NYSE:MMP Magellan Midstream Partners (MMP) Stock Forecast, Price & News $61.16 -0.44 (-0.71%) (As of 05/26/2023 ET) Add Compare Share Share Today's Range$60.95▼$61.8050-Day Range$50.89▼$62.6752-Week Range$44.79▼$64.42Volume1.51 million shsAverage Volume2.38 million shsMarket Capitalization$12.36 billionP/E Ratio11.10Dividend Yield6.85%Price Target$59.46 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Magellan Midstream Partners MarketRank™ ForecastAnalyst RatingHold2.08 Rating ScoreUpside/Downside2.4% Downside$59.68 Price TargetShort InterestHealthy3.82% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.15Based on 12 Articles This WeekInsider TradingN/AProj. Earnings Growth2.97%From $5.05 to $5.20 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.2.14 out of 5 starsOils/Energy Sector158th out of 250 stocksPipelines, Except Natural Gas Industry5th out of 11 stocks 2.0 Analyst's Opinion Consensus RatingMagellan Midstream Partners has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 7 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $59.68, Magellan Midstream Partners has a forecasted downside of 2.4% from its current price of $61.16.Amount of Analyst CoverageMagellan Midstream Partners has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.82% 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 6.Change versus previous monthShort interest in Magellan Midstream Partners has recently decreased by 2.31%, indicating that investor sentiment is improving. Previous Next 3.3 Dividend Strength Dividend LeadershipMagellan Midstream Partners is a leading dividend payer. It pays a dividend yield of 6.73%, 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 76.04%. 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 80.58% 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 2.3 News and Social Media Coverage News SentimentMagellan Midstream Partners has a news sentiment score of 0.15. 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 lower news sentiment than the 0.44 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Magellan Midstream Partners this week, compared to 5 articles on an average week.Search Interest73 people have searched for MMP on MarketBeat in the last 30 days. This is an increase of 70% compared to the previous 30 days.MarketBeat FollowsOnly 15 people have added Magellan Midstream Partners to their MarketBeat watchlist in the last 30 days. This is a decrease of -12% 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 1.9 Earnings and Valuation Earnings GrowthEarnings for Magellan Midstream Partners are expected to grow by 2.97% in the coming year, from $5.05 to $5.20 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Magellan Midstream Partners is 11.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.27.Price to Earnings Ratio vs. SectorThe P/E ratio of Magellan Midstream Partners is 11.10, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 50.73.Price to Book Value per Share RatioMagellan Midstream Partners has a P/B Ratio of 7.35. 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 HeadlinesMay 16, 2023 | marketbeat.comMagellan Midstream Partners Rallies On $18.8 Billion MergerMagellan Midstream Partners is going to be acquired by ONEOK at a hefty premium, the new company represents upside beyond current analyst ratings.May 25, 2023 | americanbankingnews.comBrokerages Set Magellan Midstream Partners, L.P. (NYSE:MMP) Target Price at $59.59May 27, 2023 | Behind the Markets (Ad)Avoid the upcoming bloodbathBy this time next year, millions of retirees are going to be so broke they'll struggle to keep the heat running, and may have to make hard decisions about which medications they can afford. It's all because of an upcoming government announcement that could make last year's record breaking 7% inflation look like nothing. Get the details that could keep your money safe here >>>May 24, 2023 | americanbankingnews.comQ2 2023 Earnings Estimate for Magellan Midstream Partners, L.P. (NYSE:MMP) Issued By US Capital AdvisorsMay 23, 2023 | seekingalpha.comMagellan Midstream Partners, L.P. (MMP) 20th Annual Energy Infrastructure CEO & Investor Conference (Transcript)May 23, 2023 | seekingalpha.comMagellan Midstream Partners, L.P. (MMP) Presents at the 20th Annual Energy Infrastructure CEO & Investor Conference (Transcript)May 22, 2023 | forbes.comMagellan Midstream Is Merging And Others Will FollowMay 22, 2023 | americanbankingnews.comMagellan Midstream Partners (NYSE:MMP) Cut to Hold at US Capital AdvisorsMay 27, 2023 | Behind the Markets (Ad)Avoid the upcoming bloodbathBy this time next year, millions of retirees are going to be so broke they'll struggle to keep the heat running, and may have to make hard decisions about which medications they can afford. It's all because of an upcoming government announcement that could make last year's record breaking 7% inflation look like nothing. Get the details that could keep your money safe here >>>May 20, 2023 | americanbankingnews.comMagellan Midstream Partners (NYSE:MMP) Rating Lowered to Hold at Stifel NicolausMay 20, 2023 | americanbankingnews.comMagellan Midstream Partners (NYSE:MMP) Cut to "Tender" at TD SecuritiesMay 20, 2023 | americanbankingnews.comMagellan Midstream Partners (NYSE:MMP) Lowered to Neutral at CitigroupMay 19, 2023 | msn.comStifel Downgrades Magellan Midstream Partners (MMP)May 18, 2023 | msn.comCitigroup Downgrades Magellan Midstream Partners (MMP)May 18, 2023 | benzinga.comSHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Magellan Midstream Partners, L.P. BuyoutMay 18, 2023 | finance.yahoo.comONEOK Buys Magellan (MMP) for $18.8B, Creates Midstream GiantMay 18, 2023 | finance.yahoo.comMagellan Midstream to Participate in the 20th Annual EIC Investor ConferenceMay 18, 2023 | seekingalpha.comONEOK Buying Magellan Creates 6.7% Yielding Life-Changing