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

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

Magellan Midstream Partners declared a quarterly dividend on Thursday, July 26th. Shareholders of record on Tuesday, August 7th will be given a dividend of $0.957 per share on Tuesday, August 14th. This represents a $3.83 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date is Monday, August 6th. This is a boost from Magellan Midstream Partners's previous quarterly dividend of $0.92. View Magellan Midstream Partners' Dividend History.

Magellan Midstream Partners, L.P. (NYSE:MMP) issued its quarterly earnings data on Thursday, August, 2nd. The pipeline company reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.01 by $0.04. The pipeline company had revenue of $644.10 million for the quarter, compared to analyst estimates of $662.37 million. Magellan Midstream Partners had a return on equity of 42.90% and a net margin of 33.54%. The business's quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the business earned $0.91 earnings per share. View Magellan Midstream Partners' Earnings History.

Magellan Midstream Partners is scheduled to release their next quarterly earnings announcement on Thursday, November, 1st 2018. View Earnings Estimates for Magellan Midstream Partners.

14 brokerages have issued 12-month price objectives for Magellan Midstream Partners' stock. Their forecasts range from $66.00 to $85.00. On average, they anticipate Magellan Midstream Partners' stock price to reach $74.8333 in the next year. This suggests a possible upside of 5.8% from the stock's current price. View Analyst Price Targets 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 3 sell ratings, 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Magellan Midstream Partners.

Some companies that are related to Magellan Midstream Partners include Enbridge (ENB), Mplx (MPLX), Energy Transfer Partners (ETP), Plains All American Pipeline (PAA), Andeavor Logistics (ANDX), Phillips 66 Partners (PSXP), Buckeye Partners (BPL), Shell Midstream Partners (SHLX), Plains GP (PAGP), Enbridge Energy Partners (EEP), Holly Energy Partners (HEP), NuStar Energy (NS), Valero Energy Partners (VLP), BP Midstream Partners (BPMP) and Noble Midstream Partners (NBLX).

Media headlines about MMP stock have trended positive recently, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Magellan Midstream Partners earned a daily sentiment score of 0.28 on Accern's scale. They also gave media stories about the pipeline company an impact score of 46.70 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next few days. View Recent Headlines for Magellan Midstream Partners.

Magellan Midstream Partners' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Tortoise Capital Advisors L.L.C. (6.57%), Alps Advisors Inc. (6.51%), Alps Advisors Inc. (6.50%), OppenheimerFunds Inc. (5.36%), Kayne Anderson Capital Advisors LP (1.59%) and Bank of America Corp DE (1.41%). Company insiders that own Magellan Midstream Partners stock include Douglas J May, Jeff R Selvidge, Lisa J Korner and Michael N Mears. View Institutional Ownership Trends for Magellan Midstream Partners.

MMP stock was sold by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., Bank of America Corp DE, Fort Washington Investment Advisors Inc. OH, Selz Capital LLC, Creative Planning, Dividend Assets Capital LLC, Macquarie Group Ltd. and Chickasaw Capital Management LLC. Company insiders that have sold Magellan Midstream Partners company stock in the last year include Jeff R Selvidge and Michael N Mears. View Insider Buying and Selling for Magellan Midstream Partners.

MMP stock was bought by a variety of institutional investors in the last quarter, including Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Tortoise Capital Advisors L.L.C., Cortland Advisers LLC, Charles Schwab Investment Advisory Inc., Perella Weinberg Partners Capital Management LP, First Republic Investment Management Inc., Alps Advisors Inc. and Epoch Investment Partners Inc.. View Insider Buying and Selling for 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.

One share of MMP stock can currently be purchased for approximately $70.72.

Magellan Midstream Partners has a market capitalization of $16.21 billion and generates $2.51 billion in revenue each year. The pipeline company earns $869.53 million in net income (profit) each year or $3.81 on an earnings per share basis. Magellan Midstream Partners employs 1,802 workers across the globe.

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]