NYSE:MMP - Magellan Midstream Partners Stock Price, News, & Analysis

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$61.74 +0.10 (+0.16 %)
(As of 05/20/2019 01:15 PM ET)
Previous Close$61.64
Today's Range$61.27 - $61.93
52-Week Range$54.25 - $72.90
Volume172,445 shs
Average Volume680,327 shs
Market Capitalization$14.10 billion
P/E Ratio14.53
Dividend Yield6.52%
Beta0.85
Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. The company operates through Refined Products, Crude Oil, and Marine Storage segments. It operates refined products pipeline that transports gasoline, distillates diesel fuel, kerosene, heating oil, aviation fuels, and liquefied petroleum gases for independent refiners and integrated oil companies, wholesalers, retailers, traders, railroads, airlines, bio-fuel producers, and regional farm cooperatives; and provides services, including terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services to shippers. The company also owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide distribution, storage, blending, inventory management, and additive injection services for refiners, marketers, traders, and other end users of petroleum products. As of December 31, 2018, it had 9,700-mile refined products pipeline system with 53 terminals, as well as 25 independent terminals; approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 28 million barrels; and 6 marine terminals with an aggregate storage capacity of approximately 27 million barrels. Magellan Midstream Partners, L.P. was founded in 2000 and is headquartered in Tulsa, Oklahoma.

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Industry, Sector and Symbol

Industry Pipelines, except natural gas
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone918-574-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.83 billion
Cash Flow$5.4205 per share
Book Value$11.45 per share

Profitability

Net Income$1.33 billion

Miscellaneous

Employees1,868
Market Cap$14.10 billion
Next Earnings Date8/1/2019 (Estimated)
OptionableOptionable

Magellan Midstream Partners (NYSE:MMP) Frequently Asked Questions

What is Magellan Midstream Partners' stock symbol?

Magellan Midstream Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "MMP."

How often does Magellan Midstream Partners pay dividends? What is the dividend yield for Magellan Midstream Partners?

Magellan Midstream Partners declared a quarterly dividend on Friday, April 26th. Shareholders of record on Wednesday, May 8th will be paid a dividend of $1.005 per share on Wednesday, May 15th. This represents a $4.02 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date of this dividend is Tuesday, May 7th. This is a boost from Magellan Midstream Partners's previous quarterly dividend of $1.00. View Magellan Midstream Partners' Dividend History.

How were Magellan Midstream Partners' earnings last quarter?

Magellan Midstream Partners, L.P. (NYSE:MMP) issued its quarterly earnings results on Wednesday, May, 1st. The pipeline company reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.06. The pipeline company had revenue of $628.90 million for the quarter, compared to the consensus estimate of $692.56 million. Magellan Midstream Partners had a return on equity of 38.97% and a net margin of 47.92%. The business's revenue was down 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.05 EPS. View Magellan Midstream Partners' Earnings History.

When is Magellan Midstream Partners' next earnings date?

Magellan Midstream Partners is scheduled to release their next quarterly earnings announcement on Thursday, August 1st 2019. View Earnings Estimates for Magellan Midstream Partners.

What guidance has Magellan Midstream Partners issued on next quarter's earnings?

Magellan Midstream Partners issued an update on its second quarter 2019 earnings guidance on Wednesday, May, 1st. The company provided EPS guidance of $1.13-1.13 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.95. Magellan Midstream Partners also updated its FY 2019 guidance to $4.05-4.05 EPS.

What price target have analysts set for MMP?

14 Wall Street analysts have issued 1 year price objectives for Magellan Midstream Partners' stock. Their predictions range from $56.00 to $85.00. On average, they expect Magellan Midstream Partners' share price to reach $69.4167 in the next twelve months. This suggests a possible upside of 12.2% from the stock's current price. View Analyst Price Targets for Magellan Midstream Partners.

What is the consensus analysts' recommendation for Magellan Midstream Partners?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last year. There are currently 1 sell rating, 9 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Magellan Midstream Partners.

Has Magellan Midstream Partners been receiving favorable news coverage?

Media coverage about MMP stock has been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Magellan Midstream Partners earned a daily sentiment score of -1.0 on InfoTrie's scale. They also assigned news stories about the pipeline company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the near term.

