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S&P 500   4,057.84
DOW   32,637.19
QQQ   299.33
S&P 500   4,057.84
DOW   32,637.19
QQQ   299.33
S&P 500   4,057.84
DOW   32,637.19
QQQ   299.33
S&P 500   4,057.84
DOW   32,637.19
QQQ   299.33

Magellan Midstream Partners (MMP) Stock Forecast, Price & News

$50.35
+0.38 (+0.76%)
(As of 05/26/2022 12:00 AM ET)
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Today's Range
$50.04
$50.81
50-Day Range
$47.36
$53.03
52-Week Range
$43.58
$53.85
Volume
701,395 shs
Average Volume
1.20 million shs
Market Capitalization
$10.65 billion
P/E Ratio
11.82
Dividend Yield
8.30%
Beta
0.96
30 days | 90 days | 365 days | Advanced Chart
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Magellan Midstream Partners logo

About Magellan Midstream Partners

Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. It operates through Refined Products and Crude Oil segments. The company operates refined products pipeline that transports gasoline, diesel fuel, aviation fuel, kerosene, and heating oil to wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; and to end markets, including retail gasoline stations, truck stops, farm cooperatives, railroad fueling depots, military bases, and commercial airports. Further, it provides pipeline capacity and tank storage services, as well as terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services to shippers. In addition, the company owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide design, installation, construction, testing, operation, replacement, and management of assets to refiners, marketers, and traders. As of December 31, 2021, it had 9,800-mile refined products pipeline system with 54 terminals; approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 39 million barrels; and two marine terminals. The company was incorporated in 2000 and is headquartered in Tulsa, Oklahoma.

Headlines

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Industry, Sector and Symbol

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

Sales & Book Value

Annual Sales
$2.73 billion
Cash Flow
$6.24 per share
Book Value
$8.52 per share

Profitability

Net Income
$982 million
Pretax Margin
31.83%

Debt

Price-To-Earnings

Miscellaneous

Free Float
210,715,000
Market Cap
$10.65 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 5/13 Dividend
4/29/2022
Last Earnings
5/05/2022
Dividend Payable
5/13/2022
Today
5/27/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.43 out of 5 stars

Oils/Energy Sector

63rd out of 386 stocks

Pipelines, Except Natural Gas Industry

2nd out of 21 stocks

Analyst Opinion: 2.0Community Rank: 4.1Dividend Strength: 3.3Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -













Magellan Midstream Partners (NYSE:MMP) Frequently Asked Questions

Is Magellan Midstream Partners a buy right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last year. There are currently 2 sell ratings, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Magellan Midstream Partners stock. 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 analyst ratings for Magellan Midstream Partners
or view top-rated stocks.

Are investors shorting Magellan Midstream Partners?

Magellan Midstream Partners saw a drop in short interest in April. As of April 30th, there was short interest totaling 5,900,000 shares, a drop of 26.5% from the April 15th total of 8,030,000 shares. Based on an average trading volume of 1,260,000 shares, the days-to-cover ratio is currently 4.7 days. Currently, 2.8% of the shares of the stock are sold short.
View Magellan Midstream Partners' Short Interest
.

When is Magellan Midstream Partners' next earnings date?

Magellan Midstream Partners is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Magellan Midstream Partners
.

How were Magellan Midstream Partners' earnings last quarter?

Magellan Midstream Partners, L.P. (NYSE:MMP) released its quarterly earnings results on Thursday, May, 5th. The pipeline company reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.03. The pipeline company had revenue of $631.10 million for the quarter, compared to the consensus estimate of $704.74 million. Magellan Midstream Partners had a trailing twelve-month return on equity of 51.92% and a net margin of 33.36%. The company's quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 EPS.
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 announced a quarterly dividend on Friday, April 22nd. Stockholders of record on Monday, May 2nd will be given a dividend of $1.0375 per share on Friday, May 13th. This represents a $4.15 annualized dividend and a yield of 8.24%. The ex-dividend date is Friday, April 29th.
View Magellan Midstream Partners' dividend history
.

Is Magellan Midstream Partners a good dividend stock?

