Magellan Midstream Partners L.P. Company Profile (NYSE:MMP)

About Magellan Midstream Partners L.P.

Magellan Midstream Partners L.P. logoMagellan Midstream Partners, L.P. is engaged in the transportation, storage and distribution of refined petroleum products and crude oil. The Company's business segments include Refined Products, Crude Oil and Marine Storage. The Company's asset portfolio, including the assets of its joint ventures, consist of the Company's refined products segment, including over 9,500 mile refined products pipeline system with approximately 50 terminals, as well as over 30 independent terminals not connected to the its pipeline system and its approximately 1,100-mile ammonia pipeline system; its crude oil segment, including approximately 1,700 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of over 20 million barrels, of which approximately 14 million is used for leased storage, and its marine storage segment, consisting of over five marine terminals located along coastal waterways with an aggregate storage capacity of approximately 30 million barrels.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Pipelines
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: MMP
  • CUSIP:
Key Metrics:
  • Previous Close: $69.64
  • 50 Day Moving Average: $71.91
  • 200 Day Moving Average: $70.18
  • Trailing P/E Ratio: 18.81
  • Foreward P/E Ratio: 18.51
  • P/E Growth: 2.48
  • Market Cap: $15.98B
  • Outstanding Shares: 227,783,000
  • Beta: 0.6
Additional Links:
Companies Related to Magellan Midstream Partners L.P.:

Analyst Ratings

Consensus Ratings for Magellan Midstream Partners L.P. (NYSE:MMP) (?)
Ratings Breakdown: 2 Sell Ratings, 5 Hold Ratings, 8 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $78.42 (11.76% upside)

Analysts' Ratings History for Magellan Midstream Partners L.P. (NYSE:MMP)
Show:
DateFirmActionRatingPrice TargetDetails
8/23/2016ArgusReiterated RatingBuy$85.00View Rating Details
8/18/2016Morgan StanleyDowngradeEqual -> Underweight$73.00 -> $69.00View Rating Details
8/5/2016WunderlichReiterated RatingHold$71.00View Rating Details
8/3/2016Credit Suisse Group AGSet Price TargetSell$74.00View Rating Details
7/13/2016Ladenburg ThalmannInitiated CoverageBuyView Rating Details
6/14/2016Seaport Global SecuritiesInitiated CoverageBuy$82.00View Rating Details
5/16/2016JPMorgan Chase & Co.Lower Price TargetNeutral$82.00 -> $78.00View Rating Details
5/10/2016Wells Fargo & Co.Reiterated RatingBuyView Rating Details
5/5/2016Stifel NicolausDowngradeBuy -> HoldView Rating Details
4/29/2016Royal Bank Of CanadaBoost Price TargetOutperform$61.00 -> $69.00View Rating Details
3/9/2016Mitsubishi UFJ Financial GroupInitiated CoverageNeutral$83.00View Rating Details
2/5/2016Barclays PLCLower Price TargetOverweight$84.00 -> $82.00View Rating Details
1/4/2016Raymond James Financial Inc.UpgradeOutperform -> Strong-Buy$75.00 -> $78.00View Rating Details
11/16/2015DA DavidsonInitiated CoverageBuy$85.00View Rating Details
11/2/2015Citigroup Inc.Lower Price TargetBuy$95.50 -> $93.50View Rating Details
9/11/2015Goldman Sachs Group Inc.Lower Price TargetNeutral$83.00 -> $70.00View Rating Details
11/4/2014Bank of America Corp.Reiterated RatingBuy$88.00 -> $90.00View Rating Details
(Data available from 8/28/2014 forward)

