NYSE:MMP - Magellan Midstream Partners Stock Price, News, & Analysis

Magellan Midstream Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "MMP."

Magellan Midstream Partners announced a quarterly dividend on Friday, October 26th. Shareholders of record on Wednesday, November 7th will be paid a dividend of $0.9775 per share on Wednesday, November 14th. This represents a $3.91 dividend on an annualized basis and a yield of 6.19%. The ex-dividend date is Tuesday, November 6th. This is a positive change from Magellan Midstream Partners's previous quarterly dividend of $0.96. View Magellan Midstream Partners' Dividend History.

Magellan Midstream Partners, L.P. (NYSE:MMP) posted its quarterly earnings results on Thursday, November, 1st. The pipeline company reported $1.10 EPS for the quarter, beating the Zacks' consensus estimate of $1.03 by $0.07. The pipeline company earned $638 million during the quarter, compared to analysts' expectations of $621.97 million. Magellan Midstream Partners had a net margin of 47.75% and a return on equity of 43.31%. Magellan Midstream Partners's revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 EPS. View Magellan Midstream Partners' Earnings History.

Magellan Midstream Partners is scheduled to release their next quarterly earnings announcement on Thursday, February 7th 2019. View Earnings Estimates for Magellan Midstream Partners.

Magellan Midstream Partners updated its FY 2018 earnings guidance on Thursday, November, 1st. The company provided earnings per share (EPS) guidance of $5.70-5.70 for the period, compared to the Thomson Reuters consensus estimate of $4.04. Magellan Midstream Partners also updated its Q4 guidance to $1.24 EPS.

17 equities research analysts have issued 12-month price targets for Magellan Midstream Partners' shares. Their predictions range from $66.00 to $85.00. On average, they anticipate Magellan Midstream Partners' stock price to reach $74.3333 in the next year. This suggests a possible upside of 17.7% from the stock's current price. View Analyst Price Targets for 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 sell ratings, 10 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Magellan Midstream Partners.

Headlines about MMP stock have trended somewhat negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Magellan Midstream Partners earned a news impact score of -1.7 on InfoTrie's scale. They also assigned media headlines about the pipeline company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the immediate future.

Some companies that are related to Magellan Midstream Partners include Mplx (MPLX), Plains All American Pipeline (PAA), Andeavor Logistics (ANDX), Phillips 66 Partners (PSXP), Buckeye Partners (BPL), Shell Midstream Partners (SHLX), Enbridge Energy Partners (EEP), Plains GP (PAGP), Holly Energy Partners (HEP), Valero Energy Partners (VLP), NuStar Energy (NS), BP Midstream Partners (BPMP), Noble Midstream Partners (NBLX), PBF Logistics (PBFX) and Delek Logistics Partners (DKL).

Magellan Midstream Partners' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Tortoise Capital Advisors L.L.C. (7.37%), Alps Advisors Inc. (6.40%), OppenheimerFunds Inc. (4.94%), JPMorgan Chase & Co. (1.86%), Kayne Anderson Capital Advisors LP (1.71%) and Chickasaw Capital Management LLC (1.21%). Company insiders that own Magellan Midstream Partners stock include Douglas J May, Jeff R Selvidge, Lisa J Korner and Michael N Mears. View Institutional Ownership Trends for Magellan Midstream Partners.

MMP stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, OppenheimerFunds Inc., Alps Advisors Inc., Perella Weinberg Partners Capital Management LP, Epoch Investment Partners Inc., JPMorgan Chase & Co., Renaissance Technologies LLC and Credit Suisse AG. Company insiders that have sold Magellan Midstream Partners company stock in the last year include Douglas J May, Jeff R Selvidge and Michael N Mears. View Insider Buying and Selling for Magellan Midstream Partners.

MMP stock was acquired by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., Mirae Asset Global Investments Co. Ltd., Virtus ETF Advisers LLC, Wells Fargo & Company MN, Deutsche Bank AG, MetLife Investment Advisors LLC, Commonwealth of Pennsylvania Public School Empls Retrmt SYS and Advisory Research Inc.. View Insider Buying and Selling for 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.

One share of MMP stock can currently be purchased for approximately $63.16.

Magellan Midstream Partners has a market capitalization of $13.95 billion and generates $2.51 billion in revenue each year. The pipeline company earns $869.53 million in net income (profit) each year or $3.81 on an earnings per share basis. Magellan Midstream Partners employs 1,802 workers across the globe.

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

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]