Mplx (NYSE:MPLX) Reaches New 52-Week High – Still a Buy?

17 Jan 2026, 17:13 by Teresa Graham · The Cerbat Gem

Mplx Lp (NYSE:MPLX – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $56.30 and last traded at $56.15, with a volume of 1133223 shares changing hands. The stock had previously closed at $55.46.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Mplx from $60.00 to $59.00 and set an “overweight” rating on the stock in a report on Tuesday, September 23rd. Zacks Research raised Mplx from a “strong sell” rating to a “hold” rating in a report on Thursday, November 6th. Royal Bank Of Canada raised their target price on Mplx from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Weiss Ratings reiterated a “buy (a-)” rating on shares of Mplx in a research report on Monday, December 29th. Finally, Barclays raised their price objective on shares of Mplx from $53.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.00.

Get Our Latest Stock Analysis on MPLX

Mplx Stock Performance

The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.26 and a current ratio of 1.31. The company has a market cap of $57.54 billion, a price-to-earnings ratio of 11.99 and a beta of 0.56. The firm’s 50-day moving average price is $53.88 and its 200 day moving average price is $51.66.

Mplx (NYSE:MPLX – Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The pipeline company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.45. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Mplx had a net margin of 37.61% and a return on equity of 34.14%. On average, sell-side analysts anticipate that Mplx Lp will post 4.41 EPS for the current year.

Mplx Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 7th were paid a $1.0765 dividend. This is a boost from Mplx’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend was Friday, November 7th. This represents a $4.31 dividend on an annualized basis and a dividend yield of 7.6%. Mplx’s dividend payout ratio (DPR) is currently 91.10%.

Institutional Investors Weigh In On Mplx

Several hedge funds have recently bought and sold shares of MPLX. Private Wealth Asset Management LLC bought a new stake in shares of Mplx in the 2nd quarter valued at $26,000. Elevation Point Wealth Partners LLC acquired a new position in Mplx in the second quarter valued at about $26,000. Solstein Capital LLC acquired a new stake in shares of Mplx during the third quarter worth about $25,000. FSC Wealth Advisors LLC bought a new position in shares of Mplx during the 2nd quarter valued at about $29,000. Finally, Operose Advisors LLC lifted its holdings in shares of Mplx by 216.2% during the 2nd quarter. Operose Advisors LLC now owns 585 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 400 shares in the last quarter. 24.25% of the stock is currently owned by institutional investors and hedge funds.

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.