Oppenheimer & Co. Inc. Buys 37,455 Shares of Mplx Lp $MPLX

Oppenheimer & Co. Inc. boosted its stake in Mplx Lp (NYSE:MPLX) by 153.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,864 shares of the pipeline company’s stock after acquiring an additional 37,455 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Mplx were worth $3,484,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Energy Income Partners LLC bought a new position in Mplx during the 2nd quarter worth about $303,072,000. Royal Bank of Canada lifted its holdings in shares of Mplx by 45.5% in the first quarter. Royal Bank of Canada now owns 1,151,905 shares of the pipeline company’s stock valued at $65,739,000 after purchasing an additional 360,427 shares in the last quarter. NEOS Investment Management LLC lifted its holdings in shares of Mplx by 45.5% in the second quarter. NEOS Investment Management LLC now owns 486,025 shares of the pipeline company’s stock valued at $27,378,000 after purchasing an additional 152,041 shares in the last quarter. Empirical Finance LLC lifted its holdings in shares of Mplx by 86.6% in the first quarter. Empirical Finance LLC now owns 217,494 shares of the pipeline company’s stock valued at $12,412,000 after purchasing an additional 100,927 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Mplx by 65.4% during the first quarter. Empowered Funds LLC now owns 217,494 shares of the pipeline company’s stock worth $12,412,000 after buying an additional 86,020 shares during the period. 24.25% of the stock is owned by institutional investors.

Mplx Trading Up 1.6%

Mplx stock opened at $59.90 on Friday. The company has a market cap of $60.73 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 5.63 and a beta of 0.49. The firm has a 50-day moving average of $58.35 and a 200-day moving average of $57.19. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.89 and a quick ratio of 0.83. Mplx Lp 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, meeting analysts’ consensus estimates of $1.06. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.14 billion. Mplx had a return on equity of 32.83% and a net margin of 35.75%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same period last year, the company earned $1.03 earnings per share. On average, equities analysts expect that Mplx Lp will post 4.24 earnings per share for the current fiscal year.

Mplx Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, November 6th will be given a $1.2111 dividend. This is a boost from Mplx’s previous quarterly dividend of $1.0765. The ex-dividend date of this dividend is Friday, November 6th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 8.1%. Mplx’s payout ratio is 92.69%.

Trending Headlines about 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

Several research analysts have recently weighed in on the company. Royal Bank Of Canada upped their price objective on Mplx from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday, August 21st. Stifel Nicolaus assumed coverage on Mplx in a research note on Thursday, September 10th. They issued a “hold” rating and a $65.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on Mplx in a research report on Tuesday, October 20th. They set a “neutral” rating and a $62.00 price target for the company. Morgan Stanley reduced their price target on Mplx from $66.00 to $64.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 13th. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Mplx in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.80.

About Mplx

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.