NYSE:MMP Magellan Midstream Partners - MMP Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. $54.26 -0.08 (-0.15%) (As of 03/31/2023 12:00 AM ET) Add Compare Share Share Today's Range$54.16▼$54.6250-Day Range$50.89▼$54.7052-Week Range$44.79▼$60.55Volume1.06 million shsAverage Volume866,479 shsMarket Capitalization$11.03 billionP/E Ratio10.96Dividend Yield7.72%Price Target$56.27 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Magellan Midstream Partners MarketRank™ ForecastAnalyst RatingHold2.36 Rating ScoreUpside/Downside3.7% Upside$56.27 Price TargetShort InterestBearish3.46% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment1.33Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth10.47%From $4.68 to $5.17 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.30 out of 5 starsOils/Energy Sector121st out of 244 stocksPipelines, Except Natural Gas Industry6th out of 11 stocks 2.2 Analyst's Opinion Consensus RatingMagellan Midstream Partners has received a consensus rating of Hold. The company's average rating score is 2.36, and is based on 6 buy ratings, 3 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $56.27, Magellan Midstream Partners has a forecasted upside of 3.7% from its current price of $54.26.Amount of Analyst CoverageMagellan Midstream Partners has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.46% of the float of Magellan Midstream Partners has been sold short.Short Interest Ratio / Days to CoverMagellan Midstream Partners has a short interest ratio ("days to cover") of 8.1.Change versus previous monthShort interest in Magellan Midstream Partners has recently increased by 2.52%, indicating that investor sentiment is decreasing. Previous Next 3.3 Dividend Strength Dividend LeadershipMagellan Midstream Partners is a leading dividend payer. It pays a dividend yield of 7.92%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthMagellan Midstream Partners has been increasing its dividend for 20 years.Dividend CoverageThe dividend payout ratio of Magellan Midstream Partners is 84.65%. 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 81.04% in the coming year. This indicates that Magellan Midstream Partners may not be able to sustain their current dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MMP. Previous Next 3.0 News and Social Media Coverage News SentimentMagellan Midstream Partners has a news sentiment score of 1.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Magellan Midstream Partners this week, compared to 3 articles on an average week.Search InterestOnly 45 people have searched for MMP on MarketBeat in the last 30 days. This is a decrease of -30% compared to the previous 30 days.MarketBeat FollowsOnly 16 people have added Magellan Midstream Partners to their MarketBeat watchlist in the last 30 days. This is a decrease of -30% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Magellan Midstream Partners insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.32% of the stock of Magellan Midstream Partners is held by insiders.Percentage Held by Institutions51.06% 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 2.5 Earnings and Valuation Earnings GrowthEarnings for Magellan Midstream Partners are expected to grow by 10.47% in the coming year, from $4.68 to $5.17 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Magellan Midstream Partners is 10.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.25.Price to Earnings Ratio vs. SectorThe P/E ratio of Magellan Midstream Partners is 10.96, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 82.98.Price to Earnings Growth RatioMagellan Midstream Partners has a PEG Ratio of 7.85. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioMagellan Midstream Partners has a P/B Ratio of 6.60. