NYSE:MMP - Magellan Midstream Partners Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $61.64 -0.01 (-0.02 %) (As of 05/19/2019 04:00 PM ET)Previous Close$61.64Today's Range$61.3252 - $62.1552-Week Range$54.25 - $72.90Volume486,555 shsAverage Volume680,327 shsMarket Capitalization$14.08 billionP/E Ratio14.50Dividend Yield6.52%Beta0.85 ProfileAnalyst RatingsChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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 diesel fuel, kerosene, heating oil, 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, 2018, it had 9,700-mile refined products pipeline system with 53 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 28 million barrels; and 6 marine terminals with an aggregate storage capacity of approximately 27 million barrels. Magellan Midstream Partners, L.P. was founded in 2000 and is headquartered in Tulsa, Oklahoma. Receive MMP News and Ratings via Email Sign-up to receive the latest news and ratings for MMP and its competitors with MarketBeat's FREE daily newsletter. Industry, Sector and Symbol Stock Exchange NYSE Industry Pipelines, except natural gas Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:MMP Previous Symbol CUSIPN/A CIK1126975 Webwww.magellanlp.com Phone918-574-7000Debt Debt-to-Equity Ratio1.69 Current Ratio0.70 Quick Ratio0.39Price-To-Earnings Trailing P/E Ratio14.50 Forward P/E Ratio15.33 P/E Growth2.56 Sales & Book Value Annual Sales$2.83 billion Price / Sales4.98 Cash Flow$5.4118 per share Price / Cash Flow11.39 Book Value$11.45 per share Price / Book5.38Profitability EPS (Most Recent Fiscal Year)$4.25 Net Income$1.33 billion Net Margins47.92% Return on Equity38.97% Return on Assets12.63%Miscellaneous Employees1,868 Outstanding Shares228,400,000Market Cap$14.08 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date is Tuesday, May 7th. This is a positive change 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) issued its quarterly earnings data on Wednesday, May, 1st. The pipeline company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.06. The pipeline company had revenue of $628.90 million for the quarter, compared to analyst estimates of $692.56 million. Magellan Midstream Partners had a net margin of 47.92% and a return on equity of 38.97%. Magellan Midstream Partners's revenue for the quarter was down 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 EPS. 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 issued an update on its second quarter 2019 earnings guidance on Wednesday, May, 1st. The company provided EPS guidance of $1.13-1.13 for the period, compared to the Thomson Reuters consensus EPS 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 brokers have issued twelve-month price targets for Magellan Midstream Partners' stock. Their forecasts range from $56.00 to $85.00. On average, they expect Magellan Midstream Partners' stock price to reach $69.4167 in the next twelve months. This suggests a possible upside of 12.6% 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 trended somewhat positive this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Magellan Midstream Partners earned a media sentiment score of 1.9 on InfoTrie's scale. They also assigned news articles about the pipeline company a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days. Who are some of Magellan Midstream Partners' key competitors? Some companies that are related to Magellan Midstream Partners include Mplx (MPLX), Plains All American Pipeline (PAA), Andeavor Logistics (ANDX), Buckeye Partners (BPL), Phillips 66 Partners (PSXP), Shell Midstream Partners (SHLX), Plains GP (PAGP), Enbridge Energy Partners (EEP), Valero Energy Partners (VLP), NuStar Energy (NS), Holly Energy Partners (HEP), BP Midstream Partners (BPMP), Noble Midstream Partners (NBLX), PBF Logistics (PBFX) and Delek Logistics Partners (DKL). 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), Alibaba Group (BABA) and NVIDIA (NVDA). 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 56)Mr. Aaron L. Milford, Sr. VP & CFO of Magellan GP, LLC (Age 45)Ms. Lisa J. Korner, Sr. VP of HR & Admin. - Magellan GP LLC (Age 58)Mr. Douglas J. May, SVP, Gen. Counsel, Compliance & Ethics Officer and Asst. Sec. of Magellan GP LLC (Age 48)Mr. Jeff R. Selvidge, Sr. VP of Commercial for Refined Products - Magellan GP LLC (Age 58) Who are Magellan Midstream Partners' major shareholders? Magellan Midstream Partners' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders 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 institutional 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 institutional investors are buying Magellan Midstream Partners stock? MMP stock was purchased 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 $61.64. How big of a company is Magellan Midstream Partners? Magellan Midstream Partners has a market capitalization of $14.08 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 ( )Outperform Votes: 448 (Thanks for Voting!)Underperform Votes: 504 (Thanks for Voting!)Total Votes: 952MarketBeat'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 5/19/2019 by MarketBeat.com StaffFeatured Article: Stock Symbol Receive Analysts' Upgrades and Downgrades Daily Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.