Earnings

Earnings History for Magellan Midstream Partners L.P. (NYSE:MMP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/1/2016        
8/2/2016Q216$0.75$0.82$519.12 million$518.90 millionViewN/AView Earnings Details
5/4/2016Q116$0.84$0.87$558.10 million$530.30 millionViewN/AView Earnings Details
2/4/2016Q415$0.91$0.91$628.00 million$573.05 millionViewN/AView Earnings Details
11/3/2015Q315$0.73$0.86$518.54 million$577.20 millionViewN/AView Earnings Details
8/6/2015Q215$0.73$0.78$504.02 million$496.40 millionViewN/AView Earnings Details
5/5/2015Q115$0.93$0.83$631.54 million$522.10 millionViewN/AView Earnings Details
2/5/2015Q414$0.93$1.10$599.10 million$667.07 millionViewN/AView Earnings Details
10/31/2014Q314$0.66$0.87$484.30 million$443.84 millionViewN/AView Earnings Details
8/5/2014Q214$0.71$0.70$503.27 million$496.45 millionViewN/AView Earnings Details
5/6/2014Q114$0.67$1.07$509.20 million$618.60 millionViewN/AView Earnings Details
2/4/2014Q413$0.82$0.83$552.95 million$190.00 millionViewN/AView Earnings Details
10/31/2013Q313$0.58$0.55$424.60 million$443.80 millionViewN/AView Earnings Details
8/1/2013Q2 2013$0.53$0.65$461.90 million$443.92 millionViewListenView Earnings Details
5/2/2013Q1 2013$0.48$0.51$515.03 million$432.40 millionViewN/AView Earnings Details
2/5/2013Q4 2012$0.65$0.58$505.26 million$486.93 millionViewListenView Earnings Details
10/31/2012Q312$0.44$0.35$468.27 million$435.51 millionViewN/AView Earnings Details
8/1/2012$0.91$1.01ViewN/AView Earnings Details
5/2/2012$0.92$0.83ViewN/AView Earnings Details
2/7/2012$0.96$0.97ViewN/AView Earnings Details
11/2/2011$0.72$0.79ViewN/AView Earnings Details
8/3/2011$0.82$0.91ViewN/AView Earnings Details
5/4/2011$0.76$0.80ViewN/AView Earnings Details
2/2/2011$0.77$0.78ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Magellan Midstream Partners L.P. (NYSE:MMP)
Current Year EPS Consensus Estimate: $3.53 EPS
Next Year EPS Consensus Estimate: $3.79 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20163$0.81$0.88$0.85
Q2 20163$0.64$0.83$0.74
Q3 20163$0.81$0.89$0.86
Q4 20163$0.91$0.92$0.92
Q1 20172$0.87$0.93$0.90
Q2 20172$0.90$0.92$0.91
Q3 20172$0.91$0.96$0.94
Q4 20172$0.93$1.03$0.98
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Magellan Midstream Partners L.P. (NYSE:MMP)
Annual Dividend:$3.28
Dividend Yield:4.67%
Payout Ratio:87.70% (Based on Trailing 12 Months of Earnings)
92.92% (Based on Current Year Consensus EPS Estimate)
86.54% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:17.80% (3 Year Average)

