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NYSE:MMP

Magellan Midstream Partners - MMP Stock Forecast, Price & News

$50.82
-0.83 (-1.61%)
(As of 12/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$50.07
$51.88
50-Day Range
$46.50
$53.95
52-Week Range
$43.58
$54.40
Volume
576,100 shs
Average Volume
1.04 million shs
Market Capitalization
$10.41 billion
P/E Ratio
9.81
Dividend Yield
8.11%
Price Target
$54.55

Magellan Midstream Partners MarketRank™ Forecast

Analyst Rating
Hold
2.18 Rating Score
Upside/​Downside
7.3% Upside
$54.55 Price Target
Short Interest
Bearish
4.27% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.25mentions of Magellan Midstream Partners in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$154,520 Sold Last Quarter
Proj. Earnings Growth
-4.84%
From $5.16 to $4.91 Per Share

Overall MarketRank

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

1.90 out of 5 stars

Oils/Energy Sector

183rd out of 246 stocks

Pipelines, Except Natural Gas Industry

9th out of 13 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. 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 consists of 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.

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MMP Stock News Headlines

3 Natural Gas Stocks That Offer Great Dividend Yields (MMP)
This article highlights three top midstream companies for investors to consider. Each offers a healthy dividend and a chance for some share price appreciation
Why Is Oneok (OKE) Up 13.3% Since Last Earnings Report?
Analyst Ratings for Magellan Midstream
5 Analysts Have This to Say About Magellan Midstream
RPC's (RES) Earnings and Revenues Outpace Estimates in Q3
1 Energy Stock That Is Too Cheap to Ignore
See More Headlines
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MMP Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 11/14 Dividend
11/04/2022
Dividend Payable
11/14/2022
Today
12/06/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/01/2023

Industry, Sector and Symbol

Industry
Pipelines, except natural gas
Sub-Industry
N/A
Employees
1,715
Year Founded
2000

Price Target and Rating

Average Stock Price Forecast
$54.55
High Stock Price Forecast
$59.00
Low Stock Price Forecast
$49.00
Forecasted Upside/Downside
+7.3%
Consensus Rating
Hold
Rating Score (0-4)
2.18
Research Coverage
11 Analysts

Profitability

Net Income
$982 million
Pretax Margin
28.83%

Debt

Sales & Book Value

Annual Sales
$2.73 billion
Cash Flow
$5.85 per share
Book Value
$8.94 per share

Miscellaneous

Free Float
204,116,000
Market Cap
$10.41 billion
Optionable
Optionable
Beta
0.94

Social Links


Key Executives

  • Aaron L. Milford
    President, Chief Executive Officer & Director
  • Melanie Anne LittleMelanie Anne Little
    Chief Operating Officer & Executive Vice President
  • 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 twelve months. There are currently 3 sell ratings, 3 hold ratings and 5 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 Wall Street analysts have issued 1-year target prices for Magellan Midstream Partners' shares. Their MMP share price forecasts range from $49.00 to $59.00. On average, they anticipate the company's share price to reach $54.55 in the next year. This suggests a possible upside of 7.3% 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 2022?

Magellan Midstream Partners' stock was trading at $46.44 at the beginning of 2022. Since then, MMP stock has increased by 9.4% and is now trading at $50.82.
View the best growth stocks for 2022 here
.

When is Magellan Midstream Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 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 data on Tuesday, November, 2nd. The pipeline company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.12. The pipeline company had revenue of $639.05 million for the quarter, compared to analysts' expectations of $648.14 million. Magellan Midstream Partners had a net margin of 34.72% and a trailing twelve-month return on equity of 55.55%. During the same quarter last year, the firm 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 Thursday, October 20th. Investors of record on Monday, November 7th will be given a dividend of $1.0475 per share on Monday, November 14th. This represents a $4.19 annualized dividend and a dividend yield of 8.24%. The ex-dividend date of this dividend is Friday, November 4th. This is an increase from the stock's previous quarterly dividend of $1.04.
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 8.11%. 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 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 80.89%. 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 85.34% 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 issued an update on its fourth quarter 2022 earnings guidance on Thursday, November, 3rd. The company provided earnings per share (EPS) guidance of $1.22-$1.22 for the period, compared to the consensus earnings per share estimate of $1.29. 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 variety of institutional and retail investors. Top institutional shareholders include Energy Income Partners LLC (3.14%), Tortoise Capital Advisors L.L.C. (1.87%), Chickasaw Capital Management LLC (1.57%), UBS Group AG (1.52%), CIBC Private Wealth Group LLC (0.67%) and Kayne Anderson Capital Advisors LP (0.62%). Insiders that own company stock include Chansoo Joung, James R Montague, Jeff R Selvidge, 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 $50.82.

How much money does Magellan Midstream Partners make?

Magellan Midstream Partners (NYSE:MMP) has a market capitalization of $10.41 billion and generates $2.73 billion in revenue each year. The pipeline company earns $982 million in net income (profit) each year or $5.18 on an earnings per share basis.

How many employees does Magellan Midstream Partners have?

The company employs 1,715 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 12/6/2022 by MarketBeat.com Staff