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Magellan Midstream Partners (NYSE:MMP) StockMagellan Midstream Partners LP engages in the transportation, storage, and distribution of petroleum products and crude oil. It operates through the following segments: Refined Products and Crude Oil. The Refined Products segment consists of an approximately 9,800-mile refined petroleum products pipeline system with 54 terminals and two marine storage terminals. The Crude Oil segment has approximately 2,200 miles of crude oil pipelines, a condensate splitter, and 39 million barrels of aggregate storage capacity, of which approximately 29 million barrels are used for contract storage. The company was founded in August 2000 and is headquartered in Tulsa, OK.Read More Receive MMP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Magellan Midstream Partners and its competitors with MarketBeat's FREE daily newsletter. Email Address MMP Stock News HeadlinesMarch 23, 2023 | finance.yahoo.comMagellan Midstream Partners (MMP) Dips More Than Broader Markets: What You Should KnowMarch 4, 2023 | finance.yahoo.comSo Much For A Soft Landing, 3 Dividend Stocks For Passive Income To Help Weather A RecessionMarch 31, 2023 | WealthPop (Ad)Here’s Your Own Billion-Dollar Trading Edge (Just $0.76 a Week)2023 is a classic “stock picker’s market.” The only way to beat these markets is to pick the right stocks at the right time. Legendary trader Adam Mesh is ready to hand you his best stock pick every week… It’s the same kind of research Wall Street’s top traders use to beat the markets. Click here to get his three top picks for right now to help get you started now. March 1, 2023 | markets.businessinsider.comBarclays Keeps Their Buy Rating on Magellan Midstream (MMP)March 1, 2023 | 247wallst.comUnusual Call Option Trade in Magellan Midstream Partners Worth $130.03KFebruary 13, 2023 | finance.yahoo.comZacks Industry Outlook Highlights Enterprise Products Partners LP, Energy Transfer LP and Magellan Midstream Partners LP.February 13, 2023 | finance.yahoo.comMagellan's (MMP) Q4 Earnings Miss Estimates, Revenues BeatFebruary 9, 2023 | finance.yahoo.comPlains All American (PAA) Q4 Earnings & Sales Miss EstimatesMarch 31, 2023 | WealthPop (Ad)Here’s Your Own Billion-Dollar Trading Edge (Just $0.76 a Week)2023 is a classic “stock picker’s market.” The only way to beat these markets is to pick the right stocks at the right time. Legendary trader Adam Mesh is ready to hand you his best stock pick every week… It’s the same kind of research Wall Street’s top traders use to beat the markets. Click here to get his three top picks for right now to help get you started now. February 6, 2023 | finance.yahoo.comMagellan Midstream Partners Stock Earns Technical Rating UpgradeFebruary 6, 2023 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Industrial Goods Stocks: Magellan Midstream (MMP), Ametek (AME) and Trane Technologies (TT)February 4, 2023 | finance.yahoo.comMagellan Midstream Partners, L.P. (NYSE:MMP) Q4 2022 Earnings Call TranscriptFebruary 3, 2023 | seekingalpha.comMagellan Midstream Q4 Earnings: 2 Very Important TakeawaysFebruary 2, 2023 | finance.yahoo.comPipeline operator Magellan says Permian crude flows to Houston will riseFebruary 2, 2023 | finanznachrichten.deMagellan Midstream Partners, L.P.: Magellan Midstream Reports Fourth-Quarter 2022 Financial ResultsFebruary 2, 2023 | msn.comMagellan Midstream expects higher crude shipments this yearFebruary 2, 2023 | finance.yahoo.comMagellan Midstream Reports Fourth-Quarter 2022 Financial ResultsFebruary 1, 2023 | msn.comWhat to expect from Magellan Midstream Partners' Q4 earningsJanuary 31, 2023 | 247wallst.comMagellan Midstream Partners Declares $1.05 DividendJanuary 27, 2023 | msn.comIs Magellan (MMP) Poised for Another Earnings Beat in Q4?January 24, 2023 | msn.comMagellan Midstream Partners declares $1.0475 dividendJanuary 24, 2023 | finance.yahoo.comMagellan Midstream Declares Cash Distribution of $1.0475 for Fourth Quarter 2022January 19, 2023 | finance.yahoo.comMagnolia (MGY) Trims Q4 Output Target But Keeps 2023 OutlookJanuary 18, 2023 | finance.yahoo.comMagellan Midstream Partners (MMP) Stock Moves -0.68%: What You Should KnowJanuary 12, 2023 | finance.yahoo.comMagellan Midstream Partners (MMP) Outpaces Stock Market Gains: What You Should KnowJanuary 9, 2023 | markets.businessinsider.comAnalyst Expectations for Magellan Midstream's FutureDecember 