Magellan Midstream Partners pays an annual dividend of $4.15 per share and currently has a dividend yield of 8.30%. MMP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Magellan Midstream Partners has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Magellan Midstream Partners is 97.42%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Magellan Midstream Partners will have a dividend payout ratio of 92.22% in the coming year. This indicates that Magellan Midstream Partners may not be able to sustain their current dividend.
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 second quarter 2022 earnings guidance on Monday, May, 23rd. The company provided EPS guidance of $1.12-$1.12 for the period, compared to the consensus estimate of $1.01. The company issued revenue guidance of -.

What price target have analysts set for MMP?

10 analysts have issued 1 year target prices for Magellan Midstream Partners' stock. Their forecasts range from $49.00 to $57.00. On average, they anticipate Magellan Midstream Partners' stock price to reach $52.30 in the next twelve months. This suggests a possible upside of 3.9% from the stock's current price.
View analysts' price targets for Magellan Midstream Partners
or view top-rated stocks among Wall Street analysts.

Who are Magellan Midstream Partners' key executives?
Magellan Midstream Partners' management team includes the following people:
  • Mr. Michael N. Mears, Chairman, Pres & CEO of Magellan GP LLC (Age 59, Pay $3.37M)
  • Mr. Jeffrey L. Holman, Principal Accounting Officer, Sr. VP, CFO & Treasurer of Magellan GP LLC (Age 51, Pay $1.33M)
  • Mr. Aaron L. Milford, Chief Operating Officer of Magellan GP LLC (Age 48, Pay $1.71M)
  • Mr. Douglas J. May, Sr. VP, Gen. Counsel and Compliance & Ethics Officer of Magellan GP LLC (Age 51, Pay $1.07M)
  • Ms. Melanie A. Little, Sr. VP of Operations - Magellan GP LLC (Age 52, Pay $1.22M) (LinkedIn Profile)
  • Mr. Michael C. Pearson, Sr. VP of Technical Services - Magellan GP LLC (Age 59)
  • Ms. Lisa J. Korner, Sr. VP of HR & Admin. (Age 61)
  • Ms. Paula Farrell, Associate VP of Investor Relations - Magellan GP LLC
  • Mr. Robert L. Barnes, Sr. VP of Commercial for Crude Oil - Magellan GP LLC (Age 57)
  • Mr. Michael J. Aaronson, Sr. VP of Bus. Devel. - Magellan GP LLC (Age 47)
What is Michael N. Mears' approval rating as Magellan Midstream Partners' CEO?

27 employees have rated Magellan Midstream Partners CEO Michael N. Mears on Glassdoor.com. Michael N. Mears has an approval rating of 85% among Magellan Midstream Partners' 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 many different retail and institutional investors. Top institutional shareholders include Invesco Ltd. (4.54%), Goldman Sachs Group Inc. (2.81%), UBS Group AG (1.44%), Chickasaw Capital Management LLC (1.42%), Mirae Asset Global Investments Co. Ltd. (1.27%) and Clearbridge Investments LLC (1.27%). Company insiders that own Magellan Midstream Partners stock include Chansoo Joung, Jung Jennifer Fall, Lisa J Korner and Melanie A Little.
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 Invesco Ltd., Bank of Montreal Can, Blackstone Inc., Duff & Phelps Investment Management Co., PEAK6 Investments LLC, UBS Group AG, Fractal Investments LLC, and Chickasaw Capital Management LLC.
View insider buying and selling activity for Magellan Midstream Partners
or view top insider-selling stocks.

Which institutional investors are buying Magellan Midstream Partners stock?

MMP stock was purchased by a variety of institutional investors in the last quarter, including Beach Investment Counsel Inc. PA, BNP Paribas Arbitrage SA, Clearbridge Investments LLC, Mirae Asset Global Investments Co. Ltd., Progeny 3 Inc., Citigroup Inc., Goldman Sachs Group Inc., and Verity Asset Management Inc..
View insider buying and selling activity for Magellan Midstream Partners
or or view top insider-buying stocks.

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 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 $50.35.

How much money does Magellan Midstream Partners make?

Magellan Midstream Partners has a market capitalization of $10.65 billion and generates $2.73 billion in revenue each year. The pipeline company earns $982 million in net income (profit) each year or $4.26 on an earnings per share basis.

How many employees does Magellan Midstream Partners have?

Magellan Midstream Partners employs 1,715 workers across the globe.

When was Magellan Midstream Partners founded?

Magellan Midstream Partners was founded in 2000.

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, via email at [email protected], or via fax at 302-655-5049.

This page was last updated on 5/27/2022 by MarketBeat.com Staff

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