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S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
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Magellan Midstream Partners Stock Forecast, Price & News

-0.91 (-2.14 %)
(As of 02/26/2021 12:00 AM ET)
Today's Range
Now: $41.67
50-Day Range
MA: $43.53
52-Week Range
Now: $41.67
Volume1.59 million shs
Average Volume1.72 million shs
Market Capitalization$9.30 billion
P/E Ratio10.31
Dividend Yield9.65%
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, 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, 2019, it had 9,800-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 35 million barrels; and 6 marine terminals with an aggregate storage capacity of approximately 31 million barrels. Magellan Midstream Partners, L.P. was founded in 2000 and is headquartered in Tulsa, Oklahoma.
Magellan Midstream Partners logo

Industry, Sector and Symbol

Industry Pipelines, except natural gas
Year FoundedN/A



Sales & Book Value

Annual Sales$2.73 billion
Cash Flow$5.29 per share
Book Value$11.89 per share


Net Income$1.02 billion


Market Cap$9.30 billion
Next Earnings Date5/7/2021 (Estimated)


Overall MarketRank

2.01 out of 5 stars

Oils/Energy Sector

45th out of 668 stocks

Pipelines, Except Natural Gas Industry

6th out of 19 stocks

Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -
-0.91 (-2.14 %)
(As of 02/26/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Magellan Midstream Partners (NYSE:MMP) Frequently Asked Questions

Is Magellan Midstream Partners a buy right now?

22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Magellan Midstream Partners stock.
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 "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Magellan Midstream Partners wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Magellan Midstream Partners' next earnings date?

Magellan Midstream Partners is scheduled to release its next quarterly earnings announcement on Friday, May 7th 2021.
View our earnings forecast for Magellan Midstream Partners

How were Magellan Midstream Partners' earnings last quarter?

Magellan Midstream Partners, L.P. (NYSE:MMP) posted its quarterly earnings data on Tuesday, February, 2nd. The pipeline company reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.10. The pipeline company had revenue of $586.30 million for the quarter, compared to analyst estimates of $643.24 million. Magellan Midstream Partners had a net margin of 35.61% and a trailing twelve-month return on equity of 37.91%. The firm's revenue was down 20.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.37 EPS.
View Magellan Midstream Partners' earnings history

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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MMP shares have decreased by 5.8% and is now trading at $41.67.
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 announced a quarterly dividend on Wednesday, January 27th. Stockholders of record on Friday, February 5th will be given a dividend of $1.0275 per share on Friday, February 12th. This represents a $4.11 dividend on an annualized basis and a dividend yield of 9.86%. The ex-dividend date of this dividend is Thursday, February 4th.
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 9.65%. 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 strock track record of dividend growth. The dividend payout ratio of Magellan Midstream Partners is 86.34%. 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 105.12% 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 guidance has Magellan Midstream Partners issued on next quarter's earnings?

Magellan Midstream Partners updated its FY 2021 Pre-Market earnings guidance on Tuesday, February, 2nd. The company provided EPS guidance of 3.55-3.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.91.

What price target have analysts set for MMP?

22 analysts have issued 12 month price targets for Magellan Midstream Partners' shares. Their forecasts range from $44.00 to $59.00. On average, they anticipate Magellan Midstream Partners' share price to reach $50.05 in the next year. This suggests a possible upside of 20.1% 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:
  • Mr. Michael N. Mears, Chairman, Pres & CEO of Magellan GP LLC (Age 58, Pay $2.17M)
  • Mr. Jeffrey L. Holman, Sr. VP, CFO & Treasurer of Magellan GP LLC (Age 50, Pay $862.49k)
  • Mr. Aaron L. Milford, Chief Operating Officer of Magellan GP LLC (Age 47, Pay $1.13M)
  • Ms. Lisa J. Korner, Sr. VP of HR & Admin. - Magellan GP LLC (Age 60, Pay $743.71k)
  • Mr. Douglas J. May, Sr. VP, Gen. Counsel, Compliance & Ethics Officer and Asst. Sec. of Magellan GP LLC (Age 50, Pay $769.84k)
  • Mr. Michael C. Pearson, Sr. VP of Technical Services - Magellan GP LLC (Age 58)
  • Ms. Paula Farrell, Associate VP of Investor Relations, Magellan GP LLC
  • Mr. Robert L. Barnes, Sr. VP of Commercial for Crude Oil - Magellan GP LLC (Age 56)
  • Mr. Michael J. Aaronson, Sr. VP of Bus. Devel. - Magellan GP LLC (Age 46)
  • Ms. Melanie A. Little, Sr. VP of Operations & EHS&S- Magellan GP LLC (Age 51)

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.

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), 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 institutional and retail investors. Top institutional shareholders include Morgan Stanley (2.03%), Chickasaw Capital Management LLC (1.97%), Clearbridge Investments LLC (1.23%), Brookfield Asset Management Inc. (1.23%), JPMorgan Chase & Co. (1.12%) and Kayne Anderson Capital Advisors LP (1.10%). Company insiders that own Magellan Midstream Partners stock include Chansoo Joung, James R Montague and Jeff R Selvidge.
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 Morgan Stanley, Miller Howard Investments Inc. NY, Morningstar Investment Services LLC, Dearborn Partners LLC, Locust Wood Capital Advisers LLC, Bollard Group LLC, Kayne Anderson Capital Advisors LP, and Eagle Global Advisors LLC.
View insider buying and selling activity for Magellan Midstream Partners
or view top insider-selling stocks.

Which major investors are buying Magellan Midstream Partners stock?

MMP stock was bought by a variety of institutional investors in the last quarter, including Chickasaw Capital Management LLC, Clearbridge Investments LLC, Epoch Investment Partners Inc., ING Groep NV, Infrastructure Capital Advisors LLC, JPMorgan Chase & Co., Russell Investments Group Ltd., and Allegiant Private Advisors 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 $41.67.

How much money does Magellan Midstream Partners make?

Magellan Midstream Partners has a market capitalization of $9.30 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.

How many employees does Magellan Midstream Partners have?

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

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 2/28/2021 by MarketBeat.com Staff

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