S&P 500   4,109.31 (+1.44%)
DOW   33,274.15 (+1.26%)
QQQ   320.93 (+1.66%)
AAPL   164.90 (+1.56%)
MSFT   288.30 (+1.50%)
META   211.94 (+1.97%)
GOOGL   103.73 (+2.81%)
AMZN   103.29 (+1.26%)
TSLA   207.46 (+6.24%)
NVDA   277.77 (+1.44%)
NIO   10.51 (+0.48%)
BABA   102.18 (-1.16%)
AMD   98.01 (+0.13%)
T   19.25 (+0.89%)
F   12.60 (+2.52%)
MU   60.34 (-4.36%)
CGC   1.75 (-0.57%)
GE   95.60 (+1.65%)
DIS   100.13 (+2.07%)
AMC   5.01 (+0.80%)
PFE   40.80 (+1.04%)
PYPL   75.94 (+2.08%)
NFLX   345.48 (+2.08%)
S&P 500   4,109.31 (+1.44%)
DOW   33,274.15 (+1.26%)
QQQ   320.93 (+1.66%)
AAPL   164.90 (+1.56%)
MSFT   288.30 (+1.50%)
META   211.94 (+1.97%)
GOOGL   103.73 (+2.81%)
AMZN   103.29 (+1.26%)
TSLA   207.46 (+6.24%)
NVDA   277.77 (+1.44%)
NIO   10.51 (+0.48%)
BABA   102.18 (-1.16%)
AMD   98.01 (+0.13%)
T   19.25 (+0.89%)
F   12.60 (+2.52%)
MU   60.34 (-4.36%)
CGC   1.75 (-0.57%)
GE   95.60 (+1.65%)
DIS   100.13 (+2.07%)
AMC   5.01 (+0.80%)
PFE   40.80 (+1.04%)
PYPL   75.94 (+2.08%)
NFLX   345.48 (+2.08%)
S&P 500   4,109.31 (+1.44%)
DOW   33,274.15 (+1.26%)
QQQ   320.93 (+1.66%)
AAPL   164.90 (+1.56%)
MSFT   288.30 (+1.50%)
META   211.94 (+1.97%)
GOOGL   103.73 (+2.81%)
AMZN   103.29 (+1.26%)
TSLA   207.46 (+6.24%)
NVDA   277.77 (+1.44%)
NIO   10.51 (+0.48%)
BABA   102.18 (-1.16%)
AMD   98.01 (+0.13%)
T   19.25 (+0.89%)
F   12.60 (+2.52%)
MU   60.34 (-4.36%)
CGC   1.75 (-0.57%)
GE   95.60 (+1.65%)
DIS   100.13 (+2.07%)
AMC   5.01 (+0.80%)
PFE   40.80 (+1.04%)
PYPL   75.94 (+2.08%)
NFLX   345.48 (+2.08%)
S&P 500   4,109.31 (+1.44%)
DOW   33,274.15 (+1.26%)
QQQ   320.93 (+1.66%)
AAPL   164.90 (+1.56%)
MSFT   288.30 (+1.50%)
META   211.94 (+1.97%)
GOOGL   103.73 (+2.81%)
AMZN   103.29 (+1.26%)
TSLA   207.46 (+6.24%)
NVDA   277.77 (+1.44%)
NIO   10.51 (+0.48%)
BABA   102.18 (-1.16%)
AMD   98.01 (+0.13%)
T   19.25 (+0.89%)
F   12.60 (+2.52%)
MU   60.34 (-4.36%)
CGC   1.75 (-0.57%)
GE   95.60 (+1.65%)
DIS   100.13 (+2.07%)
AMC   5.01 (+0.80%)
PFE   40.80 (+1.04%)
PYPL   75.94 (+2.08%)
NFLX   345.48 (+2.08%)
NYSE:MMP

