NYSE:MMPMagellan Midstream Partners Stock Price, Forecast & News

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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).

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

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.

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.

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.

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 $41.02.

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.

The official website for Magellan Midstream Partners is 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]