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Magellan Midstream Partners Stock Price, Forecast & Analysis (NYSE:MMP)

$60.67
+0.39 (+0.65 %)
(As of 11/15/2019 02:08 PM ET)
Today's Range
$60.30
Now: $60.67
$61.02
50-Day Range
$59.03
MA: $64.10
$66.50
52-Week Range
$54.25
Now: $60.67
$67.75
Volume315,042 shs
Average Volume845,008 shs
Market Capitalization$13.86 billion
P/E Ratio14.28
Dividend Yield6.73%
Beta0.71
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. Read More…

Industry, Sector and Symbol

Industry Pipelines, except natural gas
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone918-574-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.83 billion
Cash Flow$5.42 per share
Book Value$11.71 per share

Profitability

Net Income$1.33 billion

Miscellaneous

Employees1,868
Market Cap$13.86 billion
Next Earnings Date1/30/2020 (Estimated)
OptionableOptionable

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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 Thursday, October 24th. Investors of record on Thursday, November 7th will be paid a dividend of $1.02 per share on Thursday, November 14th. This represents a $4.08 dividend on an annualized basis and a yield of 6.71%. The ex-dividend date of this dividend is Wednesday, November 6th. This is an increase from Magellan Midstream Partners's previous quarterly dividend of $1.01. View Magellan Midstream Partners' Dividend History.

How were Magellan Midstream Partners' earnings last quarter?

Magellan Midstream Partners, L.P. (NYSE:MMP) posted its quarterly earnings results on Thursday, October, 31st. The pipeline company reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.10. The pipeline company earned $656.60 million during the quarter, compared to analysts' expectations of $673.05 million. Magellan Midstream Partners had a return on equity of 38.78% and a net margin of 36.75%. The business's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 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, January 30th 2020. 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 fourth quarter earnings guidance on Thursday, October, 31st. The company provided earnings per share (EPS) guidance of $1.13 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.14.

What price target have analysts set for MMP?

12 brokers have issued 1-year target prices for Magellan Midstream Partners' stock. Their forecasts range from $56.00 to $75.00. On average, they expect Magellan Midstream Partners' stock price to reach $68.20 in the next twelve months. This suggests a possible upside of 12.1% from the stock's current price. View Analyst Price Targets for Magellan Midstream Partners.

What is the consensus analysts' recommendation for Magellan Midstream Partners?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last year. There are currently 2 sell ratings, 6 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?

News articles about MMP stock have been trending somewhat negative recently, according to InfoTrie. The research firm rates the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Magellan Midstream Partners earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave media stories about the pipeline company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Magellan Midstream Partners.

Are investors shorting Magellan Midstream Partners?

Magellan Midstream Partners saw a drop in short interest during the month of October. As of October 15th, there was short interest totalling 3,460,000 shares, a drop of 14.1% from the September 15th total of 4,030,000 shares. Based on an average daily volume of 805,100 shares, the days-to-cover ratio is presently 4.3 days. Approximately 1.5% of the company's shares are short sold. View Magellan Midstream Partners' Current Options Chain.

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

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 retail and institutional investors. Top institutional investors include Alps Advisors Inc. (5.37%), Kayne Anderson Capital Advisors LP (2.29%), Chickasaw Capital Management LLC (1.42%), CIBC Private Wealth Group LLC (1.00%), Miller Howard Investments Inc. NY (0.51%) and Creative Planning (0.46%). Company insiders that own Magellan Midstream Partners stock include Chansoo Joung, 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 Alps Advisors Inc., CIBC Private Wealth Group LLC, SG Americas Securities LLC, River Road Asset Management LLC, Conning Inc., Miller Howard Investments Inc. NY, Cincinnati Insurance Co. and Dividend Assets Capital LLC. Company insiders that have sold Magellan Midstream Partners company stock in the last year include 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 acquired by a variety of institutional investors in the last quarter, including Chickasaw Capital Management LLC, Kayne Anderson Capital Advisors LP, Teacher Retirement System of Texas, California Public Employees Retirement System, Unigestion Holding SA, Icon Advisers Inc. Co., Tiedemann Advisors LLC and BBVA USA Bancshares Inc.. 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, Robinhood, Fidelity and Charles Schwab.

What is Magellan Midstream Partners' stock price today?

One share of MMP stock can currently be purchased for approximately $60.84.

How big of a company is Magellan Midstream Partners?

Magellan Midstream Partners has a market capitalization of $13.89 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.View Additional Information About Magellan Midstream Partners.

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:  2.3 out of 5 (star star)
Outperform Votes:  472 (Vote Outperform)
Underperform Votes:  542 (Vote Underperform)
Total Votes:  1,014
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 11/15/2019 by MarketBeat.com Staff

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