24, 2022 | thestreet.comWhy Magellan Midstream Partners (MMP) Stock Closed Higher On TuesdaySee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MMP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Magellan Midstream Partners and its competitors with MarketBeat's FREE daily newsletter. Email Address MMP Company Calendar Last Earnings11/02/2021Ex-Dividend for 2/14 Dividend2/06/2023Dividend Payable2/14/2023Today3/31/2023Next Earnings (Estimated)5/04/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Pipelines, except natural gas Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:MMP CUSIPN/A CIK1126975 Webwww.magellanlp.com Phone(918) 574-7000Fax302-655-5049Employees1,655Year Founded2000Price Target and Rating Average Stock Price Forecast$56.27 High Stock Price Forecast$59.00 Low Stock Price Forecast$49.00 Forecasted Upside/Downside+3.7%Consensus RatingHold Rating Score (0-4)2.36 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)$4.95 Trailing P/E Ratio10.96 Forward P/E Ratio11.59 P/E Growth7.85Net Income$1.04 billion Net Margins32.38% Pretax Margin26.93% Return on Equity54.53% Return on Assets12.14% Debt Debt-to-Equity Ratio2.98 Current Ratio0.98 Quick Ratio0.49 Sales & Book Value Annual Sales$3.20 billion Price / Sales3.45 Cash Flow$6.24 per share Price / Cash Flow8.69 Book Value$8.22 per share Price / Book6.60Miscellaneous Outstanding Shares203,290,000Free Float202,643,000Market Cap$11.03 billion OptionableOptionable Beta0.92 Social Links Key ExecutivesAaron L. MilfordPresident, Chief Executive Officer & DirectorJames R HoskinSenior Vice President -OperationsJeffrey L. HolmanChief Financial Officer, Treasurer & Executive VPMichael C. PearsonSenior Vice President-Technical ServicesDouglas J. MaySVP, General Counsel, Compliance & Ethics OfficerKey CompetitorsHF SinclairNYSE:DINOPlains All American PipelineNYSE:PAAMplxNYSE:MPLXAPANASDAQ:APAEQTNYSE:EQTView All CompetitorsInsiders & InstitutionsProstatis Group LLCBought 18,252 shares on 3/28/2023Ownership: 0.018%Prostatis Group LLCBought 18,252 shares on 3/23/2023Ownership: 0.018%B. Riley Wealth Advisors Inc.Sold 4,091 shares on 3/15/2023Ownership: 0.048%Mather Group LLC.Bought 4,850 shares on 3/10/2023Ownership: 0.002%Rockefeller Capital Management L.P.Bought 14,755 shares on 3/6/2023Ownership: 0.025%View All Insider TransactionsView All Institutional Transactions MMP Stock - Frequently Asked Questions Should I buy or sell Magellan Midstream Partners stock right now? 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last year. There are currently 2 sell ratings, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MMP shares. 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 MMP analyst ratings or view top-rated stocks. What is Magellan Midstream Partners' stock price forecast for 2023? 11 brokers have issued 12 month price targets for Magellan Midstream Partners' shares. Their MMP share price forecasts range from $49.00 to $59.00. On average, they predict the company's stock price to reach $56.27 in the next year. This suggests a possible upside of 3.7% from the stock's current price. View analysts price targets for MMP or view top-rated stocks among Wall Street analysts. How have MMP shares performed in 2023? Magellan Midstream Partners' stock was trading at $50.21 at the start of the year. Since then, MMP stock has increased by 8.1% and is now trading at $54.26. View the best growth stocks for 2023 here. Are investors shorting Magellan Midstream Partners? Magellan Midstream Partners saw a decline in short interest in February. As of February 15th, there was short interest totaling 6,640,000 shares, a decline of 19.6% from the January 31st total of 8,260,000 shares. Based on an average daily trading volume, of 863,600 shares, the short-interest ratio is currently 7.7 days. Currently, 3.3% of the shares of the company are sold short. View Magellan Midstream Partners' Short Interest. When is Magellan Midstream Partners' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023. View our MMP earnings forecast. How were Magellan Midstream Partners' earnings last quarter? Magellan Midstream Partners, L.P. (NYSE:MMP) issued its quarterly earnings results on Tuesday, November, 2nd. The pipeline company reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.12. The pipeline company earned $639.05 million during the quarter, compared to analyst estimates of $648.14 million. Magellan Midstream Partners had a net margin of 32.38% and a trailing twelve-month return on equity of 54.53%. During the same quarter in the previous year, the company earned $0.97 EPS. 