Norden Group LLC Invests $7.60 Million in Mplx Lp $MPLX

Norden Group LLC purchased a new stake in shares of Mplx Lp (NYSE:MPLX) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 142,300 shares of the pipeline company’s stock, valued at approximately $7,595,000. Mplx accounts for about 0.7% of Norden Group LLC’s portfolio, making the stock its 23rd largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MPLX. NewEdge Advisors LLC raised its position in shares of Mplx by 4.1% in the 1st quarter. NewEdge Advisors LLC now owns 24,049 shares of the pipeline company’s stock worth $1,287,000 after buying an additional 939 shares during the period. Geode Capital Management LLC boosted its holdings in Mplx by 6.6% in the 2nd quarter. Geode Capital Management LLC now owns 16,557 shares of the pipeline company’s stock worth $853,000 after acquiring an additional 1,021 shares during the period. Franklin Resources Inc. boosted its stake in shares of Mplx by 6.6% in the second quarter. Franklin Resources Inc. now owns 12,920 shares of the pipeline company’s stock valued at $666,000 after purchasing an additional 800 shares during the period. Steward Partners Investment Advisory LLC boosted its position in Mplx by 3.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 68,278 shares of the pipeline company’s stock valued at $3,517,000 after buying an additional 2,013 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Mplx by 14.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 128,590 shares of the pipeline company’s stock valued at $6,624,000 after purchasing an additional 16,708 shares in the last quarter. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Key Stories Impacting Mplx

Here are the key news stories impacting Mplx this week:

• Positive Sentiment: Truist initiated coverage of MPLX with a buy/strong‑buy stance, raising investor interest and providing fresh analyst support for the stock. Truist Financial Begins Coverage on Mplx (NYSE:MPLX)
• Positive Sentiment: Coverage and the analyst upgrade coincided with MPLX making a new 52‑week high, signaling strong market reaction to the analyst commentary and driving momentum. Mplx (NYSE:MPLX) Reaches New 52-Week High After Analyst Upgrade
• Positive Sentiment: Multiple outlets reported Truist’s initiation, reinforcing the message across the market and broadening buy‑side visibility. Truist Securities initiates coverage of MPLX LP – Limited Partnership (MPLX) with buy recommendation
• Neutral Sentiment: Comparative valuation pieces are drawing investor attention to MPLX versus peers (UGP), which could attract comparative buyers or prompt profit‑taking depending on conclusions about relative value. UGP or MPLX: Which Is the Better Value Stock Right Now?
• Negative Sentiment: US Capital Advisors trimmed near‑term and full‑year EPS forecasts (cuts to Q1–Q4 2026 and FY2026/FY2027 estimates), which could cap upside if earnings revisions spread to other analysts or if guidance deteriorates. (Research note summary — no direct link)

Mplx Trading Up 0.1%

NYSE:MPLX opened at $58.93 on Friday. The company’s 50 day moving average is $57.25 and its 200-day moving average is $53.87. The company has a quick ratio of 1.18, a current ratio of 1.23 and a debt-to-equity ratio of 1.66. Mplx Lp has a 12 month low of $44.60 and a 12 month high of $59.98. The firm has a market cap of $59.82 billion, a price-to-earnings ratio of 12.23, a P/E/G ratio of 5.40 and a beta of 0.56.

Mplx (NYSE:MPLX) last released its earnings results on Tuesday, February 3rd. The pipeline company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.07. The firm had revenue of $5.99 billion during the quarter, compared to analyst estimates of $3.23 billion. Mplx had a net margin of 37.79% and a return on equity of 34.37%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.07 EPS. Equities analysts anticipate that Mplx Lp will post 4.41 EPS for the current year.

Mplx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were issued a $1.0765 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $4.31 dividend on an annualized basis and a yield of 7.3%. Mplx’s dividend payout ratio (DPR) is 89.42%.

Analyst Ratings Changes

MPLX has been the subject of a number of research reports. UBS Group lifted their price target on Mplx from $64.00 to $73.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Stifel Nicolaus increased their price target on Mplx from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Raymond James Financial lowered shares of Mplx from an “outperform” rating to a “market perform” rating in a research note on Monday, January 5th. Citigroup lifted their target price on Mplx from $54.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Finally, Truist Financial started coverage on Mplx in a research report on Tuesday. They set a “buy” rating and a $67.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.56.

Mplx Company 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.