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NYSE:MMPMagellan Midstream Partners Stock Price, Forecast & News

$44.88
+0.52 (+1.17 %)
(As of 05/26/2020 04:00 PM ET)
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Compare
Today's Range
$44.59
Now: $44.88
$45.56
50-Day Range
$35.61
MA: $40.75
$44.42
52-Week Range
$22.02
Now: $44.88
$67.75
Volume757,230 shs
Average Volume1.46 million shs
Market Capitalization$10.10 billion
P/E Ratio9.33
Dividend Yield9.27%
Beta1.04
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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Magellan Midstream Partners logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.3Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.99 out of 5 stars


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$2.73 billion
Cash Flow$5.91 per share
Book Value$11.89 per share

Profitability

Net Income$1.02 billion

Miscellaneous

Employees1,884
Market Cap$10.10 billion
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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Magellan Midstream Partners (NYSE:MMP) Frequently Asked Questions

How has Magellan Midstream Partners' stock been impacted by COVID-19 (Coronavirus)?

Magellan Midstream Partners' stock was trading at $44.25 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MMP shares have increased by 1.4% and is now trading at $44.88. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Magellan Midstream Partners?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last year. There are currently 2 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Magellan Midstream Partners.

When is Magellan Midstream Partners' next earnings date?

Magellan Midstream Partners is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Magellan Midstream Partners.

How were Magellan Midstream Partners' earnings last quarter?

Magellan Midstream Partners, L.P. (NYSE:MMP) announced its quarterly earnings results on Friday, May, 1st. The pipeline company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.25. The pipeline company had revenue of $782.80 million for the quarter, compared to analyst estimates of $676.67 million. Magellan Midstream Partners had a return on equity of 43.14% and a net margin of 38.20%. Magellan Midstream Partners's revenue for the quarter was up 24.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.06 EPS. View Magellan Midstream Partners' earnings history.

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, April 23rd. Shareholders of record on Friday, May 8th will be given a dividend of $1.028 per share on Friday, May 15th. This represents a $4.11 dividend on an annualized basis and a yield of 9.16%. The ex-dividend date of this dividend is Thursday, May 7th. This is a boost from Magellan Midstream Partners's previous quarterly dividend of $1.03. View Magellan Midstream Partners' dividend history.

What price target have analysts set for MMP?

17 equities research analysts have issued 1-year price targets for Magellan Midstream Partners' stock. Their forecasts range from $42.00 to $71.00. On average, they expect Magellan Midstream Partners' stock price to reach $56.00 in the next twelve months. This suggests a possible upside of 24.8% from the stock's current price. View analysts' price targets for Magellan Midstream Partners.

Has Magellan Midstream Partners been receiving favorable news coverage?

Media headlines about MMP stock have been trending extremely negative on Tuesday, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Magellan Midstream Partners earned a daily sentiment score of -5.0 on InfoTrie's scale. They also gave media stories about the pipeline company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutMagellan Midstream Partners.

Are investors shorting Magellan Midstream Partners?

Magellan Midstream Partners saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 5,380,000 shares, a decline of 11.8% from the April 15th total of 6,100,000 shares. Based on an average trading volume of 2,270,000 shares, the short-interest ratio is presently 2.4 days. Approximately 2.4% of the company's stock are sold short. 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), Johnson & Johnson (JNJ), Verizon Communications (VZ), AbbVie (ABBV), Cisco Systems (CSCO), Exxon Mobil (XOM), Pfizer (PFE) and Kinder Morgan (KMI).

Who are Magellan Midstream Partners' key executives?

Magellan Midstream Partners' management team includes the following 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

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 institutional and retail investors. Top institutional investors include Tortoise Capital Advisors L.L.C. (5.39%), Alps Advisors Inc. (5.03%), Invesco Ltd. (4.67%), Janus Henderson Group PLC (3.40%), Harvest Fund Advisors LLC (3.29%) and UBS Group AG (2.14%). 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 major investors are selling Magellan Midstream Partners stock?

MMP stock was sold by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., Kayne Anderson Capital Advisors LP, Alps Advisors Inc., Northwestern Mutual Investment Management Company LLC, Clearbridge Investments LLC, Creative Planning, Eagle Global Advisors LLC, and Nuveen Asset Management LLC. Company insiders that have sold Magellan Midstream Partners company stock in the last year include James R Montague, and Jeff R Selvidge. View insider buying and selling activity 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 Harvest Fund Advisors LLC, Mitsubishi UFJ Trust & Banking Corp, Morgan Stanley, Janus Henderson Group PLC, Chickasaw Capital Management LLC, Invesco Ltd., HITE Hedge Asset Management LLC, and Vident Investment Advisory LLC. View insider buying and selling activity 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 $44.88.

How big of a company is Magellan Midstream Partners?

Magellan Midstream Partners has a market capitalization of $10.10 billion and generates $2.73 billion in revenue each year. The pipeline company earns $1.02 billion in net income (profit) each year or $4.76 on an earnings per share basis. Magellan Midstream Partners employs 1,884 workers across the globe.

What is Magellan Midstream Partners' official website?

The official website for Magellan Midstream Partners is 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]

This page was last updated on 5/26/2020 by MarketBeat.com Staff

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