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

$55.14
-1.86 (-3.26 %)
(As of 02/27/2020 04:00 PM ET)
Today's Range
$54.03
Now: $55.14
$56.69
50-Day Range
$57.00
MA: $61.85
$65.08
52-Week Range
$54.03
Now: $55.14
$67.75
Volume2.82 million shs
Average Volume1.29 million shs
Market Capitalization$12.56 billion
P/E Ratio12.36
Dividend Yield7.21%
Beta0.69
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.73 billion
Cash Flow$5.58 per share
Book Value$11.92 per share

Profitability

Net Income$1.02 billion

Miscellaneous

Employees1,884
Market Cap$12.56 billion
Next Earnings Date5/6/2020 (Estimated)
OptionableOptionable

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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 Wednesday, January 22nd. Stockholders of record on Friday, February 7th will be paid a dividend of $1.0275 per share on Friday, February 14th. This represents a $4.11 annualized dividend and a dividend yield of 7.45%. The ex-dividend date of this dividend is Thursday, February 6th. This is a positive change from Magellan Midstream Partners's previous quarterly dividend of $1.02. View Magellan Midstream Partners' Dividend History.

How were Magellan Midstream Partners' earnings last quarter?

Magellan Midstream Partners, L.P. (NYSE:MMP) released its quarterly earnings data on Thursday, January, 30th. The pipeline company reported $1.25 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.18 by $0.07. The pipeline company earned $740.68 million during the quarter, compared to analysts' expectations of $840.57 million. Magellan Midstream Partners had a return on equity of 40.94% and a net margin of 37.42%. Magellan Midstream Partners's revenue was down 14.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.25 earnings per share. 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 Wednesday, May 6th 2020. View Earnings Estimates for Magellan Midstream Partners.

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

Magellan Midstream Partners updated its FY20 earnings guidance on Thursday, January, 30th. The company provided earnings per share guidance of Approx $4.39 for the period, compared to the Thomson Reuters consensus estimate of $4.73.

What price target have analysts set for MMP?

13 brokers have issued 1-year price objectives for Magellan Midstream Partners' shares. Their forecasts range from $58.00 to $75.00. On average, they anticipate Magellan Midstream Partners' share price to reach $68.23 in the next year. This suggests a possible upside of 23.7% from the stock's current price. View Analyst Price Targets for Magellan Midstream Partners.

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

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last year. There are currently 1 sell rating, 4 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Magellan Midstream Partners.

Has Magellan Midstream Partners been receiving favorable news coverage?

Media headlines about MMP stock have trended somewhat negative this week, InfoTrie reports. The research group scores the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Magellan Midstream Partners earned a coverage optimism score of -1.7 on InfoTrie's scale. They also assigned news headlines about the pipeline company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Magellan Midstream Partners.

Are investors shorting Magellan Midstream Partners?

Magellan Midstream Partners saw a increase in short interest in February. As of February 14th, there was short interest totalling 4,390,000 shares, an increase of 6.6% from the January 30th total of 4,120,000 shares. Based on an average daily volume of 1,040,000 shares, the days-to-cover ratio is presently 4.2 days. Currently, 1.9% of the shares of the company are sold short. View Magellan Midstream Partners' Current Options Chain.

Who are some of Magellan Midstream Partners' key 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), AbbVie (ABBV), Energy Transfer LP Unit (ET), Verizon Communications (VZ), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Exxon Mobil (XOM), Pfizer (PFE) and NVIDIA (NVDA).

Who are Magellan Midstream Partners' key executives?

Magellan Midstream Partners' management team includes the folowing people:
  • Michael N. Mears, Chairman, President & Chief Executive Officer
  • Melanie A. Little, Senior Vice President-Operations
  • Aaron L. Milford, Senior VP, Chief Financial & Accounting Officer
  • Larry J. Davied, Senior Vice President-Technical Services
  • Douglas J. May, SVP, General Counsel, Compliance & Ethics Officer

Who are Magellan Midstream Partners' major shareholders?

Magellan Midstream Partners' stock is owned by many different of retail and institutional investors. Top institutional investors include Tortoise Capital Advisors L.L.C. (7.43%), Alps Advisors Inc. (5.52%), Janus Henderson Group PLC (2.99%), UBS Group AG (2.20%), Kayne Anderson Capital Advisors LP (2.19%) and Brookfield Public Securities Group LLC (1.44%). 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., UBS Group AG, Eagle Global Advisors LLC, Westwood Holdings Group Inc., Chickasaw Capital Management LLC, Kayne Anderson Capital Advisors LP, Commonwealth of Pennsylvania Public School Empls Retrmt SYS and Miller Howard Investments Inc. NY. 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 for Magellan Midstream Partners.

Which institutional investors are buying Magellan Midstream Partners stock?

MMP stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Janus Henderson Group PLC, Credit Suisse AG, Alps Advisors Inc., Brookfield Public Securities Group LLC, Mitsubishi UFJ Trust & Banking Corp, Cohen & Steers Inc. and Skandinaviska Enskilda Banken AB publ . 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, Robinhood, Fidelity and Charles Schwab.

What is Magellan Midstream Partners' stock price today?

One share of MMP stock can currently be purchased for approximately $55.14.

How big of a company is Magellan Midstream Partners?

Magellan Midstream Partners has a market capitalization of $12.56 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.View Additional Information About Magellan Midstream Partners.

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:  2.3 out of 5 (star star)
Outperform Votes:  487 (Vote Outperform)
Underperform Votes:  562 (Vote Underperform)
Total Votes:  1,049
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 2/27/2020 by MarketBeat.com Staff

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