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

$60.06
+0.83 (+1.40 %)
(As of 02/18/2020 06:00 AM ET)
Today's Range
$59.32
Now: $60.06
$60.39
50-Day Range
$58.88
MA: $62.38
$65.08
52-Week Range
$57.72
Now: $60.06
$67.75
Volume959,035 shs
Average Volume1.13 million shs
Market Capitalization$13.72 billion
P/E Ratio13.47
Dividend Yield6.84%
Beta0.69
Magellan Midstream Partners LP engages in the transportation, storage and distribution of petroleum products, such as crude oil. It operates through the following segments: Refined Products, Crude Oil and Marine Storage. The Refined Products segment consists of common carrier refined products pipeline system, independent terminals, and its ammonia pipeline system. Read More…

Industry, Sector and Symbol

Industry Pipelines, except natural gas
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone918-574-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.73 billion
Cash Flow$5.41 per share
Book Value$11.58 per share

Profitability

Net Income$1.02 billion

Miscellaneous

Employees1,868
Market Cap$13.72 billion
Next Earnings Date5/6/2020 (Estimated)
OptionableOptionable

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Magellan Midstream Partners (NYSE:MMP) Frequently Asked Questions

What is Magellan Midstream Partners' stock symbol?

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

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 Wednesday, January 22nd. Shareholders of record on Friday, February 7th will be paid a dividend of $1.0275 per share on Friday, February 14th. This represents a $4.11 dividend on an annualized basis and a dividend 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.

How were Magellan Midstream Partners' earnings last quarter?

Magellan Midstream Partners, L.P. (NYSE:MMP) released its quarterly earnings results on Thursday, January, 30th. The pipeline company reported $1.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.18 by $0.07. The pipeline company had revenue of $740.68 million for the quarter, compared to analyst estimates of $840.57 million. Magellan Midstream Partners had a return on equity of 41.22% and a net margin of 37.42%. The business's revenue was down 14.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.25 EPS. View Magellan Midstream Partners' Earnings History.

When is Magellan Midstream Partners' next earnings date?

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

What guidance has Magellan Midstream Partners issued on next quarter's earnings?

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

What price target have analysts set for MMP?

12 Wall Street analysts have issued 12-month price targets for Magellan Midstream Partners' stock. Their forecasts range from $58.00 to $75.00. On average, they expect Magellan Midstream Partners' share price to reach $68.33 in the next twelve months. This suggests a possible upside of 13.8% from the stock's current price. View Analyst Price Targets for Magellan Midstream Partners.

What is the consensus analysts' recommendation 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.

Has Magellan Midstream Partners been receiving favorable news coverage?

News articles about MMP stock have been trending very negative on Tuesday, according to InfoTrie. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Magellan Midstream Partners earned a news impact score of -3.0 on InfoTrie's scale. They also gave media headlines about the pipeline company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Magellan Midstream Partners.

Who are some of Magellan Midstream Partners' key competitors?

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), AbbVie (ABBV), Energy Transfer LP Unit (ET), Verizon Communications (VZ), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Exxon Mobil (XOM), Pfizer (PFE) and NVIDIA (NVDA).

Who are Magellan Midstream Partners' key executives?

Magellan Midstream Partners' management team includes the folowing people:
  • Michael N. Mears, Chairman, President & Chief Executive Officer
  • Melanie A. Little, Senior Vice President-Operations
  • Aaron L. Milford, Senior VP, Chief Financial & Accounting Officer
  • Larry J. Davied, Senior Vice President-Technical Services
  • Douglas J. May, SVP, General Counsel, Compliance & Ethics Officer

Who are Magellan Midstream Partners' major shareholders?

Magellan Midstream Partners' stock is owned by many different of retail and institutional investors. Top institutional investors 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.

Which major investors are selling Magellan Midstream Partners stock?

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.

Which major investors are buying Magellan Midstream Partners stock?

MMP stock was acquired 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.

How do I buy shares of 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.

What is Magellan Midstream Partners' stock price today?

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

How big of a company is Magellan Midstream Partners?

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.

What is Magellan Midstream Partners' official website?

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

How can I contact Magellan Midstream Partners?

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]


MarketBeat Community Rating for Magellan Midstream Partners (NYSE MMP)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  485 (Vote Outperform)
Underperform Votes:  561 (Vote Underperform)
Total Votes:  1,046
MarketBeat's community ratings are surveys of what our community members think about Magellan Midstream Partners and other stocks. Vote "Outperform" if you believe MMP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MMP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/18/2020 by MarketBeat.com Staff

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