Mplx Lp $MPLX Shares Acquired by CoreCap Advisors LLC

CoreCap Advisors LLC boosted its stake in Mplx Lp (NYSE:MPLX) by 8.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 106,118 shares of the pipeline company’s stock after buying an additional 8,461 shares during the period. CoreCap Advisors LLC’s holdings in Mplx were worth $5,978,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MPLX. Assetmark Inc. lifted its stake in shares of Mplx by 81.5% in the 1st quarter. Assetmark Inc. now owns 559 shares of the pipeline company’s stock worth $32,000 after acquiring an additional 251 shares during the period. EQ Wealth Advisors LLC bought a new stake in Mplx during the fourth quarter worth approximately $32,000. Wiser Advisor Group LLC acquired a new stake in Mplx in the third quarter worth approximately $38,000. Axiom Investment Management LLC bought a new position in Mplx during the 1st quarter valued at $46,000. Finally, Prosperity Bancshares Inc acquired a new position in shares of Mplx during the 4th quarter valued at $43,000. 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: Solid second-quarter performance: MPLX reported $1.08 billion in net income attributable to the partnership, $1.775 billion in adjusted EBITDA and $1.5 billion in distributable cash flow. Gathering and fractionation volume growth, particularly in natural gas and NGLs, helped drive year-over-year improvement. MPLX LP Reports Second-Quarter 2026 Financial Results
• Positive Sentiment: Strong cash returns: MPLX said its cash generation supported $1.1 billion of capital returns and reiterated plans to increase distributions by 12.5% in both 2026 and 2027, reinforcing the stock’s appeal to income-focused investors. MPLX Q2 2026 Earnings Call Highlights
• Positive Sentiment: Visible growth opportunities: Harmon Creek III has begun operations, while MPLX continues expanding processing and sour-gas treating capacity in the Delaware, Marcellus and Permian basins. About 85%–90% of revenue is supported by long-term, fixed-fee contracts and minimum-volume commitments, limiting direct exposure to commodity-price volatility. MPLX LP: Fee-Based Infrastructure Built for Volatility And Growth
• Neutral Sentiment: Results were broadly in line with expectations: Quarterly EPS of $1.06 matched consensus, while revenue of $3.13 billion was slightly below the roughly $3.14 billion estimate, despite revenue growth of 10.3% from the prior year. MPLX Q2 Earnings and Revenues
• Negative Sentiment: Higher spending may pressure near-term valuation: MPLX raised its 2026 capital-expenditure outlook by $500 million to $2.9 billion to accelerate Gulf Coast and other growth projects. Although management targets mid-single-digit adjusted EBITDA growth, investors may be concerned about execution risk and reduced near-term free cash flow.
• Negative Sentiment: Interest-rate sensitivity: Expectations for a potential Federal Reserve rate increase could weigh on high-yield energy partnerships such as MPLX by making income-oriented alternatives more competitive. High-Yield Energy Stocks

Analysts Set New Price Targets

MPLX has been the subject of several research analyst reports. Wolfe Research lowered Mplx from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 29th. Wells Fargo & Company boosted their price target on shares of Mplx from $61.00 to $63.00 and gave the stock an “overweight” rating in a research report on Wednesday. Royal Bank Of Canada restated an “outperform” rating and set a $60.00 price objective on shares of Mplx in a research report on Thursday, July 2nd. The Goldman Sachs Group lifted their price objective on shares of Mplx from $55.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, Barclays increased their target price on shares of Mplx from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.80.

Mplx Stock Down 1.9%

Shares of Mplx stock opened at $59.37 on Thursday. The stock’s fifty day moving average is $56.93 and its 200-day moving average is $56.67. The firm has a market capitalization of $60.25 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 5.76 and a beta of 0.48. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 1.71. Mplx Lp has a 12-month low of $47.80 and a 12-month high of $60.95.

Mplx (NYSE:MPLX) last released 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. Mplx had a return on equity of 32.71% and a net margin of 35.75%.The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the company posted $1.03 EPS. Mplx’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities analysts anticipate that Mplx Lp will post 4.26 earnings per share for the current year.

Mplx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, August 7th will be paid a dividend of $1.0765 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $4.31 dividend on an annualized basis and a yield of 7.3%. Mplx’s dividend payout ratio is currently 93.29%.

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.