S&P 500   4,448.51 (-0.16%)
DOW   34,962.76 (+0.47%)
QQQ   369.14 (-1.12%)
AAPL   144.82 (-1.43%)
MSFT   293.49 (-1.96%)
FB   350.84 (-0.60%)
GOOGL   2,820.64 (-0.83%)
TSLA   790.87 (+2.13%)
AMZN   3,372.62 (-1.54%)
NVDA   215.16 (-2.56%)
BABA   148.26 (+2.19%)
NIO   36.19 (+2.29%)
CGC   14.70 (+5.68%)
GE   105.99 (+2.11%)
MU   74.88 (+1.12%)
AMD   107.05 (+1.18%)
T   27.59 (+1.70%)
F   14.21 (+3.12%)
ACB   6.38 (+7.23%)
DIS   178.67 (+1.52%)
PFE   43.78 (-0.36%)
BA   226.27 (+2.20%)
BAC   43.26 (+2.66%)
S&P 500   4,448.51 (-0.16%)
DOW   34,962.76 (+0.47%)
QQQ   369.14 (-1.12%)
AAPL   144.82 (-1.43%)
MSFT   293.49 (-1.96%)
FB   350.84 (-0.60%)
GOOGL   2,820.64 (-0.83%)
TSLA   790.87 (+2.13%)
AMZN   3,372.62 (-1.54%)
NVDA   215.16 (-2.56%)
BABA   148.26 (+2.19%)
NIO   36.19 (+2.29%)
CGC   14.70 (+5.68%)
GE   105.99 (+2.11%)
MU   74.88 (+1.12%)
AMD   107.05 (+1.18%)
T   27.59 (+1.70%)
F   14.21 (+3.12%)
ACB   6.38 (+7.23%)
DIS   178.67 (+1.52%)
PFE   43.78 (-0.36%)
BA   226.27 (+2.20%)
BAC   43.26 (+2.66%)
S&P 500   4,448.51 (-0.16%)
DOW   34,962.76 (+0.47%)
QQQ   369.14 (-1.12%)
AAPL   144.82 (-1.43%)
MSFT   293.49 (-1.96%)
FB   350.84 (-0.60%)
GOOGL   2,820.64 (-0.83%)
TSLA   790.87 (+2.13%)
AMZN   3,372.62 (-1.54%)
NVDA   215.16 (-2.56%)
BABA   148.26 (+2.19%)
NIO   36.19 (+2.29%)
CGC   14.70 (+5.68%)
GE   105.99 (+2.11%)
MU   74.88 (+1.12%)
AMD   107.05 (+1.18%)
T   27.59 (+1.70%)
F   14.21 (+3.12%)
ACB   6.38 (+7.23%)
DIS   178.67 (+1.52%)
PFE   43.78 (-0.36%)
BA   226.27 (+2.20%)
BAC   43.26 (+2.66%)
S&P 500   4,448.51 (-0.16%)
DOW   34,962.76 (+0.47%)
QQQ   369.14 (-1.12%)
AAPL   144.82 (-1.43%)
MSFT   293.49 (-1.96%)
FB   350.84 (-0.60%)
GOOGL   2,820.64 (-0.83%)
TSLA   790.87 (+2.13%)
AMZN   3,372.62 (-1.54%)
NVDA   215.16 (-2.56%)
BABA   148.26 (+2.19%)
NIO   36.19 (+2.29%)
CGC   14.70 (+5.68%)
GE   105.99 (+2.11%)
MU   74.88 (+1.12%)
AMD   107.05 (+1.18%)
T   27.59 (+1.70%)
F   14.21 (+3.12%)
ACB   6.38 (+7.23%)
DIS   178.67 (+1.52%)
PFE   43.78 (-0.36%)
BA   226.27 (+2.20%)
BAC   43.26 (+2.66%)
NYSE:MMP

Magellan Midstream Partners Stock Forecast, Price & News

$47.88
+1.68 (+3.64 %)
(As of 09/27/2021 12:09 PM ET)
Add
Compare
Today's Range
$46.99
$47.96
50-Day Range
$45.18
$50.00
52-Week Range
$32.61
$53.85
Volume38,223 shs
Average Volume1.35 million shs
Market Capitalization$10.61 billion
P/E Ratio11.94
Dividend Yield8.90%
Beta1.13
30 days | 90 days | 365 days | Advanced Chart
Receive MMP News and Ratings via Email

Sign-up to receive the latest news and ratings for Magellan Midstream Partners and its competitors with MarketBeat's FREE daily newsletter.


Magellan Midstream Partners logo

About Magellan Midstream Partners

Magellan Midstream Partners LP engages in the transportation, storage and distribution of petroleum products. 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.

Headlines

See More Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

Social Links


MarketRank

Overall MarketRank

1.95 out of 5 stars

Oils/Energy Sector

145th out of 345 stocks

Pipelines, Except Natural Gas Industry

12th out of 20 stocks

Analyst Opinion: 1.1Community Rank: 4.3Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -
speech bubbles
speech bubbles











Magellan Midstream Partners (NYSE:MMP) Frequently Asked Questions

Is Magellan Midstream Partners a buy right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last twelve months. There are currently 11 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.
View analyst ratings for Magellan Midstream Partners
or view top-rated stocks.

What stocks does MarketBeat like better than Magellan Midstream Partners?

Wall Street analysts have given Magellan Midstream Partners a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Magellan Midstream Partners wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Magellan Midstream Partners?

