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

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$63.07 +0.29 (+0.46 %)
(As of 05/22/2019 12:46 PM ET)
Previous Close$62.78
Today's Range$62.39 - $63.12
52-Week Range$54.25 - $72.90
Volume6,139 shs
Average Volume938,785 shs
Market Capitalization$14.41 billion
P/E Ratio14.83
Dividend Yield6.50%
Beta0.85
Magellan Midstream Partners LP engages in the transportation, storage and distribution of petroleum products, such as crude oil. It operates through the following segments: Refined Products, Crude Oil and Marine Storage. The Refined Products segment consists of common carrier refined products pipeline system, independent terminals, and its ammonia pipeline system. The Crude Oil segment comprises of crude oil pipelines, splitter and storage facilities which are used for contract storage. The Marine Storage segment includes marine terminals located along coastal waterways. The company was founded in August 2000 and is headquartered in Tulsa, OK.

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Industry, Sector and Symbol

Industry Pipelines, except natural gas
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone(918) 574-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.83 billion
Cash Flow$5.5373 per share
Book Value$11.45 per share

Profitability

Net Income$1.33 billion

Miscellaneous

Employees1,868
Market Cap$14.41 billion
Next Earnings Date8/1/2019 (Estimated)
OptionableOptionable

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 announced a quarterly dividend on Friday, April 26th. Shareholders of record on Wednesday, May 8th will be paid a dividend of $1.005 per share on Wednesday, May 15th. This represents a $4.02 annualized dividend and a yield of 6.37%. The ex-dividend date of this dividend is Tuesday, May 7th. This is a boost from Magellan Midstream Partners's previous quarterly dividend of $1.00. 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 Wednesday, May, 1st. The pipeline company reported $1.06 EPS for the quarter, topping the consensus estimate of $1.00 by $0.06. The pipeline company earned $628.90 million during the quarter, compared to analyst estimates of $692.56 million. Magellan Midstream Partners had a return on equity of 38.97% and a net margin of 47.92%. The business's revenue was down 7.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.05 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, August 1st 2019. View Earnings Estimates for Magellan Midstream Partners.

What guidance has Magellan Midstream Partners issued on next quarter's earnings?

Magellan Midstream Partners updated its second quarter 2019 earnings guidance on Wednesday, May, 1st. The company provided earnings per share guidance of $1.13-1.13 for the period, compared to the Thomson Reuters consensus estimate of $0.95. Magellan Midstream Partners also updated its FY 2019 guidance to $4.05-4.05 EPS.

What price target have analysts set for MMP?

14 brokerages have issued 12 month price objectives for Magellan Midstream Partners' shares. Their predictions range from $56.00 to $85.00. On average, they anticipate Magellan Midstream Partners' share price to reach $69.4167 in the next year. This suggests a possible upside of 10.1% 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 1 sell rating, 9 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Magellan Midstream Partners.

Has Magellan Midstream Partners been receiving favorable news coverage?

Press coverage about MMP stock has been trending neutral on Wednesday, InfoTrie reports. The research group identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Magellan Midstream Partners earned a news impact score of 0.2 on InfoTrie's scale. They also gave news coverage about the pipeline company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days.

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), Johnson & Johnson (JNJ), Energy Transfer LP Unit (ET), Verizon Communications (VZ), Cisco Systems (CSCO), AbbVie (ABBV), General Electric (GE), NVIDIA (NVDA) and Alibaba Group (BABA).

Who are Magellan Midstream Partners' key executives?

Magellan Midstream Partners' management team includes the folowing people:
  • Michael N. Mears, Chairman, President & Chief Executive Officer
  • Melanie A. Little, Senior Vice President-Operations
  • Aaron L. Milford, Senior VP, Chief Financial & Accounting Officer
  • Larry J. Davied, Senior Vice President-Technical Services
  • Douglas J. May, SVP, General Counsel, Compliance & Ethics Officer

Who are Magellan Midstream Partners' major shareholders?

Magellan Midstream Partners' stock is owned by a number of of institutional and retail investors. Top institutional investors include Tortoise Capital Advisors L.L.C. (7.06%), Alps Advisors Inc. (6.39%), Goldman Sachs Group Inc. (4.47%), OppenheimerFunds Inc. (3.89%), JPMorgan Chase & Co. (1.84%) and Kayne Anderson Capital Advisors LP (1.69%). Company insiders that own Magellan Midstream Partners stock include Douglas J May, James R Montague, Jeff R Selvidge, Lisa J Korner, Michael N Mears and Robert G Croyle. 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 OppenheimerFunds Inc., Goldman Sachs Group Inc., Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Bank of Montreal Can, Alps Advisors Inc., Hsbc Holdings PLC, Westwood Holdings Group Inc. and Renaissance Technologies LLC. Company insiders that have sold Magellan Midstream Partners company stock in the last year include Douglas J May, James R Montague, Jeff R Selvidge, Lisa J Korner, Michael N Mears and Robert G Croyle. View Insider Buying and Selling for Magellan Midstream Partners.

Which major investors are buying Magellan Midstream Partners stock?

MMP stock was acquired by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Janus Henderson Group PLC, Commonwealth Bank of Australia, Perella Weinberg Partners Capital Management LP, Parametric Portfolio Associates LLC, CIBC Private Wealth Group LLC, Chickasaw Capital Management LLC and Natixis. 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 $63.07.

How big of a company is Magellan Midstream Partners?

Magellan Midstream Partners has a market capitalization of $14.41 billion and generates $2.83 billion in revenue each year. The pipeline company earns $1.33 billion in net income (profit) each year or $4.25 on an earnings per share basis. Magellan Midstream Partners employs 1,868 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:  448 (Thanks for Voting!)
Underperform Votes:  505 (Thanks for Voting!)
Total Votes:  953
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 5/22/2019 by MarketBeat.com Staff

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