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

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, July 25th. Investors of record on Wednesday, August 7th will be given a dividend of $1.013 per share on Wednesday, August 14th. This represents a $4.05 annualized dividend and a yield of 6.15%. The ex-dividend date of this dividend is Tuesday, August 6th. This is a positive change from Magellan Midstream Partners's previous quarterly dividend of $0.92. View Magellan Midstream Partners' Dividend History.

Magellan Midstream Partners, L.P. (NYSE:MMP) released its quarterly earnings data on Thursday, August, 1st. The pipeline company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. The pipeline company earned $701.70 million during the quarter, compared to analyst estimates of $658.67 million. Magellan Midstream Partners had a net margin of 48.33% and a return on equity of 38.48%. Magellan Midstream Partners's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 EPS. View Magellan Midstream Partners' Earnings History.

Magellan Midstream Partners is scheduled to release their next quarterly earnings announcement on Thursday, November 7th 2019. View Earnings Estimates for Magellan Midstream Partners.

Magellan Midstream Partners issued an update on its third quarter 2019 earnings guidance on Thursday, August, 1st. The company provided earnings per share (EPS) guidance of $1.03-1.03 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.04.

15 analysts have issued twelve-month price targets for Magellan Midstream Partners' shares. Their forecasts range from $56.00 to $76.00. On average, they anticipate Magellan Midstream Partners' share price to reach $69.00 in the next year. This suggests a possible upside of 4.8% from the stock's current price. View Analyst Price Targets for Magellan Midstream Partners.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last year. There are currently 1 sell rating, 10 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Magellan Midstream Partners.

Headlines about MMP stock have trended positive recently, according to InfoTrie. The research firm identifies positive and negative media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Magellan Midstream Partners earned a media sentiment score of 2.5 on InfoTrie's scale. They also gave media stories about the pipeline company a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the company's share price in the next few days. View News Stories for Magellan Midstream Partners.

Magellan Midstream Partners saw a decrease in short interest in July. As of July 31st, there was short interest totalling 7,035,800 shares, a decrease of 9.8% from the June 30th total of 7,799,200 shares. Based on an average trading volume of 794,700 shares, the days-to-cover ratio is currently 8.9 days. Approximately 3.1% of the company's stock are short sold. View Magellan Midstream Partners' Current Options Chain.

Some companies that are related to Magellan Midstream Partners include Mplx (MPLX), Plains All American Pipeline (PAA), Andeavor Logistics (ANDX), Phillips 66 Partners (PSXP), 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), Energy Transfer LP Unit (ET), Verizon Communications (VZ), AbbVie (ABBV), Johnson & Johnson (JNJ), Cisco Systems (CSCO), General Electric (GE), Exxon Mobil (XOM) and NVIDIA (NVDA).

Magellan Midstream Partners' stock is owned by many different of institutional and retail investors. Top institutional investors include Tortoise Capital Advisors L.L.C. (6.80%), Alps Advisors Inc. (6.04%), Invesco Ltd. (4.45%), Janus Henderson Group PLC (2.50%), Janus Henderson Group PLC (2.50%) and UBS Group AG (2.48%). 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 JPMorgan Chase & Co., Alps Advisors Inc., Tortoise Capital Advisors L.L.C., Quest Capital Management Inc. ADV, Texas Yale Capital Corp., Bank of America Corp DE, Perella Weinberg Partners Capital Management LP and Westwood Holdings Group Inc.. Company insiders that have sold Magellan Midstream Partners company stock in the last year include Douglas J May, 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 Invesco Ltd., Janus Henderson Group PLC, Janus Henderson Group PLC, Kayne Anderson Capital Advisors LP, Bank of Montreal Can, UBS Group AG, Brookfield Asset Management Inc. and Moneta Group Investment Advisors 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, Scottrade, Fidelity and Charles Schwab.

One share of MMP stock can currently be purchased for approximately $65.84.

Magellan Midstream Partners has a market capitalization of $15.04 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]