Dividend History for Magellan Midstream Partners L.P. (NYSE:MMP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/21/2016quarterly$0.824.46%7/28/20168/1/20168/12/2016
4/21/2016quarterly$0.804.59%4/28/20165/2/20165/13/2016
1/27/2016quarterly$0.794.85%2/3/20162/5/20162/12/2016
10/22/2015quarterly$0.764.77%10/29/201511/2/201511/13/2015
7/24/2015quarterly$0.744.3%8/5/20158/7/20158/14/2015
4/23/2015quarterly$0.723.49%4/30/20155/4/20155/15/2015
1/27/2015$0.702/4/20152/6/20152/13/2015
10/22/2014quarterly$0.673.29%11/5/201411/7/201411/14/2014
7/24/2014quarterly$0.643.02%7/31/20148/4/20148/14/2014
4/24/2014quarterly$0.613.36%5/6/20145/8/20145/15/2014
1/28/2014quarterly$0.593.59%2/5/20142/7/20142/14/2014
10/25/2013quarterly$0.563.71%11/5/201311/7/201311/14/2013
7/25/2013quarterly$0.533.82%8/5/20138/7/20138/14/2013
4/25/2013quarterly$0.513.84%5/6/20135/8/20135/15/2013
1/22/2013quarterly$0.504.13%2/4/20132/6/20132/14/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Magellan Midstream Partners L.P. (NYSE:MMP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/6/2016Jeff R SelvidgeSVPSell5,504$72.00$396,288.00View SEC Filing  
3/4/2016Michael N MearsCEOSell20,000$70.71$1,414,200.00View SEC Filing  
3/2/2016Jeff R SelvidgeSVPSell7,500$67.80$508,500.00View SEC Filing  
2/29/2016Douglas J MaySVPSell8,000$68.25$546,000.00View SEC Filing  
5/21/2015Robert L BarnesSVPSell3,600$81.86$294,696.00View SEC Filing  
2/27/2015Douglas J MaySVPSell4,800$82.29$394,992.00View SEC Filing  
2/20/2015Jeff R SelvidgeSVPSell7,500$82.50$618,750.00View SEC Filing  
2/13/2015Lisa J KornerSVPSell12,000$80.32$963,840.00View SEC Filing  
11/21/2014Lisa J KornerSVPSell6,066$87.06$528,105.96View SEC Filing  
11/19/2014Brett C RileySVPSell15,000$88.00$1,320,000.00View SEC Filing  
11/19/2014Michael N MearsCEOSell20,000$88.01$1,760,200.00View SEC Filing  
11/14/2014Brett C RileySVPSell20,000$85.91$1,718,200.00View SEC Filing  
11/12/2014Robert L BarnesSVPSell1,800$85.68$154,224.00View SEC Filing  
9/16/2014Jeff R SelvidgeSVPSell7,000$83.00$581,000.00View SEC Filing  
6/6/2014Michael N MearsCEOSell20,000$84.01$1,680,200.00View SEC Filing  
3/6/2014Lisa KornerSVPSell20,000$69.21$1,384,200.00View SEC Filing  
11/26/2013Brett RileySVPSell20,000$62.22$1,244,400.00View SEC Filing  
8/21/2013Jeff SelvidgeSVPSell3,111$55.14$171,540.54View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Magellan Midstream Partners L.P. (NYSE:MMP)
DateHeadline
fidaily.com logoBeach Investment Counsel Inc/pa Sells A Little More Magellan Midstream Partners L.P (MMP) Stock Last Quarter (NYSE:MMP)
www.fidaily.com - August 26 at 5:57 PM
thestreet.com logo4 Safe MLPs Paying Higher Dividends (NYSE:MMP)
www.thestreet.com - August 26 at 5:57 PM
marketrealist.com logoHow Enterprise Products Partners’ Yield Compares with Peers (NYSE:MMP)
marketrealist.com - August 25 at 11:17 AM
News IconMagellan Midstream Partners LP (NYSE:MMP) from Oil & Gas Pipelines – Todays Top Gains (NYSE:MMP)
twincountynews.com - August 24 at 6:00 PM
finance.yahoo.com logo4 Reasons Magellan Midstream Partner Is Rated A Buy At Argus (NYSE:MMP)
finance.yahoo.com - August 22 at 6:12 PM
News IconShare Valuation Review for Magellan Midstream Partners LP (NYSE:MMP) - Post News (NYSE:MMP)
www.kentuckypostnews.com - August 20 at 5:57 PM
