NYSE:MMP - Magellan Midstream Partners Stock Price, News, & Analysis

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$61.33 +0.29 (+0.48 %)
(As of 01/16/2019 03:21 AM ET)
Previous Close$61.04
Today's Range$61.11 - $62.00
52-Week Range$54.25 - $75.82
Volume532,200 shs
Average Volume947,110 shs
Market Capitalization$14.08 billion
P/E Ratio16.10
Dividend Yield6.34%
Beta0.78
Magellan 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

Industry Pipelines, except natural gas
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone918-574-7000

Debt

Current Ratio0.60
Quick Ratio0.44

Price-To-Earnings

Sales & Book Value

Annual Sales$2.51 billion
Price / Sales5.58
Cash Flow$4.6462 per share
Price / Cash Flow13.20
Book Value$9.34 per share
Price / Book6.57

Profitability

Net Income$869.53 million
Net Margins47.75%
Return on Assets12.99%

Miscellaneous

Employees1,802
Market Cap$14.08 billion
OptionableOptionable

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 declared a quarterly dividend on Friday, October 26th. Shareholders of record on Wednesday, November 7th will be given a dividend of $0.9775 per share on Wednesday, November 14th. This represents a $3.91 dividend on an annualized basis and a yield of 6.38%. The ex-dividend date is Tuesday, November 6th. This is a boost from Magellan Midstream Partners's previous quarterly dividend of $0.96. 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, November, 1st. The pipeline company reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.03 by $0.07. The pipeline company had revenue of $638 million for the quarter, compared to the consensus estimate of $621.97 million. Magellan Midstream Partners had a return on equity of 43.31% and a net margin of 47.75%. The company's quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.97 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, January 31st 2019. View Earnings Estimates for Magellan Midstream Partners.

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

Magellan Midstream Partners updated its FY 2018 earnings guidance on Thursday, November, 1st. The company provided EPS guidance of $5.70-5.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.04. Magellan Midstream Partners also updated its Q4 guidance to $1.24 EPS.

What price target have analysts set for MMP?

17 equities research analysts have issued 12 month target prices for Magellan Midstream Partners' stock. Their predictions range from $67.00 to $85.00. On average, they expect Magellan Midstream Partners' share price to reach $74.40 in the next twelve months. This suggests a possible upside of 21.3% from the stock's current price. View Analyst Price Targets for Magellan Midstream Partners.

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

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last year. There are currently 1 sell rating, 10 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Magellan Midstream Partners.

Has Magellan Midstream Partners been receiving favorable news coverage?

Press coverage about MMP stock has been trending negative on Wednesday, according to InfoTrie. The research firm ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Magellan Midstream Partners earned a news sentiment score of -2.5 on InfoTrie's scale. They also assigned news headlines about the pipeline company a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an effect on the stock's share price in the next several days.

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 56)
  • Mr. Aaron L. Milford, Sr. VP & CFO of Magellan GP, LLC (Age 45)
  • Ms. Lisa J. Korner, Sr. VP of HR & Admin. - Magellan GP LLC (Age 58)
  • Mr. Douglas J. May, SVP, Gen. Counsel, Compliance & Ethics Officer & Asst. Sec. of Magellan GP LLC (Age 48)
  • Mr. Jeff R. Selvidge, Sr. VP of Commercial for Refined Products - Magellan GP LLC (Age 58)

Who are Magellan Midstream Partners' major shareholders?

Magellan Midstream Partners' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Chickasaw Capital Management LLC (1.10%), Spirit of America Management Corp NY (0.14%), Chicago Partners Investment Group LLC (0.13%), Walnut Private Equity Partners LLC (0.10%), Northstar Investment Advisors LLC (0.04%) and Riggs Asset Managment Co. Inc. (0.03%). 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 major investors are selling Magellan Midstream Partners stock?

MMP stock was sold by a variety of institutional investors in the last quarter, including Chickasaw Capital Management LLC, Edge Wealth Management LLC, Northstar Investment Advisors LLC, Spirit of America Management Corp NY, Taylor Wealth Management Partners, Steward Partners Investment Advisory LLC, Riggs Asset Managment Co. Inc. and Mitchell Mcleod Pugh & Williams Inc.. Company insiders that have sold Magellan Midstream Partners company stock in the last year include Douglas J May, Jeff R Selvidge, Lisa J Korner and Michael N Mears. View Insider Buying and Selling for Magellan Midstream Partners.

Which major investors are buying Magellan Midstream Partners stock?

MMP stock was bought by a variety of institutional investors in the last quarter, including Chicago Partners Investment Group LLC, Walnut Private Equity Partners LLC, First Hawaiian Bank, Sheets Smith Wealth Management, Stokes Capital Advisors LLC, Gofen & Glossberg LLC IL, Arlington Partners LLC and Bogart Wealth 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 $61.33.

How big of a company is Magellan Midstream Partners?

Magellan Midstream Partners has a market capitalization of $14.08 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.

What is Magellan Midstream Partners' official website?

The official website for Magellan Midstream Partners is http://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]


MarketBeat Community Rating for Magellan Midstream Partners (NYSE MMP)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  432 (Vote Outperform)
Underperform Votes:  484 (Vote Underperform)
Total Votes:  916
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 1/16/2019 by MarketBeat.com Staff

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