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 Tuesday, January 24th. Shareholders of record on Tuesday, February 7th will be given a dividend of $1.048 per share on Tuesday, February 14th. This represents a $4.19 dividend on an annualized basis and a yield of 7.73%. The ex-dividend date is Monday, February 6th. This is a boost from the stock's previous quarterly dividend of $1.05. Read our dividend analysis for MMP. What ETFs hold Magellan Midstream Partners' stock? ETFs with the largest weight of Magellan Midstream Partners (NYSE:MMP) stock in their portfolio include Alerian MLP ETF (AMLP), Global X MLP ETF (MLPA), InfraCap MLP ETF (AMZA), First Trust North American Energy Infrastructure Fund (EMLP), VanEck Energy Income ETF (EINC), FT Energy Income Partners Strategy ETF (EIPX), Global X MLP & Energy Infrastructure ETF (MLPX) and Alerian Energy Infrastructure ETF (ENFR). Is Magellan Midstream Partners a good dividend stock? Magellan Midstream Partners (NYSE:MMP) pays an annual dividend of $4.19 per share and currently has a dividend yield of 7.92%. MMP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company 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 is 84.65%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, MMP will have a dividend payout ratio of 81.04% in the coming year. This indicates that the company may not be able to sustain their current dividend. Read our dividend analysis for MMP. What guidance has Magellan Midstream Partners issued on next quarter's earnings? Magellan Midstream Partners updated its first quarter 2023 earnings guidance on Thursday, February, 2nd. The company provided earnings per share guidance of $1.20-$1.20 for the period, compared to the consensus estimate of $1.24. The company issued revenue guidance of -. What is Michael N. Mears' approval rating as Magellan Midstream Partners' CEO? 27 employees have rated Magellan Midstream Partners Chief Executive Officer Michael N. Mears on Glassdoor.com. Michael N. Mears has an approval rating of 85% among the company's 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 a number of retail and institutional investors. Top institutional shareholders include Moneta Group Investment Advisors LLC (24.79%), Alps Advisors Inc. (6.43%), Energy Income Partners LLC (3.23%), Morgan Stanley (2.13%), Tortoise Capital Advisors L.L.C. (1.79%) and Cottage Street Advisors LLC (1.71%). Insiders that own company stock include Chansoo Joung, James R Montague, Jung Jennifer Fall, Lisa J Korner and Melanie A Little. View institutional ownership trends. How do I buy shares of Magellan Midstream Partners? Shares of MMP stock 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 $54.26. How much money does Magellan Midstream Partners make? Magellan Midstream Partners (NYSE:MMP) has a market capitalization of $11.03 billion and generates $3.20 billion in revenue each year. The pipeline company earns $1.04 billion in net income (profit) each year or $4.95 on an earnings per share basis. How many employees does Magellan Midstream Partners have? The company employs 1,655 workers across the globe. How can I contact Magellan Midstream Partners? Magellan Midstream Partners' mailing address is One Williams Center P.O. Box 22186, TULSA OK, 74121. The official website for the company is www.magellanlp.com. The pipeline company can be reached via phone at (918) 574-7000, via email at paula.farrell@magellanlp.com, or via fax at 302-655-5049. This page (NYSE:MMP) was last updated on 3/31/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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