OpportunityMay 17, 2023 | americanbankingnews.comRoyal Bank of Canada Downgrades Magellan Midstream Partners (NYSE:MMP) to Sector PerformMay 17, 2023 | markets.businessinsider.comMagellan Midstream (MMP) was downgraded to a Hold Rating at CitigroupMay 17, 2023 | americanbankingnews.comMizuho Increases Magellan Midstream Partners (NYSE:MMP) Price Target to $56.00May 17, 2023 | americanbankingnews.comMagellan Midstream Partners (NYSE:MMP) Sets New 52-Week High After Analyst UpgradeMay 16, 2023 | nasdaq.comMizuho Maintains Magellan Midstream Partners (MMP) Neutral RecommendationMay 16, 2023 | finance.yahoo.comMagellan Midstream Holders Face Big Tax Hit From Oneok DealMay 16, 2023 | seekingalpha.comONEOK Acquiring Magellan Midstream Partners: Valuation Nice, Taxes Add WrinkleMay 15, 2023 | bizjournals.comMagellan Midstream Partners to be acquired by fellow Oklahoma company in $18.8B dealMay 15, 2023 | msn.comOneok plunges as analysts question Magellan Midstream deal logicSee 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 Earnings5/04/2023Ex-Dividend for 5/15 Dividend5/05/2023Dividend Payable5/15/2023Today5/27/2023Next Earnings (Estimated)7/27/2023Fiscal 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$59.68 High Stock Price Forecast$67.50 Low Stock Price Forecast$49.00 Forecasted Upside/Downside-2.8%Consensus RatingHold Rating Score (0-4)2.08 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)$5.51 Trailing P/E Ratio11.10 Forward P/E Ratio12.11 P/E GrowthN/ANet Income$1.04 billion Net Margins33.72% Pretax Margin28.68% Return on Equity57.78% Return on Assets12.87% Debt Debt-to-Equity Ratio2.96 Current Ratio0.97 Quick Ratio0.44 Sales & Book Value Annual Sales$3.20 billion Price / Sales3.86 Cash Flow$6.04 per share Price / Cash Flow10.13 Book Value$8.32 per share Price / Book7.35Miscellaneous Outstanding Shares202,100,000Free Float201,449,000Market Cap$12.36 billion OptionableOptionable Beta0.91 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 CompetitorsPlains All American PipelineNYSE:PAAHF SinclairNYSE:DINOMplxNYSE:MPLXEQTNYSE:EQTEvergyNYSE:EVRGView All CompetitorsInsiders & InstitutionsProShare Advisors LLCBought 19,446 shares on 5/26/2023Ownership: 0.010%Old North State Trust LLCSold 371 shares on 5/24/2023Ownership: 0.001%Old North State Trust LLCSold 2,317 shares on 5/23/2023Ownership: 0.000%Ameriprise Financial Inc.Bought 1,868 shares on 5/22/2023Ownership: 0.017%Centaurus Financial Inc.Bought 354 shares on 5/18/2023Ownership: 0.001%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 analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last twelve months. There are currently 2 sell ratings, 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 Wall Street research analysts have issued twelve-month target prices for Magellan Midstream Partners' stock. Their MMP share price forecasts range from $49.00 to $67.50. On average, they anticipate the company's stock price to reach $59.68 in the next year. This suggests that the stock has a possible downside of 2.4%. 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 on January 1st, 2023. Since then, MMP shares have increased by 21.8% and is now trading at $61.16. View the best growth stocks for 2023 here. When is Magellan Midstream Partners' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023. View our MMP earnings forecast. How were Magellan Midstream Partners' earnings last quarter? Magellan Midstream Partners, L.P. (NYSE:MMP) posted its quarterly earnings results on Thursday, May, 4th. The pipeline company reported $1.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.11. The pipeline company earned $869.70 million during the quarter, compared to the consensus estimate of $731.28 million. Magellan Midstream Partners had a trailing twelve-month return on equity of 57.78% and a net margin of 33.72%. Magellan Midstream Partners's revenue for the quarter was up 28.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.08 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 Thursday, April 27th. Investors of record on Monday, May 8th will be paid a dividend of $1.0475 per share on Monday, May 15th. This represents a $4.19 annualized dividend and a yield of 6.85%. The ex-dividend date of this dividend is Friday, May 5th. 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), Global X MLP & Energy Infrastructure ETF (MLPX), FT Energy Income Partners Strategy ETF (EIPX) and Unusual Whales Subversive Republican Trading ETF (KRUZ). 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 6.80%. 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 76.04%. 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 80.58% 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 second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of $1.10-$1.10 for the period, compared to the consensus estimate of $1.13. 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 variety of institutional and retail investors. Top institutional shareholders include Tortoise Capital Advisors L.L.C. (1.76%), Mirae Asset Global Investments Co. Ltd. (1.73%), UBS Group AG (1.55%), Clearbridge Investments LLC (1.44%), Chickasaw Capital Management LLC (1.39%) and Bank of America Corp DE (0.91%). 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 $61.16. How much money does Magellan Midstream Partners make? Magellan Midstream Partners (NYSE:MMP) has a market capitalization of $12.36 billion and generates $3.20 billion in revenue each year. The pipeline company earns $1.04 billion in net income (profit) each year or $5.51 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 5/27/2023 by MarketBeat.com Staff 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. 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. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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