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NYSE:MMP

Magellan Midstream Partners Stock Forecast, Price & News

$47.52
+0.13 (+0.27%)
(As of 06/24/2022 12:00 AM ET)
Add
Compare
Today's Range
$47.41
$48.13
50-Day Range
$47.27
$53.38
52-Week Range
$43.58
$53.75
Volume
1.21 million shs
Average Volume
1.20 million shs
Market Capitalization
$10.05 billion
P/E Ratio
11.15
Dividend Yield
8.76%
Price Target
$53.09
30 days | 90 days | 365 days | Advanced Chart

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MMP Stock Forecast (MarketRank)

Overall MarketRank

2.90 out of 5 stars

Oils/Energy Sector

44th out of 376 stocks

Pipelines, Except Natural Gas Industry

2nd out of 19 stocks

Analyst Opinion: 3.1Community Rank: 4.1Dividend Strength: 3.3Insider Behavior: 0.8Valuation: 3.1 5 -4 -3 -2 -1 -
Magellan Midstream Partners logo

About Magellan Midstream Partners (NYSE:MMP)

Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. It operates through Refined Products and Crude Oil segments. The company operates refined products pipeline that transports gasoline, diesel fuel, aviation fuel, kerosene, and heating oil to wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; and to end markets, including retail gasoline stations, truck stops, farm cooperatives, railroad fueling depots, military bases, and commercial airports. Further, it provides pipeline capacity and tank storage services, as well as terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services to shippers. In addition, the company owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide design, installation, construction, testing, operation, replacement, and management of assets to refiners, marketers, and traders. As of December 31, 2021, it had 9,800-mile refined products pipeline system with 54 terminals; approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 39 million barrels; and two marine terminals. The company was incorporated in 2000 and is headquartered in Tulsa, Oklahoma.

MMP Stock News Headlines

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Industry, Sector and Symbol

Industry
Pipelines, except natural gas
Sub-Industry
N/A
Employees
1,715
Year Founded
2000

Company Calendar

Ex-Dividend for 5/13 Dividend
4/29/2022
Last Earnings
5/05/2022
Dividend Payable
5/13/2022
Today
6/24/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$53.09
High Stock Price Forecast
$59.00
Low Stock Price Forecast
$49.00
Forecasted Upside/Downside
+11.7%
Consensus Rating
Hold
Rating Score (0-4)
2.18181818181818
Research Coverage
11 Analysts

Profitability

Net Income
$982 million
Pretax Margin
31.83%

Debt

Sales & Book Value

Annual Sales
$2.73 billion
Cash Flow
$6.01 per share
Book Value
$8.94 per share

Miscellaneous

Free Float
210,715,000
Market Cap
$10.05 billion
Optionable
Optionable
Beta
0.96

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Magellan Midstream Partners Frequently Asked Questions

Should I buy or sell Magellan Midstream Partners stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last year. There are currently 2 sell ratings, 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Magellan Midstream Partners stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MMP, but not buy additional shares or sell existing shares.
View analyst ratings for Magellan Midstream Partners
or view top-rated stocks.

What is Magellan Midstream Partners' stock price forecast for 2022?

11 equities research analysts have issued 12-month target prices for Magellan Midstream Partners' shares. Their MMP stock forecasts range from $49.00 to $59.00. On average, they expect Magellan Midstream Partners' stock price to reach $53.09 in the next twelve months. This suggests a possible upside of 11.7% from the stock's current price.
View analysts' price targets for Magellan Midstream Partners
or view top-rated stocks among Wall Street analysts.

How has Magellan Midstream Partners' stock price performed in 2022?

Magellan Midstream Partners' stock was trading at $46.44 at the beginning of 2022. Since then, MMP shares have increased by 2.3% and is now trading at $47.52.
View the best growth stocks for 2022 here
.

When is Magellan Midstream Partners' next earnings date?

Magellan Midstream Partners is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Magellan Midstream Partners
.

How were Magellan Midstream Partners' earnings last quarter?

Magellan Midstream Partners, L.P. (NYSE:MMP) posted its quarterly earnings results on Thursday, May, 5th. The pipeline company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.03. The pipeline company had revenue of $631.10 million for the quarter, compared to the consensus estimate of $704.74 million. Magellan Midstream Partners had a net margin of 33.36% and a trailing twelve-month return on equity of 51.92%. The company's revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter last year, the business earned $1.09 earnings per share.
View Magellan Midstream Partners' earnings history
.

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

Magellan Midstream Partners announced a quarterly dividend on Friday, April 22nd. Investors of record on Monday, May 2nd will be paid a dividend of $1.0375 per share on Friday, May 13th. This represents a $4.15 annualized dividend and a dividend yield of 8.73%. The ex-dividend date is Friday, April 29th.
View Magellan Midstream Partners' dividend history
.

Is Magellan Midstream Partners a good dividend stock?

Magellan Midstream Partners(NYSE:MMP) pays an annual dividend of $4.15 per share and currently has a dividend yield of 8.76%. MMP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Magellan Midstream Partners has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Magellan Midstream Partners is 97.42%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Magellan Midstream Partners will have a dividend payout ratio of 89.25% in the coming year. This indicates that Magellan Midstream Partners may not be able to sustain their current dividend.
View Magellan Midstream Partners' dividend history.

