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S&P 500   4,594.63
DOW   36,245.50
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Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
New CBOE “special perk” helps traders target income every weekend (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Lacking counselors, US schools turn to the booming business of online therapy
New CBOE “special perk” helps traders target income every weekend (Ad)
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
New CBOE “special perk” helps traders target income every weekend (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
New CBOE “special perk” helps traders target income every weekend (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Lacking counselors, US schools turn to the booming business of online therapy
New CBOE “special perk” helps traders target income every weekend (Ad)
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
New CBOE “special perk” helps traders target income every weekend (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
New CBOE “special perk” helps traders target income every weekend (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Lacking counselors, US schools turn to the booming business of online therapy
New CBOE “special perk” helps traders target income every weekend (Ad)
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
New CBOE “special perk” helps traders target income every weekend (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war

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

Notice: This company has been marked as potentially delisted and may not be actively trading.
Compare
Today's Range
$69.00
$69.00
50-Day Range
$65.16
$69.19
52-Week Range
$45.52
$69.90
Volume
N/A
Average Volume
1.42 million shs
Market Capitalization
$13.94 billion
P/E Ratio
13.75
Dividend Yield
6.07%
Price Target
$62.00

Magellan Midstream Partners MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.89 Rating Score
Upside/​Downside
10.1% Downside
$62.00 Price Target
Short Interest
N/A
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
3.13%
From $5.12 to $5.28 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.26 out of 5 stars

Oils/Energy Sector

216th out of 227 stocks

Pipelines, Except Natural Gas Industry

7th out of 7 stocks


MMP stock logo

About Magellan Midstream Partners Stock (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. The company operates refined products pipeline that transports gasoline, diesel and aviation fuel, kerosene, and heating oil to refiners, 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. It also 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. Magellan Midstream Partners, L.P. was incorporated in 2000 and is headquartered in Tulsa, Oklahoma.


MMP Stock News Headlines

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Magellan Midstream (MMP) Receives a Rating Update from a Top Analyst
See More Headlines
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Company Calendar

Last Earnings
5/04/2023
Ex-Dividend for 9/25 Dividend
9/20/2023
Dividend Payable
9/25/2023
Today
12/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Pipelines, except natural gas
Sub-Industry
N/A
Employees
1,655
Year Founded
2000

Price Target and Rating

Average Stock Price Target
$62.00
High Stock Price Target
$69.00
Low Stock Price Target
$56.00
Potential Upside/Downside
-10.1%
Consensus Rating
Reduce
Rating Score (0-4)
1.89
Research Coverage
9 Analysts

Profitability

Net Income
$1.04 billion
Pretax Margin
29.62%

Debt

Sales & Book Value

Annual Sales
$3.48 billion
Cash Flow
$6.08 per share
Book Value
$8.22 per share

Miscellaneous

Free Float
201,449,000
Market Cap
$13.94 billion
Optionable
Optionable
Beta
0.90

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Key Executives

  • Mr. Aaron L. Milford (Age 49)
    Pres, CEO & Director of Magellan GP LLC
    Comp: $787.58k
  • Mr. Jeffrey L. Holman (Age 51)
    Principal Accounting Officer, Exec. VP, CFO & Treasurer of Magellan GP LLC
    Comp: $583.5k
  • Mr. Douglas J. May J.D. (Age 52)
    SVP, Gen. Counsel, Compliance & Ethics Officer and Assistant Sec. of Magellan GP LLC
    Comp: $486.25k
  • Mr. Michael J. Aaronson (Age 48)
    Exec. VP & Chief Commercial Officer of Magellan GP LLC
    Comp: $482.52k
  • Mr. James R. Hoskin
    Sr. VP of Operations
  • Mr. Michael C. Pearson (Age 60)
    Sr. VP of Technical Services - Magellan GP LLC
  • Ms. Lisa J. KornerMs. Lisa J. Korner (Age 62)
    Sr. VP of HR & Admin.
  • Ms. Paula Farrell
    Associate VP of Investor Relations - Magellan GP LLC
  • Mr. Mark B. Roles (Age 48)
    Sr. VP of Commercial & Refined Products - Magellan GP LLC
  • Mr. Kyle T. Krshka (Age 38)
    Sr. VP of Commercial – Crude Oil of Magellan GP, LLC














MMP Stock Analysis - Frequently Asked Questions

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

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" MMP shares.
View MMP analyst ratings
or view top-rated stocks.

What is Magellan Midstream Partners' stock price target for 2024?

9 Wall Street research analysts have issued 12 month price objectives for Magellan Midstream Partners' shares. Their MMP share price targets range from $56.00 to $69.00. On average, they expect the company's share price to reach $62.00 in the next year. This suggests that the stock has a possible downside of 10.1%.
View analysts price targets for MMP
or view top-rated stocks among Wall Street analysts.

How were Magellan Midstream Partners' earnings last quarter?

Magellan Midstream Partners, L.P. (NYSE:MMP) issued its quarterly earnings results on Thursday, May, 4th. The pipeline company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.11. The pipeline company had revenue of $869.70 million for the quarter, compared to analyst estimates of $731.28 million. Magellan Midstream Partners had a trailing twelve-month return on equity of 58.77% and a net margin of 29.55%. The firm's revenue for the quarter was up 28.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.08 EPS.

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

Magellan Midstream Partners declared a None dividend on Monday, September 11th. Shareholders of record on Thursday, September 21st will be given a dividend of $0.247 per share on Monday, September 25th. The ex-dividend date is Wednesday, September 20th.
Read our dividend analysis for MMP
.

Is Magellan Midstream Partners a good dividend stock?

Magellan Midstream Partners (NYSE:MMP) pays an annual dividend of $4.19 per share and currently has a dividend yield of 6.11%. MMP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company 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 is 83.47%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, MMP will have a dividend payout ratio of 79.36% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for MMP.

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

27 employees have rated Magellan Midstream Partners Chief Executive Officer Michael N. Mears on Glassdoor.com. Michael N. Mears has an approval rating of 85% among the company's 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).

Who are Magellan Midstream Partners' major shareholders?

Magellan Midstream Partners' stock is owned by a variety of retail and institutional investors. Top institutional investors include Payden & Rygel Investment Group (0.01%), Financial Gravity Asset Management Inc. (0.00%), Geneos Wealth Management Inc. (0.00%), Walleye Trading LLC (0.00%), Wolverine Trading LLC (0.00%) and Hsbc Holdings PLC (0.00%). Insiders that own company stock include James R Montague, Jung Jennifer Fall, Lisa J Korner and Melanie A Little.
View institutional ownership trends
.

This page (NYSE:MMP) was last updated on 12/3/2023 by MarketBeat.com Staff

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