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

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$64.78 -0.58 (-0.89 %)
(As of 10/18/2018 09:13 AM ET)
Previous Close$65.36
Today's Range$64.57 - $65.86
52-Week Range$54.82 - $75.82
Volume1.22 million shs
Average Volume900,233 shs
Market Capitalization$15.45 billion
P/E Ratio17.00
Dividend Yield5.99%
Beta0.79
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, 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, 2017, it had 9,700-mile refined products pipeline system with 53 terminals, as well as 26 independent terminals; 1,100-mile ammonia pipeline system; approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 28 million barrels; and 5 marine terminals with an aggregate storage capacity of approximately 26 million barrels. The company serves as the general partner of Magellan GP, LLC. Magellan Midstream Partners, L.P. was founded in 2000 and is headquartered in Tulsa, Oklahoma.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Pipelines, except natural gas
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:MMP
CUSIPN/A
Phone918-574-7000

Debt

Debt-to-Equity Ratio2.04
Current Ratio0.54
Quick Ratio0.31

Price-To-Earnings

Trailing P/E Ratio17.00
Forward P/E Ratio15.50
P/E Growth2.7

Sales & Book Value

Annual Sales$2.51 billion
Price / Sales5.90
Cash Flow$4.4738 per share
Price / Cash14.48
Book Value$9.34 per share
Price / Book6.94

Profitability

EPS (Most Recent Fiscal Year)$3.81
Net Income$869.53 million
Net Margins33.54%
Return on Equity42.90%
Return on Assets12.48%

Miscellaneous

Employees1,802
Outstanding Shares228,200,000
Market Cap$15.45 billion

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 Thursday, July 26th. Shareholders of record on Tuesday, August 7th will be paid 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 5.91%. 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.

How were Magellan Midstream Partners' earnings last quarter?

Magellan Midstream Partners, L.P. (NYSE:MMP) posted its earnings results on Thursday, August, 2nd. The pipeline company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The pipeline company had revenue of $644.10 million for the quarter, compared to analysts' expectations of $662.37 million. Magellan Midstream Partners had a net margin of 33.54% and a return on equity of 42.90%. Magellan Midstream Partners's revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. 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, November 1st 2018. View Earnings Estimates for Magellan Midstream Partners.

How can I listen to Magellan Midstream Partners' earnings call?

Magellan Midstream Partners will be holding an earnings conference call on Thursday, November 1st at 1:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8882208451.

What price target have analysts set for MMP?

14 equities research analysts have issued 1-year target prices for Magellan Midstream Partners' shares. Their forecasts range from $66.00 to $85.00. On average, they anticipate Magellan Midstream Partners' share price to reach $74.5385 in the next year. This suggests a possible upside of 15.1% 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 2 sell ratings, 8 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Magellan Midstream Partners.

Who are some of Magellan Midstream Partners' key competitors?

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 55)
  • Mr. Aaron L. Milford, Sr. VP & CFO of Magellan GP, LLC (Age 44)
  • Ms. Lisa J. Korner, Sr. VP of HR & Admin. - Magellan GP LLC (Age 57)
  • Mr. Douglas J. May, SVP, Gen. Counsel, Compliance & Ethics Officer & Asst. Sec. of Magellan GP LLC (Age 47)
  • Mr. Jeff R. Selvidge, Sr. VP of Commercial for Refined Products - Magellan GP LLC (Age 57)

Who are Magellan Midstream Partners' major shareholders?

Magellan Midstream Partners' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Chickasaw Capital Management LLC (1.21%), Bank of Montreal Can (0.48%), Walnut Private Equity Partners LLC (0.10%), Fiduciary Financial Services of The Southwest Inc. TX (0.06%), MAI Capital Management (0.05%) and First Manhattan Co. (0.02%). 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.

Which institutional investors are selling Magellan Midstream Partners stock?

MMP stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Chickasaw Capital Management LLC, Ibex Wealth Advisors, MAI Capital Management, Fiduciary Financial Services of The Southwest Inc. TX, Mitchell Mcleod Pugh & Williams Inc., Verity & Verity LLC and First Manhattan Co.. Company insiders that have sold Magellan Midstream Partners company stock in the last year include Douglas J May, Jeff R Selvidge and Michael N Mears. View Insider Buying and Selling for Magellan Midstream Partners.

Which institutional investors are buying Magellan Midstream Partners stock?

MMP stock was bought by a variety of institutional investors in the last quarter, including Parkside Financial Bank & Trust, Canton Hathaway LLC, Ipswich Investment Management Co. Inc., First Hawaiian Bank, Walnut Private Equity Partners LLC, Douglas Lane & Associates LLC, Atria Investments LLC and Kovack Advisors Inc.. 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 $64.78.

How big of a company is Magellan Midstream Partners?

Magellan Midstream Partners has a market capitalization of $15.45 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.

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:  419 (Vote Outperform)
Underperform Votes:  470 (Vote Underperform)
Total Votes:  889
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 10/18/2018 by MarketBeat.com Staff

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