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

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

Magellan Midstream Partners declared a quarterly dividend on Wednesday, January 22nd. Investors of record on Friday, February 7th will be given a dividend of $1.0275 per share on Friday, February 14th. This represents a $4.11 annualized dividend and a yield of 6.84%. The ex-dividend date of this dividend is Thursday, February 6th. This is an increase from Magellan Midstream Partners's previous quarterly dividend of $1.02. View Magellan Midstream Partners' Dividend History.

Magellan Midstream Partners, L.P. (NYSE:MMP) announced its quarterly earnings results on Thursday, January, 30th. The pipeline company reported $1.25 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 37.42% and a return on equity of 41.22%. The company's revenue was down 14.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.25 earnings per share. View Magellan Midstream Partners' Earnings History.

Magellan Midstream Partners is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for Magellan Midstream Partners.

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

12 brokerages have issued 1 year price objectives for Magellan Midstream Partners' stock. Their forecasts range from $58.00 to $75.00. On average, they anticipate Magellan Midstream Partners' share price to reach $68.33 in the next year. This suggests a possible upside of 13.8% from the stock's current price. View Analyst Price Targets for Magellan Midstream Partners.

12 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 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Magellan Midstream Partners.

Media stories about MMP stock have been trending somewhat positive this week, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Magellan Midstream Partners earned a news sentiment score of 1.8 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 press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Magellan Midstream Partners.

Some companies that are related to Magellan Midstream Partners include Mplx (MPLX), Phillips 66 Partners (PSXP), Plains All American Pipeline (PAA), Buckeye Partners (BPL), Shell Midstream Partners (SHLX), Plains GP (PAGP), NuStar Energy (NS), Holly Energy Partners (HEP), BP Midstream Partners (BPMP), PBF Logistics (PBFX), Noble Midstream Partners (NBLX), Delek Logistics Partners (DKL) and Blueknight Energy Partners (BKEP).

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).

Magellan Midstream Partners' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Alps Advisors Inc. (5.52%), UBS Group AG (2.20%), Kayne Anderson Capital Advisors LP (2.19%), Brookfield Public Securities Group LLC (1.44%), Chickasaw Capital Management LLC (1.29%) and CIBC Private Wealth Group LLC (0.97%). 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.

MMP stock was sold by a variety of institutional investors in the last quarter, including 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, Miller Howard Investments Inc. NY and Moors & Cabot Inc.. Company insiders that have sold Magellan Midstream Partners company stock in the last year include James R Montague, Jeff R Selvidge, Lisa J Korner, Michael N Mears and Robert G Croyle. View Insider Buying and Selling for Magellan Midstream Partners.

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

One share of MMP stock can currently be purchased for approximately $60.06.

Magellan Midstream Partners has a market capitalization of $13.72 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 1,868 workers across the globe.View Additional Information About Magellan Midstream Partners.

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

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]