Magellan Midstream Partners saw a increase in short interest in the month of August. As of August 13th, there was short interest totaling 9,960,000 shares, an increase of 28.7% from the July 29th total of 7,740,000 shares. Based on an average daily trading volume, of 1,080,000 shares, the days-to-cover ratio is currently 9.2 days. Currently, 4.6% of the shares of the company are short sold.
View Magellan Midstream Partners' Short Interest
.

When is Magellan Midstream Partners' next earnings date?

Magellan Midstream Partners is scheduled to release its next quarterly earnings announcement on Friday, October 29th 2021.
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 Thursday, July, 29th. The pipeline company reported $1.26 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.02 by $0.24. The pipeline company had revenue of $653.64 million for the quarter, compared to analysts' expectations of $561.73 million. Magellan Midstream Partners had a trailing twelve-month return on equity of 42.25% and a net margin of 35.90%.
View Magellan Midstream Partners' earnings history
.

How has Magellan Midstream Partners' stock been impacted by 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 8.0% and is now trading at $47.80.
View which stocks have been most impacted by COVID-19
.

How often does Magellan Midstream Partners pay dividends? What is the dividend yield for Magellan Midstream Partners?

Magellan Midstream Partners declared a quarterly dividend on Friday, July 23rd. Shareholders of record on Friday, August 6th will be paid a dividend of $1.0275 per share on Friday, August 13th. This represents a $4.11 dividend on an annualized basis and a yield of 8.60%. The ex-dividend date is Thursday, August 5th.
View Magellan Midstream Partners' dividend history
.

Is Magellan Midstream Partners a good dividend stock?

Magellan Midstream Partners pays an annual dividend of $4.11 per share and currently has a dividend yield of 8.90%. MMP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Magellan Midstream Partners does not yet have a strong track record of dividend growth. The dividend payout ratio of Magellan Midstream Partners is 107.03%. 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 98.09% in the coming year. This indicates that Magellan Midstream Partners may not be able to sustain their current dividend.
View Magellan Midstream Partners' dividend history.

What price target have analysts set for MMP?

15 brokers have issued 1 year target prices for Magellan Midstream Partners' stock. Their forecasts range from $42.00 to $54.00. On average, they expect Magellan Midstream Partners' share price to reach $48.93 in the next year. This suggests a possible upside of 2.4% from the stock's current price.
View analysts' price targets for Magellan Midstream Partners
or view top-rated stocks among Wall Street analysts.

Who are Magellan Midstream Partners' key executives?

Magellan Midstream Partners' management team includes the following people:
  • Michael N. Mears, Chairman, President & Chief Executive Officer
  • Aaron L. Milford, Chief Operating Officer
  • Jeffrey Holman, CFO, Treasurer & Senior Vice President
  • Michael C. Pearson, Senior Vice President-Technical Services
  • Douglas J. May, SVP, General Counsel, Compliance & Ethics Officer

What is Michael N. Mears' approval rating as Magellan Midstream Partners' CEO?

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.

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), Verizon Communications (VZ), Johnson & Johnson (JNJ), Energy Transfer (ET), AbbVie (ABBV), Cisco Systems (CSCO), Pfizer (PFE), Exxon Mobil (XOM) and Chevron (CVX).

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 retail and institutional investors. Top institutional shareholders include Invesco Ltd. (5.40%), Tortoise Capital Advisors L.L.C. (3.14%), Goldman Sachs Group Inc. (2.75%), First Trust Advisors LP (2.67%), Morgan Stanley (2.49%) and Morgan Stanley (2.49%). Company insiders that own Magellan Midstream Partners stock include Chansoo Joung, James R Montague, Jeff R Selvidge, Jung Jennifer Fall and Lisa J Korner.
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 Natixis, Mitsubishi UFJ Trust & Banking Corp, Tortoise Capital Advisors L.L.C., Credit Suisse AG, Goldman Sachs Group Inc., Morgan Stanley, Morgan Stanley, and Brookfield Asset Management Inc.. Company insiders that have sold Magellan Midstream Partners company stock in the last year include Jung Jennifer Fall, and Lisa J Korner.
View insider buying and selling activity for Magellan Midstream Partners
or view top insider-selling stocks.

Which institutional investors are buying Magellan Midstream Partners stock?

MMP stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Blackstone Inc, Schonfeld Strategic Advisors LLC, Deutsche Bank AG, Allianz Asset Management GmbH, Citigroup Inc., Eagle Global Advisors LLC, and Morningstar Investment Management LLC.
View insider buying and selling activity for Magellan Midstream Partners
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Magellan Midstream Partners' stock price today?

One share of MMP stock can currently be purchased for approximately $47.80.

How much money does Magellan Midstream Partners make?

Magellan Midstream Partners has a market capitalization of $10.59 billion and generates $2.43 billion in revenue each year. The pipeline company earns $816.97 million in net income (profit) each year or $3.84 on an earnings per share basis.

How many employees does Magellan Midstream Partners have?

Magellan Midstream Partners employs 1,720 workers across the globe.

When was Magellan Midstream Partners founded?

Magellan Midstream Partners was founded in 2000.

What is Magellan Midstream Partners' official website?

The official website for Magellan Midstream Partners is www.magellanlp.com.

Where are Magellan Midstream Partners' headquarters?

Magellan Midstream Partners is headquartered at One Williams Center P.O. Box 22186, TULSA OK, 74121.

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 9/27/2021 by MarketBeat.com Staff

Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.