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

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

Magellan Midstream Partners declared a quarterly dividend on Thursday, October 24th. Stockholders of record on Thursday, November 7th will be given a dividend of $1.02 per share on Thursday, November 14th. This represents a $4.08 annualized dividend and a dividend yield of 6.34%. The ex-dividend date of this dividend is Wednesday, November 6th. This is a boost from Magellan Midstream Partners's previous quarterly dividend of $1.01. View Magellan Midstream Partners' Dividend History.

Magellan Midstream Partners, L.P. (NYSE:MMP) posted its earnings results on Thursday, October, 31st. The pipeline company reported $1.19 EPS for the quarter, topping the Zacks' consensus estimate of $1.09 by $0.10. The pipeline company had revenue of $656.60 million for the quarter, compared to analyst estimates of $673.05 million. Magellan Midstream Partners had a return on equity of 38.78% and a net margin of 36.75%. Magellan Midstream Partners's quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 EPS. View Magellan Midstream Partners' Earnings History.

Magellan Midstream Partners is scheduled to release their next quarterly earnings announcement on Thursday, January 30th 2020. View Earnings Estimates for Magellan Midstream Partners.

Magellan Midstream Partners will be holding an earnings conference call on Thursday, January 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.

Magellan Midstream Partners updated its fourth quarter earnings guidance on Thursday, October, 31st. The company provided earnings per share (EPS) guidance of $1.13 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.14.

13 brokerages have issued twelve-month target prices for Magellan Midstream Partners' shares. Their forecasts range from $56.00 to $75.00. On average, they expect Magellan Midstream Partners' stock price to reach $68.00 in the next year. This suggests a possible upside of 5.6% from the stock's current price. View Analyst Price Targets for Magellan Midstream Partners.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last year. There are currently 1 sell rating, 5 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Magellan Midstream Partners.

News stories about MMP stock have trended somewhat positive recently, according to InfoTrie. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Magellan Midstream Partners earned a coverage optimism score of 1.7 on InfoTrie's scale. They also gave news headlines about the pipeline company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next several days. View News Stories for Magellan Midstream Partners.

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

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

Magellan Midstream Partners' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Chickasaw Capital Management LLC (1.29%), Spirit of America Management Corp NY (0.12%), Walnut Private Equity Partners LLC (0.11%), Brasada Capital Management LP (0.03%), Gilman Hill Asset Management LLC (0.02%) and Tocqueville Asset Management L.P. (0.02%). 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.

MMP stock was sold by a variety of institutional investors in the last quarter, including Chickasaw Capital Management LLC, Diversified Trust Co, Spirit of America Management Corp NY, Endurance Wealth Management Inc., Brasada Capital Management LP, FLC Capital Advisors, Aua Capital Management LLC and Tocqueville Asset Management L.P.. Company insiders that have sold Magellan Midstream Partners company stock in the last year include James R Montague, Jeff R Selvidge, Lisa J Korner, Michael N Mears and Robert G Croyle. View Insider Buying and Selling for Magellan Midstream Partners.

MMP stock was bought by a variety of institutional investors in the last quarter, including Walnut Private Equity Partners LLC, 180 Wealth Advisors LLC, Beacon Financial Group, Ipswich Investment Management Co. Inc., Raymond James Trust N.A., Bridger Capital Management LLC, Private Trust Co. NA and Gilman Hill Asset Management LLC. 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, Robinhood, Fidelity and Charles Schwab.

One share of MMP stock can currently be purchased for approximately $64.37.

Magellan Midstream Partners has a market capitalization of $14.70 billion and generates $2.83 billion in revenue each year. The pipeline company earns $1.33 billion in net income (profit) each year or $4.25 on an earnings per share basis. Magellan Midstream Partners employs 1,868 workers across the globe.View Additional Information About Magellan Midstream Partners.

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]