NYSE:MMP - Magellan Midstream Partners Stock Price, Price Target & More

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

Magellan Midstream Partners declared a quarterly dividend on Friday, April 27th. Shareholders of record on Sunday, August 5th will be paid a dividend of $0.9375 per share on Tuesday, May 15th. This represents a $3.75 annualized dividend and a yield of 5.53%. The ex-dividend date is Monday, May 7th. This is a positive change from Magellan Midstream Partners's previous quarterly dividend of $0.92. View Magellan Midstream Partners' Dividend History.

Magellan Midstream Partners, L.P. (NYSE:MMP) issued its earnings results on Thursday, May, 3rd. The pipeline company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.01 by $0.04. The pipeline company had revenue of $679 million for the quarter, compared to analyst estimates of $669.70 million. Magellan Midstream Partners had a net margin of 33.71% and a return on equity of 41.57%. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.96 EPS. View Magellan Midstream Partners' Earnings History.

Magellan Midstream Partners is scheduled to release their next quarterly earnings announcement on Thursday, August, 2nd 2018. View Earnings Estimates for Magellan Midstream Partners.

14 equities research analysts have issued twelve-month target prices for Magellan Midstream Partners' stock. Their predictions range from $66.00 to $85.00. On average, they expect Magellan Midstream Partners' share price to reach $74.3333 in the next twelve months. This suggests a possible upside of 9.6% from the stock's current price. View Analyst Ratings for Magellan Midstream Partners.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last year. There are currently 3 sell ratings, 5 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

Some companies that are related to Magellan Midstream Partners include Enbridge (ENB), Mplx (MPLX), Energy Transfer Partners (ETP), Plains All American Pipeline (PAA), Andeavor Logistics (ANDX), Phillips 66 Partners (PSXP), Buckeye Partners (BPL), Shell Midstream Partners (SHLX), Plains GP (PAGP), Enbridge Energy Partners (EEP), Holly Energy Partners (HEP), Valero Energy Partners (VLP), NuStar Energy (NS), BP Midstream Partners (BPMP) and Noble Midstream Partners (NBLX).

Media stories about MMP stock have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Magellan Midstream Partners earned a news impact score of 0.13 on Accern's scale. They also gave media coverage about the pipeline company an impact score of 46.45 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

Magellan Midstream Partners' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (0.92%), Port Capital LLC (0.04%), Adams Asset Advisors LLC (0.02%), Selz Capital LLC (0.02%), Lucas Capital Management (0.02%) and Catawba Capital Management VA (0.02%). 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.

MMP stock was sold by a variety of institutional investors in the last quarter, including Selz Capital LLC, Bank of Montreal Can, Adams Asset Advisors LLC, Clinton Group Inc., Washington Trust Bank, Winslow Evans & Crocker Inc., Lucas Capital Management and Beacon Financial Group. Company insiders that have sold Magellan Midstream Partners company stock in the last year include Jeff R Selvidge and Michael N Mears. View Insider Buying and Selling for Magellan Midstream Partners.

MMP stock was bought by a variety of institutional investors in the last quarter, including Catawba Capital Management VA, Port Capital LLC, Bristol Advisors LLC, Private Asset Management Inc., ELCO Management Co. LLC, Fisher Asset Management LLC, Pennsylvania Trust Co and Nwam LLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

One share of MMP stock can currently be purchased for approximately $67.80.

Magellan Midstream Partners has a market capitalization of $15.56 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.

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]