Mplx Lp (NYSE:MPLX) Stock Has Average Price Target of $63.80

Shares of Mplx Lp (NYSE:MPLX) have been assigned an average rating of “Moderate Buy” from the fourteen analysts that are currently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $63.80.

A number of equities analysts have recently issued reports on MPLX shares. 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. Wells Fargo & Company lifted their target price on shares of Mplx from $61.00 to $63.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. 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. Stifel Nicolaus started coverage on shares of Mplx in a research report on Thursday, September 10th. They issued a “hold” rating and a $65.00 price target for the company. Finally, Morgan Stanley dropped their price target on shares of Mplx from $66.00 to $64.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 13th.

Mplx Stock Performance

Shares of NYSE MPLX opened at $60.25 on Tuesday. The business has a fifty day simple moving average of $58.38 and a 200 day simple moving average of $57.22. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $61.09 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 5.73 and a beta of 0.49. Mplx has a one year low of $50.22 and a one year high of $60.95.

Mplx (NYSE:MPLX) last posted its quarterly earnings results on Tuesday, August 4th. The pipeline company reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. Mplx had a net margin of 35.75% and a return on equity of 32.83%. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. The business’s revenue was up 10.3% compared to the same quarter last year. Sell-side analysts expect that Mplx will post 4.25 EPS for the current year.

Mplx Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, November 6th will be issued a dividend of $1.2111 per share. The ex-dividend date of this dividend is Friday, November 6th. This is a positive change from Mplx’s previous quarterly dividend of $1.0765. This represents a $4.84 dividend on an annualized basis and a yield of 8.0%. Mplx’s dividend payout ratio (DPR) is presently 92.69%.

Institutional Investors Weigh In On Mplx

Several large investors have recently modified their holdings of the stock. Energy Income Partners LLC acquired a new stake in shares of Mplx in the 2nd quarter valued at $303,072,000. Royal Bank of Canada grew its holdings in shares of Mplx by 45.5% in the 1st quarter. Royal Bank of Canada now owns 1,151,905 shares of the pipeline company’s stock worth $65,739,000 after purchasing an additional 360,427 shares during the last quarter. NEOS Investment Management LLC increased its position in shares of Mplx by 45.5% during the 2nd quarter. NEOS Investment Management LLC now owns 486,025 shares of the pipeline company’s stock worth $27,378,000 after purchasing an additional 152,041 shares in the last quarter. Empirical Finance LLC increased its position in shares of Mplx by 86.6% during the 1st quarter. Empirical Finance LLC now owns 217,494 shares of the pipeline company’s stock worth $12,412,000 after purchasing an additional 100,927 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in Mplx by 65.4% during the 1st quarter. Empowered Funds LLC now owns 217,494 shares of the pipeline company’s stock valued at $12,412,000 after purchasing an additional 86,020 shares during the last quarter. 24.25% of the stock is currently owned by institutional investors.

Trending Headlines about Mplx

Here are the key news stories impacting Mplx this week:

• Positive Sentiment: Distribution increased substantially: MPLX announced a 12.5% increase in its third-quarter 2026 distribution to $1.2111 per unit. The higher payout reinforces the stock’s income appeal and may be supporting investor demand. MPLX Announces 12.5% Increase in Q3 2026 Distribution
• Positive Sentiment: Board additions may strengthen governance: Micheal G. Dunn and Bruce L. Niemeyer were elected to the board of MPLX’s general partner, effective November 1. The company described the appointments as strengthening board leadership; the directors’ industry experience could modestly improve investor confidence. MPLX LP Announces Election of Two New Directors
• Neutral Sentiment: Market-relative strength: MPLX rose as the broader market declined, reaching $59.89 in the latest cited session. The move indicates favorable relative performance, although the reports provide limited evidence of a new operating catalyst beyond the distribution announcement. MPLX Rises As Market Takes a Dip
• Negative Sentiment: Cautious earnings outlook: US Capital Advisors trimmed its 2026 MPLX earnings-per-share forecast to $4.05 from $4.06, below the broader consensus estimate of $4.24. Its pessimistic view of third-quarter results and the lower forecast represent a modest potential headwind ahead of earnings. US Capital Advisors Has Pessimistic View of MPLX Q3 Earnings

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.