News IconOil & Gas Pipelines: Magellan Midstream Partners LP (NYSE:MMP) Position of the day (NYSE:MMP)
twincountynews.com - August 19 at 6:09 PM
fool.com logoHow Risky Is Magellan Midstream Partners, L.P.? (NYSE:MMP)
www.fool.com - August 18 at 9:54 AM
News IconTop Gainers of the Day: Magellan Midstream Partners LP (NYSE:MMP) from Oil & Gas Pipelines (NYSE:MMP)
twincountynews.com - August 16 at 6:21 PM
News IconIs Magellan Midstream Partners LP (NYSE:MMP), a large market cap stock a smart buy? (NYSE:MMP)
twincountynews.com - August 11 at 6:37 PM
insidermonkey.com logoMariner Investment Group Powers Up On Energy Stocks In Q2 (NYSE:MMP)
www.insidermonkey.com - August 10 at 9:15 AM
seekingalpha.com logoA Closer Look At Magellan Midstream Partners' Results For 2Q16 ... - Seeking Alpha (NYSE:MMP)
seekingalpha.com - August 7 at 5:54 PM
seekingalpha.com logoA Closer Look At Magellan Midstream Partners' Results For 2Q16 (NYSE:MMP)
seekingalpha.com - August 7 at 10:24 AM
finance.yahoo.com logoMAGELLAN MIDSTREAM PARTNERS LP Financials (NYSE:MMP)
finance.yahoo.com - August 6 at 6:21 PM
News IconEarnings Estimates & Analyst Opinion on Magellan Midstream Partners, L.P. (NYSE:MMP) - The Voice Registrar (NYSE:MMP)
voiceregistrar.com - August 6 at 9:01 AM
News IconLeading stocks in today’s market: Magellan Midstream Partners LP (NYSE:MMP) (NYSE:MMP)
twincountynews.com - August 5 at 6:24 PM
seekingalpha.com logoBearish Market Outlook For Magellan Midstream Partners Appears Warranted (NYSE:MMP)
seekingalpha.com - August 4 at 6:33 PM
News IconUpdate on Magellan Midstream Partners LP (NYSE:MMP) for the day (NYSE:MMP)
twincountynews.com - August 4 at 6:33 PM
fool.com logoMagellan Midstream Partners L.P.'s Earnings Steady as Management Tees Up Its Next Growth Phase (NYSE:MMP)
www.fool.com - August 4 at 6:33 PM
seekingalpha.com logoMagellan Midstream Partners LP (MMP) Michael N. Mears on Q2 2016 Results - Earnings Call Transcript - Seeking Alpha (NYSE:MMP)
seekingalpha.com - August 3 at 6:33 PM
finance.yahoo.com logoMagellan Midstream (MMP) Beats on Q2 Earnings, Revenues (NYSE:MMP)
finance.yahoo.com - August 3 at 6:33 PM
capitalcube.com logoMagellan Midstream Partners LP :MMP-US: Earnings Analysis: Q2, 2016 By the Numbers : August 3, 2016 (NYSE:MMP)
www.capitalcube.com - August 3 at 6:33 PM
fool.com logoMagellan Midstream Partners L.P.'s Earnings Were Steady as Management Tees Up Its Next Growth Phase (NYSE:MMP)
www.fool.com - August 3 at 10:19 AM
News IconMagellan Midstream Corpus Christi Condensate Splitter to be Commissioned in September (NYSE:MMP)
www.industrialinfo.com - August 3 at 9:33 AM
finance.yahoo.com logoEdited Transcript of MMP earnings conference call or presentation 2-Aug-16 5:30pm GMT (NYSE:MMP)
finance.yahoo.com - August 3 at 9:33 AM
seekingalpha.com logoMagellan Midstream lower despite earnings beat (NYSE:MMP)
seekingalpha.com - August 2 at 6:33 PM
News IconMagellan Midstream Reports Solid Second-Quarter Monetary Outcomes. South Carolina SC (NYSE:MMP)
www.southcarolinasc.com - August 2 at 11:01 AM
twst.com logoMagellan Midstream Partners LP: Magellan Midstream Reports Solid Second-Quarter Financial Results (2Q16 Fin Sched) (NYSE:MMP)
www.twst.com - August 2 at 11:01 AM
finance.yahoo.com logoMagellan Midstream Reports Solid Second-Quarter Financial Results (NYSE:MMP)
finance.yahoo.com - August 2 at 11:01 AM