Magellan Midstream Partners - MMP Stock Forecast, Price & News

$54.26
-0.08 (-0.15%)
(As of 03/31/2023 12:00 AM ET)
Add
Compare
Today's Range
$54.16
$54.62
50-Day Range
$50.89
$54.70
52-Week Range
$44.79
$60.55
Volume
1.06 million shs
Average Volume
866,479 shs
Market Capitalization
$11.03 billion
P/E Ratio
10.96
Dividend Yield
7.72%
Price Target
$56.27

Magellan Midstream Partners MarketRank™ Forecast

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
3.7% Upside
$56.27 Price Target
Short Interest
Bearish
3.46% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.33mentions of Magellan Midstream Partners in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.47%
From $4.68 to $5.17 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.30 out of 5 stars

Oils/Energy Sector

121st out of 244 stocks

Pipelines, Except Natural Gas Industry

6th out of 11 stocks


MMP stock logo

About Magellan Midstream Partners (NYSE:MMP) Stock

Magellan Midstream Partners LP engages in the transportation, storage, and distribution of petroleum products and crude oil. It operates through the following segments: Refined Products and Crude Oil. The Refined Products segment consists of an approximately 9,800-mile refined petroleum products pipeline system with 54 terminals and two marine storage terminals. The Crude Oil segment has approximately 2,200 miles of crude oil pipelines, a condensate splitter, and 39 million barrels of aggregate storage capacity, of which approximately 29 million barrels are used for contract storage. The company was founded in August 2000 and is headquartered in Tulsa, OK.

Receive MMP Stock 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.

MMP Stock News Headlines

Here’s Your Own Billion-Dollar Trading Edge (Just $0.76 a Week)
2023 is a classic “stock picker’s market.” The only way to beat these markets is to pick the right stocks at the right time. Legendary trader Adam Mesh is ready to hand you his best stock pick every week… It’s the same kind of research Wall Street’s top traders use to beat the markets. Click here to get his three top picks for right now to help get you started now. pixel
Barclays Keeps Their Buy Rating on Magellan Midstream (MMP)
Magellan's (MMP) Q4 Earnings Miss Estimates, Revenues Beat
Here’s Your Own Billion-Dollar Trading Edge (Just $0.76 a Week)
2023 is a classic “stock picker’s market.” The only way to beat these markets is to pick the right stocks at the right time. Legendary trader Adam Mesh is ready to hand you his best stock pick every week… It’s the same kind of research Wall Street’s top traders use to beat the markets. Click here to get his three top picks for right now to help get you started now. pixel
Magellan Midstream Partners Declares $1.05 Dividend
Analyst Expectations for Magellan Midstream's Future
See More Headlines
Receive MMP Stock 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.

MMP Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 2/14 Dividend
2/06/2023
Dividend Payable
2/14/2023
Today
3/31/2023
Next Earnings (Estimated)
5/04/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Pipelines, except natural gas
Sub-Industry
N/A
Employees
1,655
Year Founded
2000

Price Target and Rating

Average Stock Price Forecast
$56.27
High Stock Price Forecast
$59.00
Low Stock Price Forecast
$49.00
Forecasted Upside/Downside
+3.7%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
11 Analysts

Profitability

Net Income
$1.04 billion
Pretax Margin
26.93%

Debt

Sales & Book Value

Annual Sales
$3.20 billion
Cash Flow
$6.24 per share
Book Value
$8.22 per share

Miscellaneous

Free Float
202,643,000
Market Cap
$11.03 billion
Optionable
Optionable
Beta
0.92

Social Links


Key Executives

  • Aaron L. Milford
    President, Chief Executive Officer & Director
  • James R Hoskin
    Senior Vice President -Operations
  • Jeffrey L. Holman
    Chief Financial Officer, Treasurer & Executive VP
  • Michael C. Pearson
    Senior Vice President-Technical Services
  • Douglas J. May
    SVP, General Counsel, Compliance & Ethics Officer













MMP Stock - Frequently Asked Questions

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

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last year. There are currently 2 sell ratings, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MMP shares. 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 MMP analyst ratings
or view top-rated stocks.

