S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13

Magellan Midstream Partners Stock Forecast, Price & News

+0.42 (+0.88%)
(As of 07/1/2022 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
859,557 shs
Average Volume
1.25 million shs
Market Capitalization
$10.19 billion
P/E Ratio
Dividend Yield
Price Target

Magellan Midstream Partners MarketRank™ Forecast

Analyst Rating
2.18 Rating Score
10.2% Upside
$53.09 Price Target
Short Interest
3.52% of Shares Sold Short
Dividend Strength
Based on Four Factors
News Sentiment
0.20mentions of Magellan Midstream Partners in the last 14 days
Based on 3 Articles This Week
Insider Trading
Proj. Earnings Growth
From $4.04 to $4.65 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.55 out of 5 stars

Oils/Energy Sector

22nd out of 374 stocks

Pipelines, Except Natural Gas Industry

2nd out of 19 stocks

30 days | 90 days | 365 days | Advanced Chart

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Magellan Midstream Partners logo

About Magellan Midstream Partners (NYSE:MMP) Stock

Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. It operates through Refined Products and Crude Oil segments. The company operates refined products pipeline that transports gasoline, diesel fuel, aviation fuel, kerosene, and heating oil to wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; and to end markets, including retail gasoline stations, truck stops, farm cooperatives, railroad fueling depots, military bases, and commercial airports. Further, it provides pipeline capacity and tank storage services, as well as terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services to shippers. In addition, the company owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide design, installation, construction, testing, operation, replacement, and management of assets to refiners, marketers, and traders. As of December 31, 2021, it had 9,800-mile refined products pipeline system with 54 terminals; approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 39 million barrels; and two marine terminals. The company was incorporated in 2000 and is headquartered in Tulsa, Oklahoma.

MMP Stock News Headlines

What 7 Analyst Ratings Have To Say About Magellan Midstream
Expert Ratings for Magellan Midstream
See More Headlines

Industry, Sector and Symbol

Pipelines, except natural gas
Year Founded

Company Calendar

Ex-Dividend for 5/13 Dividend
Last Earnings
Dividend Payable
Next Earnings (Confirmed)
Fiscal Year End

Price Target and Rating

Average Stock Price Forecast
High Stock Price Forecast
Low Stock Price Forecast
Forecasted Upside/Downside
Consensus Rating
Rating Score (0-4)
Research Coverage
11 Analysts


Net Income
$982 million
Pretax Margin


Sales & Book Value

Annual Sales
$2.73 billion
Cash Flow
$6.04 per share
Book Value
$8.94 per share


Free Float
Market Cap
$10.19 billion

Social Links

Magellan Midstream Partners Frequently Asked Questions

Should I buy or sell Magellan Midstream Partners stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last twelve months. There are currently 2 sell ratings, 5 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 is Magellan Midstream Partners' stock price forecast for 2022?

11 brokers have issued twelve-month target prices for Magellan Midstream Partners' shares. Their MMP stock forecasts range from $49.00 to $59.00. On average, they anticipate Magellan Midstream Partners' stock price to reach $53.09 in the next twelve months. This suggests a possible upside of 10.2% from the stock's current price.
View analysts' price targets for Magellan Midstream Partners
or view top-rated stocks among Wall Street analysts.

How has Magellan Midstream Partners' stock performed in 2022?

Magellan Midstream Partners' stock was trading at $46.44 at the start of the year. Since then, MMP shares have increased by 3.7% and is now trading at $48.18.
View the best growth stocks for 2022 here

When is Magellan Midstream Partners' next earnings date?

Magellan Midstream Partners is scheduled to release its next quarterly earnings announcement on Thursday, July 28th 2022.
View our earnings forecast for Magellan Midstream Partners

How can I listen to Magellan Midstream Partners' earnings call?

Magellan Midstream Partners will be holding an earnings conference call on Thursday, July 28th at 1:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Magellan Midstream Partners' earnings last quarter?

Magellan Midstream Partners, L.P. (NYSE:MMP) released its quarterly earnings data on Thursday, May, 5th. The pipeline company reported $1.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.03. The pipeline company had revenue of $631.10 million for the quarter, compared to analyst estimates of $704.74 million. Magellan Midstream Partners had a net margin of 33.36% and a trailing twelve-month return on equity of 51.92%. The firm's revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 earnings per share.
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 Friday, April 22nd. Stockholders of record on Monday, May 2nd will be given a dividend of $1.0375 per share on Friday, May 13th. This represents a $4.15 dividend on an annualized basis and a dividend yield of 8.61%. The ex-dividend date of this dividend is Friday, April 29th.
View Magellan Midstream Partners' dividend history

Is Magellan Midstream Partners a good dividend stock?

Magellan Midstream Partners(NYSE:MMP) pays an annual dividend of $4.15 per share and currently has a dividend yield of 8.61%. MMP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Magellan Midstream Partners has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Magellan Midstream Partners is 97.42%. 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 89.25% 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 second quarter 2022 earnings guidance on Monday, May, 23rd. The company provided EPS guidance of $1.12-$1.12 for the period, compared to the consensus EPS estimate of $1.01. The company issued revenue guidance of -.

Who are Magellan Midstream Partners' key executives?

Magellan Midstream Partners' management team includes the following people:
  • Mr. Aaron L. Milford, Pres, CEO & Director of Magellan GP LLC (Age 48, Pay $1.71M)
  • Mr. Jeffrey L. Holman, Principal Accounting Officer, Exec. VP, CFO & Treasurer (Age 51, Pay $1.33M)
  • Ms. Melanie A. Little, Exec. VP & Chief Operating Officer (Age 52, Pay $1.22M) (LinkedIn Profile)
  • Mr. Douglas J. May, Sr. VP, Gen. Counsel and Compliance & Ethics Officer of Magellan GP LLC (Age 51, Pay $1.07M)
  • Mr. Michael C. Pearson, Sr. VP of Technical Services - Magellan GP LLC (Age 59)
  • Ms. Lisa J. Korner, Sr. VP of HR & Admin. (Age 61)
  • 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 57)
  • Mr. Michael J. Aaronson, Exec. VP & Chief Commercial Officer (Age 47)
  • Mr. Mark B. Roles, Sr. VP of Commercial & Refined Products - Magellan GP LLC (Age 47)

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."

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 $48.18.

How much money does Magellan Midstream Partners make?

Magellan Midstream Partners (NYSE:MMP) has a market capitalization of $10.19 billion and generates $2.73 billion in revenue each year. The pipeline company earns $982 million in net income (profit) each year or $4.26 on an earnings per share basis.

How many employees does Magellan Midstream Partners have?

Magellan Midstream Partners employs 1,715 workers across the globe.

When was Magellan Midstream Partners founded?

Magellan Midstream Partners was founded in 2000.

How can I contact Magellan Midstream Partners?

Magellan Midstream Partners' mailing address is One Williams Center P.O. Box 22186, TULSA OK, 74121. The official website for Magellan Midstream Partners is www.magellanlp.com. The pipeline company can be reached via phone at (918) 574-7000, via email at paula.farrell@magellanlp.com, or via fax at 302-655-5049.

This page (NYSE:MMP) was last updated on 7/3/2022 by MarketBeat.com Staff

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