sg.finance.yahoo.com logoMagellan Midstream tops Street 2Q forecasts (NYSE:MMP)
sg.finance.yahoo.com - August 2 at 11:01 AM
publicnow.com logoMagellan Midstream Reports Solid Second-Quarter Financial Results (2Q16 Fin Sched) (NYSE:MMP)
www.publicnow.com - August 2 at 11:01 AM
finance.yahoo.com logoMagellan Midstream (MMP) Beats on Q2 Earnings Estimates (NYSE:MMP)
finance.yahoo.com - August 2 at 11:01 AM
biz.yahoo.com logoMAGELLAN MIDSTREAM PARTNERS LP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statement (NYSE:MMP)
biz.yahoo.com - August 2 at 11:01 AM
tradecalls.org logoMiller Howard Investments Inc Ny Lowers stake in Magellan Midstream Partners L.P. (MMP) - Trade Calls (NYSE:MMP)
www.tradecalls.org - August 1 at 10:52 AM
nasdaq.com logoMagellan Midstream Partners L.P. (MMP) Ex-Dividend Date Scheduled for July 28, 2016 - Nasdaq (NYSE:MMP)
www.nasdaq.com - July 29 at 9:14 AM
marketrealist.com logoWhy Magellan Midstream Partners Focuses on Organic Growth (NYSE:MMP)
marketrealist.com - July 28 at 6:26 PM
marketrealist.com logoDid Magellan’s Fee-Based Businesses Live Up to Q2 Expectations? (NYSE:MMP)
marketrealist.com - July 28 at 10:05 AM
finance.yahoo.com logoMagellan Midstream (MMP): What to Expect in Q2 Earnings? (NYSE:MMP)
finance.yahoo.com - July 28 at 6:28 AM
seekingalpha.com logoMagellan Midstream Partners: Steady Cash Flow Fuels An Impressive 11% Distribution Increase (NYSE:MMP)
seekingalpha.com - July 26 at 9:28 AM
News IconMagellan Kansas products line to return to service by month end: company (NYSE:MMP)
www.platts.com - July 25 at 6:21 PM
News IconDCP Midstream Partners, LP (DPM) Stock Rating Lowered by Ladenburg Thalmann (NYSE:MMP)
bolsafinanzas.com - July 22 at 6:06 PM
News IconLadenburg Thalmann Upgrades American Midstream Partners LP to Buy (NYSE:MMP)
learningandfinance.com - July 22 at 6:06 PM
4-traders.com logoMagellan Midstream Partners : Increases Quarterly Cash Distribution to 82 Cents (NYSE:MMP)
www.4-traders.com - July 22 at 6:06 PM
News IconMagellan Midstream Partners L.P. (MMP) Declares Dividend Increase - $0.82 Per Share (NYSE:MMP)
vegassports-odds.com - July 22 at 6:06 PM
News IconMagellan Midstream Increases Quarterly Money Distribution to 82 Cents. South Carolina SC (NYSE:MMP)
www.southcarolinasc.com - July 22 at 9:11 AM
prnewswire.com logoMagellan Midstream Increases Quarterly Cash Distribution to 82 Cents (NYSE:MMP)
www.prnewswire.com - July 22 at 9:11 AM
capitalcube.com logoMagellan Midstream Partners LP breached its 50 day moving average in a Bearish Manner : MMP-US : July 22, 2016 (NYSE:MMP)
www.capitalcube.com - July 22 at 8:10 AM
News IconStock Strength in Focus for Magellan Midstream Partners LP (NYSE:MMP) - Press Telegraph (NYSE:MMP)
presstelegraph.com - July 21 at 6:30 PM
News IconEquity Roundup: Stock Performance Focus on Magellan Midstream Partners L.P. (NYSE:MMP) - Press Telegraph (NYSE:MMP)
presstelegraph.com - July 21 at 6:30 PM
News IconTortoise Capital Advisors LLC Decreased Stake in Magellan Midstream Prtnrs LP (NYSE:MMP) by $107.72 Million as ... - Press Telegraph (NYSE:MMP)
presstelegraph.com - July 21 at 6:30 PM

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Magellan Midstream Partners L.P. (NYSE:MMP) Chart for Sunday, August, 28, 2016


Last Updated on 8/28/2016 by MarketBeat.com Staff