Advisors LLC bought a new position in Mplx during the 4th quarter valued at about $32,000. Wiser Advisor Group LLC bought a new position in Mplx during the 3rd quarter valued at about $38,000. Groesbeck Investment Management Corp NJ bought a new position in Mplx during the 4th quarter valued at about $49,000. Finally, WFA of San Diego LLC bought a new position in Mplx during the 2nd quarter valued at about $52,000. 24.25% of the stock is currently owned by institutional investors.

Mplx Price Performance

NYSE MPLX opened at $55.30 on Thursday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.05 and a current ratio of 1.10. The firm’s 50 day moving average price is $55.84 and its 200-day moving average price is $55.68. Mplx Lp has a 52-week low of $47.80 and a 52-week high of $59.98. The company has a market cap of $56.11 billion, a PE ratio of 11.97, a P/E/G ratio of 5.34 and a beta of 0.48.

Mplx (NYSE:MPLX) last released its quarterly earnings data on Tuesday, May 5th. The pipeline company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.15). Mplx had a net margin of 36.38% and a return on equity of 32.74%. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the business posted $1.10 earnings per share. Mplx’s revenue for the quarter was down 2.8% on a year-over-year basis. Sell-side analysts forecast that Mplx Lp will post 4.22 EPS for the current fiscal year.

Mplx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were paid a dividend of $1.0765 per share. The ex-dividend date was Friday, May 8th. This represents a $4.31 dividend on an annualized basis and a dividend yield of 7.8%. Mplx’s dividend payout ratio (DPR) is currently 93.29%.

Key Headlines Impacting Mplx

Here are the key news stories impacting Mplx this week:

• Positive Sentiment: US Capital Advisors raised several of its earnings estimates for MPLX, including Q2 2026 EPS to $1.01, Q4 2026 EPS to $1.04, Q3 2027 EPS to $1.10, and Q4 2027 EPS to $1.09, which could support investor confidence in the partnership’s earnings outlook.
• Neutral Sentiment: The broader energy-infrastructure backdrop remains constructive, with rising natural gas demand tied to LNG exports and power needs, which may support midstream volume growth over time.
• Negative Sentiment: US Capital Advisors trimmed some longer-term estimates, including FY2026 EPS to $3.97, FY2027 EPS to $4.26, and FY2028 EPS to $4.52, signaling that the upside remains modest and not all forecasts moved higher.

Analyst Ratings Changes

Several equities analysts recently commented on MPLX shares. Citigroup upped their price target on shares of Mplx from $54.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. JPMorgan Chase & Co. upped their price target on shares of Mplx from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, March 10th. The Goldman Sachs Group upped their price target on shares of Mplx from $55.00 to $63.00 and gave the company a “buy” rating in a report on Monday, April 20th. Weiss Ratings downgraded shares of Mplx from a “buy (a)” rating to a “buy (a-)” rating in a report on Monday, May 18th. Finally, Morgan Stanley cut their price target on shares of Mplx from $62.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $61.60.

Mplx 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.