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

Magellan Midstream Partners updated its second quarter 2022 earnings guidance on Monday, May, 23rd. The company provided earnings per share guidance of $1.12-$1.12 for the period, compared to the consensus EPS estimate of $1.01. The company issued revenue guidance of -.

Who are Magellan Midstream Partners' key executives?

Magellan Midstream Partners' management team includes the following people:
  • Mr. Aaron L. Milford, Pres, CEO & Director of Magellan GP LLC (Age 48, Pay $1.71M)
  • Mr. Jeffrey L. Holman, Principal Accounting Officer, Exec. VP, CFO & Treasurer (Age 51, Pay $1.33M)
  • Ms. Melanie A. Little, Exec. VP & Chief Operating Officer (Age 52, Pay $1.22M) (LinkedIn Profile)
  • Mr. Douglas J. May, Sr. VP, Gen. Counsel and Compliance & Ethics Officer of Magellan GP LLC (Age 51, Pay $1.07M)
  • Mr. Michael C. Pearson, Sr. VP of Technical Services - Magellan GP LLC (Age 59)
  • Ms. Lisa J. Korner, Sr. VP of HR & Admin. (Age 61)
  • Ms. Paula Farrell, Associate VP of Investor Relations - Magellan GP LLC
  • Mr. Robert L. Barnes, Sr. VP of Commercial for Crude Oil - Magellan GP LLC (Age 57)
  • Mr. Michael J. Aaronson, Exec. VP & Chief Commercial Officer (Age 47)
  • Mr. Mark B. Roles, Sr. VP of Commercial & Refined Products - Magellan GP LLC (Age 47)

What is Michael N. Mears' approval rating as Magellan Midstream Partners' CEO?

27 employees have rated Magellan Midstream Partners CEO Michael N. Mears on Glassdoor.com. Michael N. Mears has an approval rating of 85% among Magellan Midstream Partners' employees.

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), Verizon Communications (VZ), Johnson & Johnson (JNJ), Energy Transfer (ET), AbbVie (ABBV), Cisco Systems (CSCO), Pfizer (PFE), Exxon Mobil (XOM) and Chevron (CVX).

What is Magellan Midstream Partners' stock symbol?

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

Who are Magellan Midstream Partners' major shareholders?

Magellan Midstream Partners' stock is owned by many different institutional and retail investors. Top institutional shareholders include Invesco Ltd. (4.54%), Goldman Sachs Group Inc. (2.81%), UBS Group AG (1.44%), Chickasaw Capital Management LLC (1.42%), Mirae Asset Global Investments Co. Ltd. (1.27%) and Clearbridge Investments LLC (1.27%). Company insiders that own Magellan Midstream Partners stock include Chansoo Joung, James R Montague, Jeff R Selvidge, Jung Jennifer Fall, Lisa J Korner and Melanie A Little.
View institutional ownership trends for Magellan Midstream Partners
.

Which institutional investors are selling Magellan Midstream Partners stock?

MMP stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Bank of Montreal Can, Blackstone Inc., Duff & Phelps Investment Management Co., PEAK6 Investments LLC, UBS Group AG, Fractal Investments LLC, and Chickasaw Capital Management LLC. Company insiders that have sold Magellan Midstream Partners company stock in the last two years include Jung Jennifer Fall, Lisa J Korner, and Melanie A Little.
View insider buying and selling activity for Magellan Midstream Partners
or view top insider-selling stocks.

Which institutional investors are buying Magellan Midstream Partners stock?

MMP stock was bought by a variety of institutional investors in the last quarter, including Beach Investment Counsel Inc. PA, BNP Paribas Arbitrage SA, Clearbridge Investments LLC, Mirae Asset Global Investments Co. Ltd., Progeny 3 Inc., Citigroup Inc., Goldman Sachs Group Inc., and Verity Asset Management Inc..
View insider buying and selling activity for Magellan Midstream Partners
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Magellan Midstream Partners' stock price today?

One share of MMP stock can currently be purchased for approximately $47.52.

How much money does Magellan Midstream Partners make?

Magellan Midstream Partners (NYSE:MMP) has a market capitalization of $10.05 billion and generates $2.73 billion in revenue each year. The pipeline company earns $982 million in net income (profit) each year or $4.26 on an earnings per share basis.

How many employees does Magellan Midstream Partners have?

Magellan Midstream Partners employs 1,715 workers across the globe.

When was Magellan Midstream Partners founded?

Magellan Midstream Partners was founded in 2000.

How can I contact Magellan Midstream Partners?

Magellan Midstream Partners' mailing address is One Williams Center P.O. Box 22186, TULSA OK, 74121. The official website for Magellan Midstream Partners is www.magellanlp.com. The pipeline company can be reached via phone at (918) 574-7000, via email at [email protected], or via fax at 302-655-5049.

This page (NYSE:MMP) was last updated on 6/24/2022 by MarketBeat.com Staff

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