Verdence Capital Advisors LLC Acquires 8,419 Shares of Mplx Lp $MPLX

Verdence Capital Advisors LLC boosted its holdings in shares of Mplx Lp (NYSE:MPLX) by 161.6% in the third quarter, HoldingsChannel reports. The firm owned 13,628 shares of the pipeline company’s stock after acquiring an additional 8,419 shares during the period. Verdence Capital Advisors LLC’s holdings in Mplx were worth $768,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Energy Income Partners LLC bought a new position in Mplx in the 2nd quarter valued at $303,072,000. Bank of New York Mellon Corp bought a new stake in shares of Mplx during the second quarter worth $1,094,000. Attessa Capital LLC bought a new stake in shares of Mplx during the second quarter worth $1,042,000. NEOS Investment Management LLC grew its holdings in shares of Mplx by 45.5% during the second 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 during the last quarter. Finally, Militia Capital Management LLC acquired a new stake in shares of Mplx in the first quarter valued at $3,824,000. 24.25% of the stock is owned by institutional investors and hedge funds.

Mplx Stock Up 1.6%

Shares of Mplx stock opened at $59.90 on Friday. The stock has a market cap 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 12 month low of $50.22 and a 12 month high of $60.95. The business has a fifty day simple moving average of $58.35 and a 200 day simple moving average of $57.19. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 1.71.

Mplx (NYSE:MPLX) last announced 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 company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period last year, the firm posted $1.03 earnings per share. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. Research analysts predict that Mplx Lp will post 4.24 EPS for the current 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 $1.2111 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $4.84 dividend on an annualized basis and a yield of 8.1%. This is a boost from Mplx’s previous quarterly dividend of $1.0765. Mplx’s payout ratio is 92.69%.

Key Headlines Impacting 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

Analysts Set New Price Targets

A number of research firms recently issued reports on MPLX. Royal Bank Of Canada lifted their price target on Mplx from $60.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, August 21st. Wells Fargo & Company increased their price objective on shares of Mplx from $61.00 to $63.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Morgan Stanley lowered their price objective 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. Weiss Ratings restated a “buy (a-)” rating on shares of Mplx in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Mplx in a research note on Tuesday, October 20th. They issued a “neutral” rating and a $62.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.80.

Mplx 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.