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

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$59.33 +0.03 (+0.05 %)
(As of 12/12/2018 06:55 AM ET)
Previous Close$59.30
Today's Range$59.14 - $60.41
52-Week Range$54.82 - $75.82
Volume956,400 shs
Average Volume898,118 shs
Market Capitalization$13.50 billion
P/E Ratio15.57
Dividend Yield6.61%
Beta0.81
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

Stock Exchange NYSE
Industry Pipelines, except natural gas
Sub-IndustryN/A
SectorOils/Energy
Current SymbolNYSE:MMP
Previous Symbol
CUSIPN/A
Phone918-574-7000

Debt

Debt-to-Equity Ratio1.46
Current Ratio0.60
Quick Ratio0.44

Price-To-Earnings

Trailing P/E Ratio15.57
Forward P/E Ratio13.77
P/E Growth2.29

Sales & Book Value

Annual Sales$2.51 billion
Price / Sales5.40
Cash Flow$4.6864 per share
Price / Cash Flow12.66
Book Value$9.34 per share
Price / Book6.35

Profitability

EPS (Most Recent Fiscal Year)$3.81
Net Income$869.53 million
Net Margins47.75%
Return on Equity43.31%
Return on Assets12.99%

Miscellaneous

Employees1,802
Outstanding Shares228,200,000
Market Cap$13.50 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 announced a quarterly dividend on Friday, October 26th. Shareholders of record on Wednesday, November 7th will be paid a dividend of $0.9775 per share on Wednesday, November 14th. This represents a $3.91 annualized dividend and a yield of 6.59%. The ex-dividend date of this dividend is Tuesday, November 6th. This is an increase 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) posted its quarterly earnings data on Thursday, November, 1st. The pipeline company reported $1.10 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.03 by $0.07. The pipeline company earned $638 million during the quarter, compared to analyst estimates of $621.97 million. Magellan Midstream Partners had a net margin of 47.75% and a return on equity of 43.31%. The firm's quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm 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, February 7th 2019. View Earnings Estimates for Magellan Midstream Partners.

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

Magellan Midstream Partners issued an update on its FY 2018 earnings guidance on Thursday, November, 1st. The company provided earnings per share guidance of $5.70-5.70 for the period, compared to the Thomson Reuters consensus 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 brokerages have issued 1 year price objectives for Magellan Midstream Partners' stock. Their predictions range from $67.00 to $85.00. On average, they anticipate Magellan Midstream Partners' stock price to reach $74.40 in the next twelve months. This suggests a possible upside of 25.4% 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, 11 hold ratings and 5 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 trended somewhat negative recently, according to InfoTrie. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Magellan Midstream Partners earned a coverage optimism score of -1.3 on InfoTrie's scale. They also assigned news coverage about the pipeline company a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an impact on the company'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 55)
  • Mr. Aaron L. Milford, Sr. VP & CFO of Magellan GP, LLC (Age 44)
  • Ms. Lisa J. Korner, Sr. VP of HR & Admin. - Magellan GP LLC (Age 57)
  • Mr. Douglas J. May, SVP, Gen. Counsel, Compliance & Ethics Officer & Asst. Sec. of Magellan GP LLC (Age 47)
  • Mr. Jeff R. Selvidge, Sr. VP of Commercial for Refined Products - Magellan GP LLC (Age 57)

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 Tortoise Capital Advisors L.L.C. (7.37%), Alps Advisors Inc. (6.40%), OppenheimerFunds Inc. (4.94%), JPMorgan Chase & Co. (1.86%), Kayne Anderson Capital Advisors LP (1.71%) and Clearbridge Investments LLC (1.44%). 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 institutional investors are selling Magellan Midstream Partners stock?

MMP stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, OppenheimerFunds Inc., Alps Advisors Inc., Morgan Stanley, Perella Weinberg Partners Capital Management LP, Epoch Investment Partners Inc., JPMorgan Chase & Co. and Renaissance Technologies LLC. Company insiders that have sold Magellan Midstream Partners company stock in the last year include Douglas J May, Jeff R Selvidge and Michael N Mears. 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 Tortoise Capital Advisors L.L.C., Mirae Asset Global Investments Co. Ltd., Virtus ETF Advisers LLC, Wells Fargo & Company MN, Deutsche Bank AG, MetLife Investment Advisors LLC, Commonwealth of Pennsylvania Public School Empls Retrmt SYS and Advisory Research Inc.. 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 $59.33.

How big of a company is Magellan Midstream Partners?

Magellan Midstream Partners has a market capitalization of $13.50 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:  430 (Vote Outperform)
Underperform Votes:  482 (Vote Underperform)
Total Votes:  912
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 12/12/2018 by MarketBeat.com Staff

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