NYSE:MMP

Magellan Midstream Partners Stock Forecast, Price & News

$50.17
-0.02 (-0.04 %)
(As of 06/24/2021 12:00 AM ET)
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Today's Range
$49.75
$50.35
50-Day Range
$45.45
$53.53
52-Week Range
$32.61
$53.85
Volume1.00 million shs
Average Volume1.00 million shs
Market Capitalization$11.20 billion
P/E Ratio15.02
Dividend Yield8.19%
Beta1.11
30 days | 90 days | 365 days | Advanced Chart
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Magellan Midstream Partners logo

About Magellan Midstream Partners

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 and Crude Oil segments. It operates refined products pipeline that transports gasoline, diesel fuel, 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. The company 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, Magellan Midstream Partners, L.P. 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, 2019, it had 9,800-mile refined products pipeline system with 54 terminals, as well as 25 independent terminals; approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 37 million barrels; and 2 marine terminals. Magellan Midstream Partners, L.P. was founded in 2000 and is headquartered in Tulsa, Oklahoma.

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MarketRank

Overall MarketRank

1.89 out of 5 stars

Oils/Energy Sector

54th out of 689 stocks

Pipelines, Except Natural Gas Industry

4th out of 20 stocks

Analyst Opinion: 2.2Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -
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Magellan Midstream Partners (NYSE:MMP) Frequently Asked Questions

Is Magellan Midstream Partners a buy right now?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last year. There are currently 11 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research 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 stocks does MarketBeat like better than Magellan Midstream Partners?

Wall Street analysts have given Magellan Midstream Partners a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Magellan Midstream Partners wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Magellan Midstream Partners' next earnings date?

Magellan Midstream Partners is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021.
View our earnings forecast for Magellan Midstream Partners
.

How were Magellan Midstream Partners' earnings last quarter?

Magellan Midstream Partners, L.P. (NYSE:MMP) issued its quarterly earnings results on Thursday, April, 29th. The pipeline company reported $1.09 EPS for the quarter, topping the Zacks' consensus estimate of $0.87 by $0.22. The pipeline company earned $661 million during the quarter, compared to analyst estimates of $661.52 million. Magellan Midstream Partners had a trailing twelve-month return on equity of 34.70% and a net margin of 32.55%. The firm's quarterly revenue was down 15.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 EPS.
View Magellan Midstream Partners' earnings history
.

How has Magellan Midstream Partners' stock price been impacted by COVID-19?

Magellan Midstream Partners' stock was trading at $44.25 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MMP stock has increased by 13.4% and is now trading at $50.17.
View which stocks have been most impacted by COVID-19
.

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, April 22nd. Shareholders of record on Friday, May 7th will be paid a dividend of $1.028 per share on Friday, May 14th. This represents a $4.11 annualized dividend and a dividend yield of 8.20%. The ex-dividend date is Thursday, May 6th. This is an increase from Magellan Midstream Partners's previous quarterly dividend of $1.03.
View Magellan Midstream Partners' dividend history
.

Is Magellan Midstream Partners a good dividend stock?

Magellan Midstream Partners pays an annual dividend of $4.11 per share and currently has a dividend yield of 8.19%. MMP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Magellan Midstream Partners does not yet have a strong track record of dividend growth. The dividend payout ratio of Magellan Midstream Partners is 107.03%. 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 99.04% 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 issued an update on its second quarter 2021 earnings guidance on Thursday, May, 6th. The company provided EPS guidance of 1.150-1.150 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.860. The company issued revenue guidance of -.

What price target have analysts set for MMP?

16 equities research analysts have issued 1 year target prices for Magellan Midstream Partners' stock. Their forecasts range from $42.00 to $54.00. On average, they anticipate Magellan Midstream Partners' share price to reach $48.47 in the next year. This suggests that the stock has a possible downside of 3.4%.
View analysts' price targets for Magellan Midstream Partners
or view top-rated stocks among Wall Street analysts.

Who are Magellan Midstream Partners' key executives?

Magellan Midstream Partners' management team includes the following people:
  • Mr. Michael N. Mears, Chairman, Pres & CEO of Magellan GP LLC (Age 58, Pay $2.17M)
  • Mr. Jeffrey L. Holman, Sr. VP, CFO & Treasurer of Magellan GP LLC (Age 50, Pay $862.49k)
  • Mr. Aaron L. Milford, Chief Operating Officer of Magellan GP LLC (Age 47, Pay $1.13M)
  • Ms. Lisa J. Korner, Sr. VP of HR & Admin. - Magellan GP LLC (Age 60, Pay $743.71k)
  • Mr. Douglas J. May, Sr. VP, Gen. Counsel, Compliance & Ethics Officer and Asst. Sec. of Magellan GP LLC (Age 50, Pay $769.84k)
  • Mr. Michael C. Pearson, Sr. VP of Technical Services - Magellan GP LLC (Age 58)
  • 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 56)
  • Mr. Michael J. Aaronson, Sr. VP of Bus. Devel. - Magellan GP LLC (Age 46)
  • Ms. Melanie A. Little, Sr. VP of Operations & EHS&S- Magellan GP LLC (Age 50)

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.

Who are some of Magellan Midstream Partners' key competitors?

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 a number of retail and institutional investors. Top institutional shareholders include Alps Advisors Inc. (5.23%), Tortoise Capital Advisors L.L.C. (3.66%), Janus Henderson Group PLC (3.44%), Goldman Sachs Group Inc. (2.97%), Morgan Stanley (2.68%) and Mitsubishi UFJ Trust & Banking Corp (1.64%). Company insiders that own Magellan Midstream Partners stock include Chansoo Joung, James R Montague, Jeff R Selvidge and Lisa J Korner.
View institutional ownership trends for Magellan Midstream Partners
.

Which major investors are selling Magellan Midstream Partners stock?

MMP stock was sold by a variety of institutional investors in the last quarter, including Blackstone Group Inc., Goldman Sachs Group Inc., Chickasaw Capital Management LLC, Brookfield Asset Management Inc., 683 Capital Management LLC, CIBC Private Wealth Group LLC, Ensign Peak Advisors Inc, and Massachusetts Financial Services Co. MA.
View insider buying and selling activity for Magellan Midstream Partners
or view top insider-selling stocks.

Which major investors are buying Magellan Midstream Partners stock?

MMP stock was purchased by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., Alps Advisors Inc., Morgan Stanley, Credit Suisse AG, Nuveen Asset Management LLC, Mitsubishi UFJ Trust & Banking Corp, Arrowstreet Capital Limited Partnership, and First Eagle Investment Management LLC.
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 $50.17.

How much money does Magellan Midstream Partners make?

Magellan Midstream Partners has a market capitalization of $11.20 billion and generates $2.43 billion in revenue each year. The pipeline company earns $816.97 million in net income (profit) each year or $3.84 on an earnings per share basis.

How many employees does Magellan Midstream Partners have?

Magellan Midstream Partners employs 1,720 workers across the globe.

When was Magellan Midstream Partners founded?

Magellan Midstream Partners was founded in 2000.

What is Magellan Midstream Partners' official website?

The official website for Magellan Midstream Partners is www.magellanlp.com.

Where are Magellan Midstream Partners' headquarters?

Magellan Midstream Partners is headquartered at One Williams Center P.O. Box 22186, TULSA OK, 74121.

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]


This page was last updated on 6/25/2021 by MarketBeat.com Staff
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