NYSE:MMP - Magellan Midstream Partners Stock Price, Price Target & More

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$69.55 +0.33 (+0.48 %)
(As of 07/22/2018 10:45 AM ET)
Previous Close$69.55
Today's Range$68.76 - $69.97
52-Week Range$54.82 - $75.82
Volume818,871 shs
Average Volume738,151 shs
Market Capitalization$15.87 billion
P/E Ratio17.93
Dividend Yield5.39%
Beta0.76
Magellan Midstream Partners logoMagellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. The company operates through Refined Products, Crude Oil, and Marine Storage segments. It operates refined products pipeline that transports gasoline, distillates, aviation fuels, and liquefied petroleum gases for independent refiners and integrated oil companies, wholesalers, retailers, traders, railroads, airlines, bio-fuel producers, and regional farm cooperatives; and provides services, including terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services to shippers. The company also owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide distribution, storage, blending, inventory management, and additive injection services for refiners, marketers, traders, and other end users of petroleum products. As of December 31, 2017, it had 9,700-mile refined products pipeline system with 53 terminals, as well as 26 independent terminals; 1,100-mile ammonia pipeline system; approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 28 million barrels; and 5 marine terminals with an aggregate storage capacity of approximately 26 million barrels. The company serves as the general partner of Magellan GP, LLC. Magellan Midstream Partners, L.P. was founded in 2000 and is headquartered in Tulsa, Oklahoma.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Pipelines, except natural gas
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:MMP
CUSIPN/A
Phone918-574-7000

Debt

Debt-to-Equity Ratio2.00
Current Ratio0.63
Quick Ratio0.38

Price-To-Earnings

Trailing P/E Ratio17.93
Forward P/E Ratio16.76
P/E Growth2.79

Sales & Book Value

Annual Sales$2.51 billion
Price / Sales6.33
Cash Flow$4.6741 per share
Price / Cash14.88
Book Value$9.34 per share
Price / Book7.45

Profitability

EPS (Most Recent Fiscal Year)$3.81
Net Income$869.53 million
Net Margins33.71%
Return on Equity41.57%
Return on Assets12.32%

Miscellaneous

Employees1,802
Outstanding Shares228,200,000
Market Cap$15,870.96

Magellan Midstream Partners (NYSE:MMP) Frequently Asked Questions

What is Magellan Midstream Partners' stock symbol?

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

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 27th. Stockholders of record on Sunday, August 5th will be paid a dividend of $0.9375 per share on Tuesday, May 15th. This represents a $3.75 annualized dividend and a dividend yield of 5.39%. The ex-dividend date of this dividend is Monday, May 7th. This is a boost from Magellan Midstream Partners's previous quarterly dividend of $0.92. View Magellan Midstream Partners' Dividend History.

How were Magellan Midstream Partners' earnings last quarter?

Magellan Midstream Partners, L.P. (NYSE:MMP) announced its quarterly earnings results on Thursday, May, 3rd. The pipeline company reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The pipeline company had revenue of $679 million for the quarter, compared to analyst estimates of $669.70 million. Magellan Midstream Partners had a net margin of 33.71% and a return on equity of 41.57%. The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 EPS. View Magellan Midstream Partners' Earnings History.

When is Magellan Midstream Partners' next earnings date?

Magellan Midstream Partners is scheduled to release their next quarterly earnings announcement on Thursday, August, 2nd 2018. View Earnings Estimates for Magellan Midstream Partners.

What price target have analysts set for MMP?

14 analysts have issued 12 month target prices for Magellan Midstream Partners' shares. Their predictions range from $66.00 to $85.00. On average, they anticipate Magellan Midstream Partners' share price to reach $74.3333 in the next twelve months. This suggests a possible upside of 6.9% from the stock's current price. View Analyst Ratings for Magellan Midstream Partners.

What is the consensus analysts' recommendation for Magellan Midstream Partners?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last year. There are currently 3 sell ratings, 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

Who are some of Magellan Midstream Partners' key competitors?

Who are Magellan Midstream Partners' key executives?

Magellan Midstream Partners' management team includes the folowing people:
  • Mr. Michael N. Mears, Chairman, Pres & CEO of Magellan GP, LLC (Age 55)
  • Mr. Aaron L. Milford, Sr. VP & CFO of Magellan GP, LLC (Age 44)
  • Ms. Lisa J. Korner, Sr. VP of HR & Admin. - Magellan GP LLC (Age 57)
  • Mr. Douglas J. May, SVP, Gen. Counsel, Compliance & Ethics Officer & Asst. Sec. of Magellan GP LLC (Age 47)
  • Mr. Jeff R. Selvidge, Sr. VP of Commercial for Refined Products - Magellan GP LLC (Age 57)

Has Magellan Midstream Partners been receiving favorable news coverage?

News coverage about MMP stock has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Magellan Midstream Partners earned a news sentiment score of 0.12 on Accern's scale. They also gave news coverage about the pipeline company an impact score of 44.19 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.

Who are Magellan Midstream Partners' major shareholders?

Magellan Midstream Partners' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (0.92%), Miller Howard Investments Inc. NY (0.64%), Creative Planning (0.56%), Northstar Investment Advisors LLC (0.05%), Westpac Banking Corp (0.04%) and Port Capital LLC (0.04%). Company insiders that own Magellan Midstream Partners stock include Douglas J May, Jeff R Selvidge, Lisa J Korner and Michael N Mears. 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 Selz Capital LLC, Creative Planning, Bank of Montreal Can, Edge Wealth Management LLC, Adams Asset Advisors LLC, Westpac Banking Corp, Clinton Group Inc. and Washington Trust Bank. Company insiders that have sold Magellan Midstream Partners company stock in the last year include Jeff R Selvidge and Michael N Mears. View Insider Buying and Selling for Magellan Midstream Partners.

Which institutional investors are buying Magellan Midstream Partners stock?

MMP stock was acquired by a variety of institutional investors in the last quarter, including Miller Howard Investments Inc. NY, Northstar Investment Advisors LLC, Chicago Capital LLC, Steward Partners Investment Advisory LLC, Mycio Wealth Partners LLC, Catawba Capital Management VA, Port Capital LLC and MHI Funds LLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Magellan Midstream Partners' stock price today?

One share of MMP stock can currently be purchased for approximately $69.55.

How big of a company is Magellan Midstream Partners?

Magellan Midstream Partners has a market capitalization of $15.87 billion and generates $2.51 billion in revenue each year. The pipeline company earns $869.53 million in net income (profit) each year or $3.81 on an earnings per share basis. Magellan Midstream Partners employs 1,802 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 pipeline company can be reached via phone at 918-574-7000 or via email at [email protected]


MarketBeat Community Rating for Magellan Midstream Partners (NYSE MMP)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  401 (Vote Outperform)
Underperform Votes:  440 (Vote Underperform)
Total Votes:  841
MarketBeat's community ratings are surveys of what our community members think about Magellan Midstream Partners and other stocks. Vote "Outperform" if you believe MMP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MMP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 7/22/2018 by MarketBeat.com Staff

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