Magellan Midstream Partners Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last year. There are currently 2 sell ratings, 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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.
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11 equities research analysts have issued 12-month target prices for Magellan Midstream Partners' shares. Their MMP stock forecasts range from $49.00 to $59.00. On average, they expect Magellan Midstream Partners' stock price to reach $53.09 in the next twelve months. This suggests a possible upside of 11.7% from the stock's current price.
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Magellan Midstream Partners' stock was trading at $46.44 at the beginning of 2022. Since then, MMP shares have increased by 2.3% and is now trading at $47.52.
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Magellan Midstream Partners is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
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Magellan Midstream Partners, L.P. (NYSE:MMP) posted its quarterly earnings results on Thursday, May, 5th. The pipeline company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.03. The pipeline company had revenue of $631.10 million for the quarter, compared to the consensus estimate of $704.74 million. Magellan Midstream Partners had a net margin of 33.36% and a trailing twelve-month return on equity of 51.92%. The company's revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter last year, the business earned $1.09 earnings per share.
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Magellan Midstream Partners announced a quarterly dividend on Friday, April 22nd. Investors of record on Monday, May 2nd will be paid a dividend of $1.0375 per share on Friday, May 13th. This represents a $4.15 annualized dividend and a dividend yield of 8.73%. The ex-dividend date is Friday, April 29th.
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Magellan Midstream Partners(NYSE:MMP) pays an annual dividend of $4.15 per share and currently has a dividend yield of 8.76%. MMP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Magellan Midstream Partners 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 of Magellan Midstream Partners is 97.42%. 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 89.25% in the coming year. This indicates that Magellan Midstream Partners may not be able to sustain their current dividend.
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Magellan Midstream Partners updated its second quarter 2022 earnings guidance on Monday, May, 23rd. The company provided earnings per share guidance of $1.12-$1.12 for the period, compared to the consensus EPS estimate of $1.01. The company issued revenue guidance of -.

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.

Some companies that are related to Magellan Midstream Partners include Mplx (MPLX), HF Sinclair (DINO), Plains All American Pipeline (PAA), Shell Midstream Partners (SHLX), Delek Logistics Partners (DKL), Holly Energy Partners (HEP), Plains GP (PAGP), NuStar Energy (NS), Genesis Energy (GEL), PBF Logistics (PBFX) and Blueknight Energy Partners (BKEP).
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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).

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

Magellan Midstream Partners' stock is owned by many different institutional and retail investors. Top institutional shareholders include Invesco Ltd. (4.54%), Goldman Sachs Group Inc. (2.81%), UBS Group AG (1.44%), Chickasaw Capital Management LLC (1.42%), Mirae Asset Global Investments Co. Ltd. (1.27%) and Clearbridge Investments LLC (1.27%). Company insiders that own Magellan Midstream Partners stock include Chansoo Joung, James R Montague, Jeff R Selvidge, Jung Jennifer Fall, Lisa J Korner and Melanie A Little.
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MMP stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Bank of Montreal Can, Blackstone Inc., Duff & Phelps Investment Management Co., PEAK6 Investments LLC, UBS Group AG, Fractal Investments LLC, and Chickasaw Capital Management LLC. Company insiders that have sold Magellan Midstream Partners company stock in the last two years include Jung Jennifer Fall, Lisa J Korner, and Melanie A Little.
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MMP stock was bought by a variety of institutional investors in the last quarter, including Beach Investment Counsel Inc. PA, BNP Paribas Arbitrage SA, Clearbridge Investments LLC, Mirae Asset Global Investments Co. Ltd., Progeny 3 Inc., Citigroup Inc., Goldman Sachs Group Inc., and Verity Asset Management Inc..
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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.
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One share of MMP stock can currently be purchased for approximately $47.52.

Magellan Midstream Partners (NYSE:MMP) has a market capitalization of $10.05 billion and generates $2.73 billion in revenue each year. The pipeline company earns $982 million in net income (profit) each year or $4.26 on an earnings per share basis.

Magellan Midstream Partners employs 1,715 workers across the globe.

Magellan Midstream Partners was founded in 2000.

Magellan Midstream Partners' mailing address is One Williams Center P.O. Box 22186, TULSA OK, 74121. The official website for Magellan Midstream Partners is www.magellanlp.com. The pipeline company can be reached via phone at (918) 574-7000, via email at [email protected], or via fax at 302-655-5049.