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 announced a quarterly dividend on Thursday, October 24th. Shareholders of record on Thursday, November 7th will be given a dividend of $1.02 per share on Thursday, November 14th. This represents a $4.08 annualized dividend and a dividend yield of 6.29%. The ex-dividend date is Wednesday, November 6th. This is a positive change from Magellan Midstream Partners's previous quarterly dividend of $1.01. View Magellan Midstream Partners' Dividend History.

Magellan Midstream Partners, L.P. (NYSE:MMP) released its quarterly earnings results on Thursday, October, 31st. The pipeline company reported $1.19 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.09 by $0.10. The pipeline company had revenue of $656.60 million for the quarter, compared to the consensus estimate of $673.05 million. Magellan Midstream Partners had a net margin of 36.75% and a return on equity of 38.78%. The firm's revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.10 earnings per share. View Magellan Midstream Partners' Earnings History.

Magellan Midstream Partners is scheduled to release their next quarterly earnings announcement on Thursday, January 30th 2020. View Earnings Estimates for Magellan Midstream Partners.

Magellan Midstream Partners will be holding an earnings conference call on Thursday, January 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Magellan Midstream Partners updated its fourth quarter earnings guidance on Thursday, October, 31st. The company provided earnings per share (EPS) guidance of $1.13 for the period, compared to the Thomson Reuters consensus estimate of $1.14.

13 brokerages have issued twelve-month price targets for Magellan Midstream Partners' shares. Their forecasts range from $56.00 to $75.00. On average, they expect Magellan Midstream Partners' share price to reach $68.00 in the next year. This suggests a possible upside of 4.9% from the stock's current price. View Analyst Price Targets 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, 5 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Magellan Midstream Partners.

News articles about MMP stock have been trending somewhat negative on Wednesday, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Magellan Midstream Partners earned a daily sentiment score of -1.5 on InfoTrie's scale. They also gave media headlines about the pipeline company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. 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 General Electric (GE).

Magellan Midstream Partners' stock is owned by many different of institutional and retail investors. Top institutional investors include Chickasaw Capital Management LLC (1.29%), Spirit of America Management Corp NY (0.12%), Walnut Private Equity Partners LLC (0.11%), Capital Investment Advisors LLC (0.05%), Janney Montgomery Scott LLC (0.04%) and Brasada Capital Management LP (0.03%). 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 Chickasaw Capital Management LLC, Janney Montgomery Scott LLC, Diversified Trust Co, Spirit of America Management Corp NY, Endurance Wealth Management Inc., Brasada Capital Management LP, FLC Capital Advisors and Aua Capital Management LLC. 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 Capital Investment Advisors LLC, Walnut Private Equity Partners LLC, 180 Wealth Advisors LLC, Beacon Financial Group, Ipswich Investment Management Co. Inc., Raymond James Trust N.A., Bridger Capital Management LLC and Private Trust Co. NA. 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 $64.85.

Magellan Midstream Partners has a market capitalization of $14.81 billion and generates $2.83 billion in revenue each year. The pipeline company earns $1.33 billion in net income (profit) each year or $4.25 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]