S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69
S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69
S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69
S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69

Magellan Midstream Partners Stock Forecast, Price & News

$47.51
-0.48 (-1.00%)
(As of 01/21/2022 04:00 PM ET)
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Today's Range
$47.00
$48.16
50-Day Range
$43.99
$49.63
52-Week Range
$39.93
$53.85
Volume
1.04 million shs
Average Volume
975,112 shs
Market Capitalization
$10.14 billion
P/E Ratio
11.45
Dividend Yield
8.65%
Beta
1.13
30 days | 90 days | 365 days | Advanced Chart
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Magellan Midstream Partners logo

About Magellan Midstream Partners

Magellan Midstream Partners LP engages in the transportation, storage and distribution of petroleum products. 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. The Crude Oil segment comprises of crude oil pipelines, splitter and storage facilities which are used for contract storage. The Marine Storage segment includes marine terminals located along coastal waterways. The company was founded in August 2000 and is headquartered in Tulsa, OK.

Headlines

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Industry, Sector and Symbol

Industry
Pipelines, except natural gas
Sub-Industry
N/A
Employees
1,720
Year Founded
2000

Sales & Book Value

Annual Sales
$2.43 billion
Cash Flow
$4.87 per share
Book Value
$10.30 per share

Profitability

Net Income
$816.97 million
Pretax Margin
35.63%

Debt

Price-To-Earnings

Miscellaneous

Free Float
212,741,000
Market Cap
$10.14 billion
Optionable
Optionable

Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 11/12 Dividend
11/04/2021
Dividend Payable
11/12/2021
Today
1/23/2022
Next Earnings (Confirmed)
2/02/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.38 out of 5 stars

Oils/Energy Sector

79th out of 361 stocks

Pipelines, Except Natural Gas Industry

7th out of 21 stocks

Analyst Opinion: 2.0Community Rank: 4.3Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -












Magellan Midstream Partners (NYSE:MMP) Frequently Asked Questions

Is Magellan Midstream Partners a buy right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last twelve months. There are currently 2 sell ratings, 10 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Magellan Midstream Partners stock. 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 analyst ratings for Magellan Midstream Partners
or view top-rated stocks.

How has Magellan Midstream Partners' stock price been impacted by COVID-19 (Coronavirus)?

Magellan Midstream Partners' stock was trading at $44.25 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MMP stock has increased by 7.4% and is now trading at $47.51.
View which stocks have been most impacted by COVID-19
.

When is Magellan Midstream Partners' next earnings date?

Magellan Midstream Partners is scheduled to release its next quarterly earnings announcement on Wednesday, February 2nd 2022.
View our earnings forecast for Magellan Midstream Partners
.

How can I listen to Magellan Midstream Partners' earnings call?

Magellan Midstream Partners will be holding an earnings conference call on Wednesday, February 2nd at 1:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Magellan Midstream Partners' earnings last quarter?

Magellan Midstream Partners, L.P. (NYSE:MMP) issued its earnings results on Tuesday, November, 2nd. The pipeline company reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.96 by $0.12. The pipeline company had revenue of $639.05 million for the quarter, compared to analyst estimates of $648.14 million. Magellan Midstream Partners had a net margin of 36.31% and a trailing twelve-month return on equity of 44.78%. During the same period in the previous year, the business earned $0.97 earnings per share.
View Magellan Midstream Partners' earnings history
.

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 Wednesday, October 20th. Stockholders of record on Friday, November 5th will be paid a dividend of $1.038 per share on Friday, November 12th. This represents a $4.15 annualized dividend and a dividend yield of 8.74%. The ex-dividend date is Thursday, November 4th. This is a boost from Magellan Midstream Partners's previous quarterly dividend of $1.03.
View Magellan Midstream Partners' dividend history
.

Is Magellan Midstream Partners a good dividend stock?

Magellan Midstream Partners pays an annual dividend of $4.15 per share and currently has a dividend yield of 8.65%. MMP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Magellan Midstream Partners 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 of Magellan Midstream Partners is 100.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Magellan Midstream Partners will have a dividend payout ratio of 96.29% in the coming year. This indicates that Magellan Midstream Partners may not be able to sustain their current dividend.
View Magellan Midstream Partners' dividend history.

