NYSE:MMP - Magellan Midstream Partners Stock Price, Price Target & More

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

Magellan Midstream Partners announced a quarterly dividend on Friday, April 27th. Stockholders of record on Sunday, August 5th will be paid a dividend of $0.9375 per share on Tuesday, May 15th. This represents a $3.75 annualized dividend and a dividend yield of 5.39%. The ex-dividend date of this dividend is Monday, May 7th. This is a boost from Magellan Midstream Partners's previous quarterly dividend of $0.92. View Magellan Midstream Partners' Dividend History.

Magellan Midstream Partners, L.P. (NYSE:MMP) announced its quarterly earnings results on Thursday, May, 3rd. The pipeline company reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The pipeline company had revenue of $679 million for the quarter, compared to analyst estimates of $669.70 million. Magellan Midstream Partners had a net margin of 33.71% and a return on equity of 41.57%. The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 EPS. View Magellan Midstream Partners' Earnings History.

Magellan Midstream Partners is scheduled to release their next quarterly earnings announcement on Thursday, August, 2nd 2018. View Earnings Estimates for Magellan Midstream Partners.

14 analysts have issued 12 month target prices for Magellan Midstream Partners' shares. Their predictions range from $66.00 to $85.00. On average, they anticipate Magellan Midstream Partners' share price to reach $74.3333 in the next twelve months. This suggests a possible upside of 6.9% from the stock's current price. View Analyst Ratings for Magellan Midstream Partners.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last year. There are currently 3 sell ratings, 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

Some companies that are related to Magellan Midstream Partners include Enbridge (ENB), Mplx (MPLX), Energy Transfer Partners (ETP), Plains All American Pipeline (PAA), Andeavor Logistics (ANDX), Phillips 66 Partners (PSXP), Shell Midstream Partners (SHLX), Buckeye Partners (BPL), Plains GP (PAGP), Enbridge Energy Partners (EEP), Holly Energy Partners (HEP), Valero Energy Partners (VLP), NuStar Energy (NS), BP Midstream Partners (BPMP) and Noble Midstream Partners (NBLX).

News coverage about MMP stock has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Magellan Midstream Partners earned a news sentiment score of 0.12 on Accern's scale. They also gave news coverage about the pipeline company an impact score of 44.19 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.

Magellan Midstream Partners' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (0.92%), Miller Howard Investments Inc. NY (0.64%), Creative Planning (0.56%), Northstar Investment Advisors LLC (0.05%), Westpac Banking Corp (0.04%) and Port Capital LLC (0.04%). Company insiders that own Magellan Midstream Partners stock include Douglas J May, Jeff R Selvidge, Lisa J Korner and Michael N Mears. View Institutional Ownership Trends for Magellan Midstream Partners.

MMP stock was sold by a variety of institutional investors in the last quarter, including Selz Capital LLC, Creative Planning, Bank of Montreal Can, Edge Wealth Management LLC, Adams Asset Advisors LLC, Westpac Banking Corp, Clinton Group Inc. and Washington Trust Bank. Company insiders that have sold Magellan Midstream Partners company stock in the last year include Jeff R Selvidge and Michael N Mears. View Insider Buying and Selling for Magellan Midstream Partners.

MMP stock was acquired by a variety of institutional investors in the last quarter, including Miller Howard Investments Inc. NY, Northstar Investment Advisors LLC, Chicago Capital LLC, Steward Partners Investment Advisory LLC, Mycio Wealth Partners LLC, Catawba Capital Management VA, Port Capital LLC and MHI Funds 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 $69.55.

Magellan Midstream Partners has a market capitalization of $15.87 billion and generates $2.51 billion in revenue each year. The pipeline company earns $869.53 million in net income (profit) each year or $3.81 on an earnings per share basis. Magellan Midstream Partners employs 1,802 workers across the globe.

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]