Mplx (NYSE:MPLX) Hits New 1-Year High – Here’s What Happened

Posted by Geri Gentry on Aug 4th, 2026

Mplx Lp (NYSE:MPLX – Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $60.28 and last traded at $60.0960, with a volume of 937961 shares trading hands. The stock had previously closed at $58.91.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Zacks Research upgraded Mplx from a “strong sell” rating to a “hold” rating in a research note on Friday, June 5th. Barclays increased their target price on Mplx from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Wells Fargo & Company dropped their target price on Mplx from $63.00 to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. The Goldman Sachs Group boosted their price target on Mplx from $55.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $60.00 price target on shares of Mplx in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Mplx currently has a consensus rating of “Moderate Buy” and an average price target of $61.60.

Check Out Our Latest Report on Mplx

Mplx Stock Up 2.7%

The company has a market capitalization of $61.42 billion, a PE ratio of 13.10, a P/E/G ratio of 5.56 and a beta of 0.48. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.10 and a quick ratio of 1.05. The company has a 50-day moving average of $56.78 and a two-hundred day moving average of $56.61.

Mplx (NYSE:MPLX – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The pipeline company reported $1.06 EPS for the quarter, hitting analysts’ consensus estimates of $1.06. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Mplx had a return on equity of 32.74% and a net margin of 36.38%.The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.03 earnings per share. Sell-side analysts anticipate that Mplx Lp will post 4.26 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, August 7th will be paid a dividend of $1.0765 per share. The ex-dividend date is Friday, August 7th. This represents a $4.31 dividend on an annualized basis and a dividend yield of 7.1%. Mplx’s payout ratio is 93.29%.

Institutional Investors Weigh In On Mplx

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MPLX. Miller Howard Investments Inc. NY lifted its position in shares of Mplx by 2.5% in the fourth quarter. Miller Howard Investments Inc. NY now owns 2,315,921 shares of the pipeline company’s stock worth $123,601,000 after buying an additional 57,247 shares in the last quarter. Merit Financial Group LLC boosted its stake in Mplx by 126.0% during the fourth quarter. Merit Financial Group LLC now owns 43,234 shares of the pipeline company’s stock valued at $2,307,000 after buying an additional 24,107 shares during the last quarter. Clearbridge Investments LLC grew its holdings in Mplx by 7.9% during the 4th quarter. Clearbridge Investments LLC now owns 2,343,689 shares of the pipeline company’s stock valued at $125,083,000 after buying an additional 172,000 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its stake in Mplx by 8.7% in the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,883,800 shares of the pipeline company’s stock worth $100,538,000 after acquiring an additional 150,000 shares during the last quarter. Finally, Americana Partners LLC increased its stake in Mplx by 38.6% in the 4th quarter. Americana Partners LLC now owns 760,306 shares of the pipeline company’s stock worth $40,578,000 after acquiring an additional 211,694 shares during the last quarter. Institutional investors own 24.25% of the company’s stock.

Mplx Company Profile

(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.