Log in

NYSE:MMPMagellan Midstream Partners Stock Price, Forecast & News

$41.02
+0.63 (+1.56 %)
(As of 07/10/2020 04:00 PM ET)
Add
Compare
Today's Range
$40.02
Now: $41.02
$41.48
50-Day Range
$40.39
MA: $44.28
$49.42
52-Week Range
$22.02
Now: $41.02
$67.75
Volume921,300 shs
Average Volume1.38 million shs
Market Capitalization$9.23 billion
P/E Ratio8.53
Dividend Yield10.18%
Beta1.05
Magellan Midstream Partners LP engages in the transportation, storage and distribution of petroleum products, such as crude oil. 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.
Read More
Magellan Midstream Partners logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.09 out of 5 stars


Industry, Sector and Symbol

Industry Pipelines, except natural gas
Sub-IndustryN/A
CUSIPN/A
Phone918-574-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.73 billion
Cash Flow$5.94 per share
Book Value$11.89 per share

Profitability

Net Income$1.02 billion

Miscellaneous

Employees1,884
Market Cap$9.23 billion
Next Earnings Date7/30/2020 (Confirmed)
OptionableOptionable

Receive MMP News and Ratings via Email

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

Magellan Midstream Partners (NYSE:MMP) Frequently Asked Questions

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 Coronavirus reached pandemic status according to the World Health Organization. Since then, MMP shares have decreased by 7.3% and is now trading at $41.02. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Magellan Midstream Partners?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last year. There are currently 2 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Magellan Midstream Partners.

When is Magellan Midstream Partners' next earnings date?

Magellan Midstream Partners is scheduled to release its next quarterly earnings announcement on Thursday, July 30th 2020. 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 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Magellan Midstream Partners' earnings last quarter?

Magellan Midstream Partners, L.P. (NYSE:MMP) posted its quarterly earnings data on Friday, May, 1st. The pipeline company reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.03 by $0.25. The pipeline company had revenue of $782.80 million for the quarter, compared to analyst estimates of $676.67 million. Magellan Midstream Partners had a net margin of 38.20% and a return on equity of 43.14%. The company's quarterly revenue was up 24.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.06 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 declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Friday, May 8th will be paid a dividend of $1.028 per share on Friday, May 15th. This represents a $4.11 dividend on an annualized basis and a dividend yield of 10.02%. The ex-dividend date is Thursday, May 7th. This is an increase from Magellan Midstream Partners's previous quarterly dividend of $1.03. View Magellan Midstream Partners' dividend history.

What price target have analysts set for MMP?

18 analysts have issued 1 year price objectives for Magellan Midstream Partners' shares. Their forecasts range from $42.00 to $69.00. On average, they expect Magellan Midstream Partners' stock price to reach $53.83 in the next year. This suggests a possible upside of 31.2% from the stock's current price. View analysts' price targets for Magellan Midstream Partners.

Has Magellan Midstream Partners been receiving favorable news coverage?

News articles about MMP stock have trended somewhat negative this week, InfoTrie Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Magellan Midstream Partners earned a news impact score of -1.2 on InfoTrie's scale. They also gave news articles about the pipeline company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news about Magellan Midstream Partners.

Are investors shorting Magellan Midstream Partners?

Magellan Midstream Partners saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 6,360,000 shares, an increase of 9.5% from the June 15th total of 5,810,000 shares. Based on an average daily volume of 1,710,000 shares, the days-to-cover ratio is currently 3.7 days. Approximately 2.9% of the company's shares are sold short. View Magellan Midstream Partners' Current Options Chain.

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), Energy Transfer LP Unit (ET), Johnson & Johnson (JNJ), Verizon Communications (VZ), AbbVie (ABBV), Cisco Systems (CSCO), Exxon Mobil (XOM), Pfizer (PFE) and Kinder Morgan (KMI).

Who are Magellan Midstream Partners' key executives?

Magellan Midstream Partners' management team includes the following people:
  • Michael N. Mears, Chairman, President & Chief Executive Officer
  • Melanie A. Little, Senior Vice President-Operations
  • Aaron L. Milford, Senior VP, Chief Financial & Accounting Officer
  • Larry J. Davied, Senior Vice President-Technical Services
  • Douglas J. May, SVP, General Counsel, Compliance & Ethics Officer

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 many different retail and institutional investors. Top institutional investors include Spirit of America Management Corp NY (0.12%), Walnut Private Equity Partners LLC (0.11%), Cottage Street Advisors LLC (0.04%), Envestnet Asset Management Inc. (0.04%), Cypress Capital Group (0.01%) and Carnegie Capital Asset Management LLC (0.01%). Company insiders that own Magellan Midstream Partners stock include Chansoo Joung, Douglas J May, James R Montague, Jeff R Selvidge, Lisa J Korner, Michael N Mears and Robert G Croyle. 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 Cottage Street Advisors LLC, Bogart Wealth LLC, Patriot Financial Group Insurance Agency LLC, Spirit of America Management Corp NY, Carnegie Capital Asset Management LLC, Private Trust Co. NA, Red Door Wealth Management LLC, and SL Advisors LLC. Company insiders that have sold Magellan Midstream Partners company stock in the last year include James R Montague, and Jeff R Selvidge. View insider buying and selling activity for Magellan Midstream Partners.

Which institutional investors are buying Magellan Midstream Partners stock?

MMP stock was purchased by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Birch Capital Management LLC, Groesbeck Investment Management Corp NJ, Walnut Private Equity Partners LLC, and Carroll Financial Associates Inc.. View insider buying and selling activity for Magellan Midstream Partners.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Magellan Midstream Partners' stock price today?

One share of MMP stock can currently be purchased for approximately $41.02.

How big of a company is Magellan Midstream Partners?

Magellan Midstream Partners has a market capitalization of $9.23 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. Magellan Midstream Partners employs 1,884 workers across the globe.

What is Magellan Midstream Partners' official website?

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

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 7/11/2020 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

  • Best-in-Class Portfolio Monitoring

    View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

  • Stock Ideas and Recommendations

    Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

  • Advanced Stock Screeners and Research Tools

    Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.