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

Magellan Midstream Partners updated its fourth quarter 2021 earnings guidance on Tuesday, November, 9th. The company provided earnings per share guidance of $1.100-$1.100 for the period, compared to the Thomson Reuters consensus estimate of $1.040. The company issued revenue guidance of -.

What price target have analysts set for MMP?

14 brokerages have issued 1 year price targets for Magellan Midstream Partners' stock. Their forecasts range from $42.00 to $53.00. On average, they anticipate Magellan Midstream Partners' share price to reach $49.50 in the next twelve months. This suggests a possible upside of 4.2% from the stock's current price.
View analysts' price targets for Magellan Midstream Partners
or view top-rated stocks among Wall Street analysts.

Who are Magellan Midstream Partners' key executives?

Magellan Midstream Partners' management team includes the following people:
  • Michael N. Mears, Chairman, President & Chief Executive Officer
  • Aaron L. Milford, Chief Operating Officer
  • Jeffrey Holman, CFO, Treasurer & Senior Vice President
  • Michael C. Pearson, Senior Vice President-Technical Services
  • Douglas J. May, SVP, General Counsel, Compliance & Ethics Officer

What is Michael N. Mears' approval rating as Magellan Midstream Partners' CEO?

27 employees have rated Magellan Midstream Partners CEO Michael N. Mears on Glassdoor.com. Michael N. Mears has an approval rating of 85% among Magellan Midstream Partners' 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 institutional and retail investors. Top institutional shareholders include Chickasaw Capital Management LLC (1.44%), Spirit of America Management Corp NY (0.11%), Capital Investment Advisors LLC (0.11%), Gibraltar Capital Management Inc. (0.06%), Gilman Hill Asset Management LLC (0.05%) and Insight Folios Inc (0.05%). Company insiders that own Magellan Midstream Partners stock include Chansoo Joung, James R Montague, Jeff R Selvidge, Jung Jennifer Fall, Lisa J Korner and Melanie A Little.
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 Russell Investments Group Ltd., Chickasaw Capital Management LLC, Parallel Advisors LLC, Icon Wealth Partners LLC, Capital Investment Advisors LLC, Gibraltar Capital Management Inc., ProVise Management Group LLC, and Beacon Financial Group. Company insiders that have sold Magellan Midstream Partners company stock in the last year include Jung Jennifer Fall, Lisa J Korner, and Melanie A Little.
View insider buying and selling activity for Magellan Midstream Partners
or view top insider-selling stocks.

Which major investors are buying Magellan Midstream Partners stock?

MMP stock was acquired by a variety of institutional investors in the last quarter, including Aries Wealth Management, Lindbrook Capital LLC, Spire Wealth Management, Arkfeld Wealth Strategies L.L.C., Wedmont Private Capital, ACG Wealth, Gilman Hill Asset Management LLC, and HighTower Trust Services LTA.
View insider buying and selling activity for Magellan Midstream Partners
or or view top insider-buying stocks.

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 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 $47.51.

How much money does Magellan Midstream Partners make?

Magellan Midstream Partners has a market capitalization of $10.14 billion and generates $2.43 billion in revenue each year. The pipeline company earns $816.97 million in net income (profit) each year or $4.15 on an earnings per share basis.

How many employees does Magellan Midstream Partners have?

Magellan Midstream Partners employs 1,720 workers across the globe.

When was Magellan Midstream Partners founded?

Magellan Midstream Partners was founded in 2000.

What is Magellan Midstream Partners' official website?

The official website for Magellan Midstream Partners is www.magellanlp.com.

Where are Magellan Midstream Partners' headquarters?

Magellan Midstream Partners is headquartered at One Williams Center P.O. Box 22186, TULSA OK, 74121.

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, via email at [email protected], or via fax at 302-655-5049.


This page was last updated on 1/23/2022 by MarketBeat.com Staff

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