What is Magellan Midstream Partners' stock price forecast for 2023?

11 brokers have issued 12 month price targets for Magellan Midstream Partners' shares. Their MMP share price forecasts range from $49.00 to $59.00. On average, they predict the company's stock price to reach $56.27 in the next year. This suggests a possible upside of 3.7% from the stock's current price.
View analysts price targets for MMP
or view top-rated stocks among Wall Street analysts.

How have MMP shares performed in 2023?

Magellan Midstream Partners' stock was trading at $50.21 at the start of the year. Since then, MMP stock has increased by 8.1% and is now trading at $54.26.
View the best growth stocks for 2023 here
.

Are investors shorting Magellan Midstream Partners?

Magellan Midstream Partners saw a decline in short interest in February. As of February 15th, there was short interest totaling 6,640,000 shares, a decline of 19.6% from the January 31st total of 8,260,000 shares. Based on an average daily trading volume, of 863,600 shares, the short-interest ratio is currently 7.7 days. Currently, 3.3% of the shares of the company are sold short.
View Magellan Midstream Partners' Short Interest
.

When is Magellan Midstream Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our MMP earnings forecast
.

How were Magellan Midstream Partners' earnings last quarter?

Magellan Midstream Partners, L.P. (NYSE:MMP) issued its quarterly earnings results on Tuesday, November, 2nd. The pipeline company reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.12. The pipeline company earned $639.05 million during the quarter, compared to analyst estimates of $648.14 million. Magellan Midstream Partners had a net margin of 32.38% and a trailing twelve-month return on equity of 54.53%. During the same quarter in the previous year, the company earned $0.97 EPS.

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 Tuesday, January 24th. Shareholders of record on Tuesday, February 7th will be given a dividend of $1.048 per share on Tuesday, February 14th. This represents a $4.19 dividend on an annualized basis and a yield of 7.73%. The ex-dividend date is Monday, February 6th. This is a boost from the stock's previous quarterly dividend of $1.05.
Read our dividend analysis for MMP
.

Is Magellan Midstream Partners a good dividend stock?

Magellan Midstream Partners (NYSE:MMP) pays an annual dividend of $4.19 per share and currently has a dividend yield of 7.92%. MMP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company 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 is 84.65%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, MMP will have a dividend payout ratio of 81.04% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for MMP.

What guidance has Magellan Midstream Partners issued on next quarter's earnings?

Magellan Midstream Partners updated its first quarter 2023 earnings guidance on Thursday, February, 2nd. The company provided earnings per share guidance of $1.20-$1.20 for the period, compared to the consensus estimate of $1.24. The company issued revenue guidance of -.

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

27 employees have rated Magellan Midstream Partners Chief Executive Officer Michael N. Mears on Glassdoor.com. Michael N. Mears has an approval rating of 85% among the company's 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 Moneta Group Investment Advisors LLC (24.79%), Alps Advisors Inc. (6.43%), Energy Income Partners LLC (3.23%), Morgan Stanley (2.13%), Tortoise Capital Advisors L.L.C. (1.79%) and Cottage Street Advisors LLC (1.71%). Insiders that own company stock include Chansoo Joung, James R Montague, Jung Jennifer Fall, Lisa J Korner and Melanie A Little.
View institutional ownership trends
.

How do I buy shares of Magellan Midstream Partners?

Shares of MMP stock 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 $54.26.

How much money does Magellan Midstream Partners make?

Magellan Midstream Partners (NYSE:MMP) has a market capitalization of $11.03 billion and generates $3.20 billion in revenue each year. The pipeline company earns $1.04 billion in net income (profit) each year or $4.95 on an earnings per share basis.

How many employees does Magellan Midstream Partners have?

The company employs 1,655 workers across the globe.

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 the company 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 3/31/2023 by MarketBeat.com Staff