NYSE:MMPMagellan Midstream Partners Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Magellan Midstream Partners, L.P. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $44.73 +0.20 (+0.45 %) (As of 06/2/2020 01:02 PM ET) Add Compare Share Today's Range$44.24Now: $44.73▼$45.2450-Day Range$37.38MA: $41.84▼$45.3452-Week Range$22.02Now: $44.73▼$67.75Volume258,198 shsAverage Volume1.12 million shsMarket Capitalization$10.07 billionP/E Ratio9.30Dividend Yield9.06%Beta1.07 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.5 Analyst's Opinion Consensus RatingMagellan Midstream Partners has received a consensus rating of Buy. The company's average rating score is 2.94, and is based on 15 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $55.00, Magellan Midstream Partners has a potential upside of 22.1% from its current price of $45.05.Amount of Analyst CoverageMagellan Midstream Partners has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.3 Community Rank Outperform VotesMagellan Midstream Partners has received 509 “outperform” votes. (Add your “outperform” vote.)Underperform VotesMagellan Midstream Partners has received 574 “underperform” votes. (Add your “underperform” vote.)Community SentimentMagellan Midstream Partners has received 53.00% “underperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend LeadershipMagellan Midstream Partners is a leading dividend payer. It pays a dividend yield of 9.06%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthMagellan Midstream Partners has been increasing its dividend for 10 years.Dividend CoverageThe dividend payout ratio of Magellan Midstream Partners is 86.34 %. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Magellan Midstream Partners will have a dividend payout ratio of 100.00 % in the coming year. This indicates that Magellan Midstream Partners may not be able to sustain their current dividend. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Magellan Midstream Partners insiders have bought more of their company's stock than they have sold. Specifically, they have bought $563,011.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.29% of the stock of Magellan Midstream Partners is held by insiders.Percentage Held by Institutions65.15% of the stock of Magellan Midstream Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Magellan Midstream Partners are expected to grow by 9.60% in the coming year, from $3.75 to $4.11 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Magellan Midstream Partners is 9.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.70.Price to Earnings Ratio vs. SectorThe P/E ratio of Magellan Midstream Partners is 9.37, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 9.73.Price to Book Value per Share RatioMagellan Midstream Partners has a P/B Ratio of 3.79. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.5Community Rank: 2.3Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™3.00 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Pipelines, except natural gas Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:MMP Previous Symbol CUSIPN/A CIK1126975 Webwww.magellanlp.com Phone918-574-7000Debt Debt-to-Equity Ratio1.69 Current Ratio0.37 Quick Ratio0.31Price-To-Earnings Trailing P/E Ratio9.30 Forward P/E Ratio11.93 P/E GrowthN/A Sales & Book Value Annual Sales$2.73 billion Price / Sales3.69 Cash Flow$5.77 per share Price / Cash Flow7.75 Book Value$11.89 per share Price / Book3.76Profitability EPS (Most Recent Fiscal Year)$4.76 Net Income$1.02 billion Net Margins38.20% Return on Equity43.14% Return on Assets13.81%Miscellaneous Employees1,884 Outstanding Shares225,060,000Market Cap$10.07 billion Next Earnings Date8/6/2020 (Estimated) OptionableOptionable MMP Rates by TradingView Receive MMP News and Ratings via Email Sign-up to receive the latest news and ratings for MMP and its competitors with MarketBeat's FREE daily newsletter. 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 increased by 1.8% and is now trading at $45.05. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Magellan Midstream Partners? 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last year. There are currently 1 hold rating and 15 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, August 6th 2020. View our earnings forecast for Magellan Midstream Partners. How were Magellan Midstream Partners' earnings last quarter? Magellan Midstream Partners, L.P. (NYSE:MMP) issued its earnings results on Friday, May, 1st. The pipeline company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.03 by $0.25. The pipeline company had revenue of $782.80 million for the quarter, compared to the consensus estimate of $676.67 million. Magellan Midstream Partners had a return on equity of 43.14% and a net margin of 38.20%. The firm's quarterly revenue was up 24.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.06 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, April 23rd. Investors of record on Friday, May 8th will be given a dividend of $1.028 per share on Friday, May 15th. This represents a $4.11 annualized dividend and a dividend yield of 9.13%. The ex-dividend date is Thursday, May 7th. This is a boost from Magellan Midstream Partners's previous quarterly dividend of $1.03. View Magellan Midstream Partners' dividend history. What price target have analysts set for MMP? 16 brokerages have issued 1 year target prices for Magellan Midstream Partners' stock. Their forecasts range from $42.00 to $69.00. On average, they anticipate Magellan Midstream Partners' share price to reach $55.00 in the next twelve months. This suggests a possible upside of 22.1% from the stock's current price. View analysts' price targets for Magellan Midstream Partners. Has Magellan Midstream Partners been receiving favorable news coverage? News stories about MMP stock have been trending very positive this week, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Magellan Midstream Partners earned a news impact score of 3.5 on InfoTrie's scale. They also assigned headlines about the pipeline company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutMagellan Midstream Partners. Are investors shorting Magellan Midstream Partners? Magellan Midstream Partners saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 5,380,000 shares, a drop of 11.8% from the April 15th total of 6,100,000 shares. Based on an average daily trading volume, of 2,270,000 shares, the days-to-cover ratio is currently 2.4 days. Approximately 2.4% of the shares of the company are short sold. View Magellan Midstream Partners' Current Options Chain. Who are some of Magellan Midstream Partners' key competitors? 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), NuStar Energy (NS), Plains GP (PAGP), Holly Energy Partners (HEP), BP Midstream Partners (BPMP), Noble Midstream Partners (NBLX), Delek Logistics Partners (DKL), PBF Logistics (PBFX) and Blueknight Energy Partners (BKEP). View all 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), 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). Who are Magellan Midstream Partners' key executives? Magellan Midstream Partners' management team includes the following people: Michael N. Mears, Chairman, President & Chief Executive OfficerMelanie A. Little, Senior Vice President-OperationsAaron L. Milford, Senior VP, Chief Financial & Accounting OfficerLarry J. Davied, Senior Vice President-Technical ServicesDouglas 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 many different retail and institutional investors. Top institutional shareholders include Tortoise Capital Advisors L.L.C. (5.39%), Alps Advisors Inc. (5.03%), Invesco Ltd. (4.67%), Janus Henderson Group PLC (3.40%), Harvest Fund Advisors LLC (3.29%) and UBS Group AG (2.14%). 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. Which institutional investors are selling Magellan Midstream Partners stock? MMP stock was sold by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., Kayne Anderson Capital Advisors LP, Alps Advisors Inc., Northwestern Mutual Investment Management Company LLC, Clearbridge Investments LLC, Creative Planning, Eagle Global Advisors LLC, and Nuveen Asset Management 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. Which institutional investors are buying Magellan Midstream Partners stock? MMP stock was purchased by a variety of institutional investors in the last quarter, including Harvest Fund Advisors LLC, Mitsubishi UFJ Trust & Banking Corp, Morgan Stanley, Morgan Stanley, Janus Henderson Group PLC, Chickasaw Capital Management LLC, Invesco Ltd., and HITE Hedge Asset Management 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 $45.05. How big of a company is Magellan Midstream Partners? Magellan Midstream Partners has a market capitalization of $10.14 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 6/2/2020 by MarketBeat.com Staff