Who are some of Magellan Midstream Partners' key competitors?

What other stocks do shareholders of Magellan Midstream Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Magellan Midstream Partners investors own include Enterprise Products Partners (EPD), AT&T (T), Johnson & Johnson (JNJ), Energy Transfer LP Unit (ET), Verizon Communications (VZ), Cisco Systems (CSCO), AbbVie (ABBV), General Electric (GE), Alibaba Group (BABA) and NVIDIA (NVDA).

Who are Magellan Midstream Partners' key executives?

Magellan Midstream Partners' management team includes the folowing people:
  • Mr. Michael N. Mears, Chairman, Pres & CEO of Magellan GP, LLC (Age 56)
  • Mr. Aaron L. Milford, Sr. VP & CFO of Magellan GP, LLC (Age 45)
  • Ms. Lisa J. Korner, Sr. VP of HR & Admin. - Magellan GP LLC (Age 58)
  • Mr. Douglas J. May, SVP, Gen. Counsel, Compliance & Ethics Officer and Asst. Sec. of Magellan GP LLC (Age 48)
  • Mr. Jeff R. Selvidge, Sr. VP of Commercial for Refined Products - Magellan GP LLC (Age 58)

Who are Magellan Midstream Partners' major shareholders?

Magellan Midstream Partners' stock is owned by many different of retail and institutional investors. Top institutional investors include Tortoise Capital Advisors L.L.C. (7.06%), Alps Advisors Inc. (6.39%), Goldman Sachs Group Inc. (4.47%), OppenheimerFunds Inc. (3.89%), JPMorgan Chase & Co. (1.84%) and Kayne Anderson Capital Advisors LP (1.69%). Company insiders that own Magellan Midstream Partners stock include Douglas J May, James R Montague, Jeff R Selvidge, Lisa J Korner, Michael N Mears and Robert G Croyle. View Institutional Ownership Trends for Magellan Midstream Partners.

Which major investors are selling Magellan Midstream Partners stock?

MMP stock was sold by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., Goldman Sachs Group Inc., Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Bank of Montreal Can, Alps Advisors Inc., Hsbc Holdings PLC, Westwood Holdings Group Inc. and Renaissance Technologies LLC. Company insiders that have sold Magellan Midstream Partners company stock in the last year include Douglas J May, James R Montague, Jeff R Selvidge, Lisa J Korner, Michael N Mears and Robert G Croyle. View Insider Buying and Selling for Magellan Midstream Partners.

Which major investors are buying Magellan Midstream Partners stock?

MMP stock was acquired by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Janus Henderson Group PLC, Commonwealth Bank of Australia, Perella Weinberg Partners Capital Management LP, Parametric Portfolio Associates LLC, CIBC Private Wealth Group LLC, Chickasaw Capital Management LLC and Natixis. View Insider Buying and Selling for Magellan Midstream Partners.

How do I buy shares of Magellan Midstream Partners?

Shares of MMP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Magellan Midstream Partners' stock price today?

One share of MMP stock can currently be purchased for approximately $61.88.

How big of a company is Magellan Midstream Partners?

Magellan Midstream Partners has a market capitalization of $14.13 billion and generates $2.83 billion in revenue each year. The pipeline company earns $1.33 billion in net income (profit) each year or $4.25 on an earnings per share basis. Magellan Midstream Partners employs 1,868 workers across the globe.

What is Magellan Midstream Partners' official website?

The official website for Magellan Midstream Partners is http://www.magellanlp.com.

How can I contact Magellan Midstream Partners?

Magellan Midstream Partners' mailing address is One Williams Center P.O. Box 22186, TULSA OK, 74121. The pipeline company can be reached via phone at 918-574-7000 or via email at [email protected]


MarketBeat Community Rating for Magellan Midstream Partners (NYSE MMP)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  448 (Vote Outperform)
Underperform Votes:  504 (Vote Underperform)
Total Votes:  952
MarketBeat's community ratings are surveys of what our community members think about Magellan Midstream Partners and other stocks. Vote "Outperform" if you believe MMP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MMP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/20/2019 by MarketBeat.com Staff

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