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Magellan Midstream Partners Stock Forecast, Price & News

-1.42 (-3.98 %)
(As of 09/23/2020 12:00 AM ET)
Today's Range
Now: $34.23
50-Day Range
MA: $38.94
52-Week Range
Now: $34.23
Volume1.85 million shs
Average Volume1.62 million shs
Market Capitalization$7.70 billion
P/E Ratio7.98
Dividend Yield11.53%
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.61 out of 5 stars

Industry, Sector and Symbol

Industry Pipelines, except natural gas



Sales & Book Value

Annual Sales$2.73 billion
Cash Flow$5.35 per share
Book Value$11.89 per share


Net Income$1.02 billion


Market Cap$7.70 billion
Next Earnings Date10/29/2020 (Estimated)
-1.42 (-3.98 %)
(As of 09/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MMP shares have decreased by 22.6% and is now trading at $34.23.
View which stocks have been most impacted by COVID-19

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, October 29th 2020.
View our earnings forecast for Magellan Midstream Partners

How were Magellan Midstream Partners' earnings last quarter?

Magellan Midstream Partners, L.P. (NYSE:MMP) announced its quarterly earnings data on Thursday, July, 30th. The pipeline company reported $0.59 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.74 by $0.15. The pipeline company had revenue of $460.40 million for the quarter, compared to analysts' expectations of $576.07 million. Magellan Midstream Partners had a return on equity of 38.93% and a net margin of 37.15%. Magellan Midstream Partners's quarterly revenue was down 34.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.11 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, July 23rd. Investors of record on Friday, August 7th will be paid a dividend of $1.028 per share on Friday, August 14th. This represents a $4.11 annualized dividend and a dividend yield of 12.01%. The ex-dividend date of this dividend is Thursday, August 6th.
View Magellan Midstream Partners' dividend history

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

Magellan Midstream Partners issued an update on its FY 2020 Pre-Market earnings guidance on Thursday, July, 30th. The company provided EPS guidance of 3.50-3.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.77.

What price target have analysts set for MMP?

18 Wall Street analysts have issued twelve-month price objectives for Magellan Midstream Partners' shares. Their forecasts range from $42.00 to $59.00. On average, they anticipate Magellan Midstream Partners' stock price to reach $51.39 in the next twelve months. This suggests a possible upside of 50.1% from the stock's current price.
View analysts' price targets for Magellan Midstream Partners

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), Johnson & Johnson (JNJ), Verizon Communications (VZ), Energy Transfer LP Unit (ET), AbbVie (ABBV), Cisco Systems (CSCO), Pfizer (PFE), Exxon Mobil (XOM) 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 a number of retail and institutional investors. Top institutional investors include Blackstone Group Inc (4.21%), Alps Advisors Inc. (4.15%), Chickasaw Capital Management LLC (1.81%), Kayne Anderson Capital Advisors LP (1.32%), Brookfield Asset Management Inc. (1.30%) and CIBC Private Wealth Group LLC (1.27%). Company insiders that own Magellan Midstream Partners stock include Chansoo Joung, 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 major investors are selling Magellan Midstream Partners stock?

MMP stock was sold by a variety of institutional investors in the last quarter, including Alps Advisors Inc., Mitsubishi UFJ Trust & Banking Corp, Tiedemann Advisors LLC, Bank of Montreal Can, Ensign Peak Advisors Inc, Miller Howard Investments Inc. NY, Creative Planning, and Skandinaviska Enskilda Banken AB publ. 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 major investors are buying Magellan Midstream Partners stock?

MMP stock was purchased by a variety of institutional investors in the last quarter, including Blackstone Group Inc, Brookfield Asset Management Inc., CIBC Private Wealth Group LLC, Chickasaw Capital Management LLC, Marshall Wace North America L.P., Kayne Anderson Capital Advisors LP, Locust Wood Capital Advisers LLC, and Schonfeld Strategic Advisors LLC.
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 $34.23.

How big of a company is Magellan Midstream Partners?

Magellan Midstream Partners has a market capitalization of $7.70 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 9/24/2020 by MarketBeat.com Staff

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