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NYSE:MMP

Magellan Midstream Partners Stock Forecast, Price & News

$44.71
+1.23 (+2.83 %)
(As of 12/4/2020 05:21 PM ET)
Add
Compare
Today's Range
$43.86
Now: $44.71
$44.80
50-Day Range
$34.25
MA: $38.54
$44.07
52-Week Range
$22.02
Now: $44.71
$65.34
Volume1.01 million shs
Average Volume1.54 million shs
Market Capitalization$10.00 billion
P/E Ratio11.07
Dividend Yield9.45%
Beta0.97
Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. The company operates through Refined Products, Crude Oil, and Marine Storage segments. It operates refined products pipeline that transports gasoline, distillates, aviation fuels, and liquefied petroleum gases for independent refiners and integrated oil companies, wholesalers, retailers, traders, railroads, airlines, bio-fuel producers, and regional farm cooperatives; and provides services, including terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services to shippers. The company also owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide distribution, storage, blending, inventory management, and additive injection services for refiners, marketers, traders, and other end users of petroleum products. As of December 31, 2019, it had 9,800-mile refined products pipeline system with 53 terminals, as well as 25 independent terminals; approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 35 million barrels; and 6 marine terminals with an aggregate storage capacity of approximately 31 million barrels. Magellan Midstream Partners, L.P. was founded in 2000 and is headquartered in Tulsa, Oklahoma.
Magellan Midstream Partners logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.83 out of 5 stars


Industry, Sector and Symbol

Industry Pipelines, except natural gas
Sub-IndustryN/A
CUSIPN/A
Phone918-574-7000
Employees1,884

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.73 billion
Cash Flow$6.04 per share
Book Value$10.68 per share

Profitability

Net Income$1.02 billion

Miscellaneous

Market Cap$10.00 billion
Next Earnings Date2/4/2021 (Estimated)
OptionableOptionable
$44.71
+1.23 (+2.83 %)
(As of 12/4/2020 05:21 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Magellan Midstream Partners (NYSE:MMP) Frequently Asked Questions

How has Magellan Midstream Partners' stock been impacted by COVID-19 (Coronavirus)?

Magellan Midstream Partners' stock was trading at $44.25 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MMP stock has increased by 1.0% and is now trading at $44.68.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Magellan Midstream Partners?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last year. There are currently 4 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Magellan Midstream Partners
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Magellan Midstream Partners?

Wall Street analysts have given Magellan Midstream Partners a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Magellan Midstream Partners wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Magellan Midstream Partners' next earnings date?

Magellan Midstream Partners is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for Magellan Midstream Partners
.

How were Magellan Midstream Partners' earnings last quarter?

Magellan Midstream Partners, L.P. (NYSE:MMP) issued its quarterly earnings results on Friday, October, 30th. The pipeline company reported $0.97 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.85 by $0.12. The pipeline company had revenue of $598.26 million for the quarter, compared to analyst estimates of $570.15 million. Magellan Midstream Partners had a return on equity of 37.91% and a net margin of 35.61%. Magellan Midstream Partners's revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.19 earnings per share.
View Magellan Midstream Partners' earnings history
.

How often does Magellan Midstream Partners pay dividends? What is the dividend yield for Magellan Midstream Partners?

Magellan Midstream Partners announced a quarterly dividend on Thursday, October 22nd. Shareholders of record on Friday, November 6th will be paid a dividend of $1.028 per share on Friday, November 13th. This represents a $4.11 dividend on an annualized basis and a dividend yield of 9.20%. The ex-dividend date is Thursday, November 5th.
View Magellan Midstream Partners' dividend history
.

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

Magellan Midstream Partners updated its FY 2020 Pre-Market earnings guidance on Friday, October, 30th. The company provided earnings per share guidance of 3.60-3.60 for the period, compared to the Thomson Reuters consensus estimate of $3.63.

What price target have analysts set for MMP?

19 equities research analysts have issued 12-month target prices for Magellan Midstream Partners' shares. Their forecasts range from $42.00 to $59.00. On average, they anticipate Magellan Midstream Partners' stock price to reach $49.78 in the next twelve months. This suggests a possible upside of 11.4% from the stock's current price.
View analysts' price targets for Magellan Midstream Partners
.

Are investors shorting Magellan Midstream Partners?

Magellan Midstream Partners saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 6,350,000 shares, an increase of 17.2% from the October 31st total of 5,420,000 shares. Based on an average daily trading volume, of 1,250,000 shares, the days-to-cover ratio is currently 5.1 days. Approximately 2.9% of the company's stock are sold short.
View Magellan Midstream Partners' Short Interest
.

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

Who are Magellan Midstream Partners' key executives?

Magellan Midstream Partners' management team includes the following people:
  • Mr. Michael N. Mears, Chairman, Pres & CEO of Magellan GP, LLC (Age 57, Pay $2.81M)
  • Mr. Jeffrey L. Holman, Sr. VP, CFO & Treasurer of Magellan GP, LLC (Age 49, Pay $811.45k)
  • Mr. Aaron L. Milford, Chief Operating Officer of Magellan GP, LLC (Age 46, Pay $1.35M)
  • Ms. Lisa J. Korner, Sr. VP of HR & Admin. - Magellan GP LLC (Age 59, Pay $961.89k)
  • Mr. Douglas J. May, Sr. VP, Gen. Counsel, Compliance & Ethics Officer and Asst. Sec. of Magellan GP LLC (Age 49, Pay $985.4k)
  • Mr. Robert L. Barnes, Sr. VP of Commercial for Crude Oil - Magellan GP LLC (Age 55, Pay $856.1k)
  • Mr. Michael C. Pearson, Sr. VP of Technical Services - Magellan GP LLC (Age 57)
  • Ms. Paula Farrell, Associate VP of Investor Relations, Magellan GP, LLC
  • Mr. Michael J. Aaronson, Sr. VP of Bus. Devel. - Magellan GP LLC (Age 45)
  • Ms. Melanie A. Little, Sr. VP of Operations & EHS&S- Magellan GP, LLC (Age 50)

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 retail and institutional investors. Top institutional investors include Tortoise Capital Advisors L.L.C. (4.75%), Blackstone Group Inc (4.43%), Alps Advisors Inc. (4.00%), Energy Income Partners LLC (2.74%), Morgan Stanley (2.65%) and Chickasaw Capital Management LLC (1.77%). Company insiders that own Magellan Midstream Partners stock include Chansoo Joung, 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 Kayne Anderson Capital Advisors LP, Alps Advisors Inc., Tortoise Capital Advisors L.L.C., Raymond James & Associates, Dividend Assets Capital LLC, Skandinaviska Enskilda Banken AB publ, Wells Fargo & Company MN, and Chickasaw Capital Management LLC. Company insiders that have sold Magellan Midstream Partners company stock in the last year include James R Montague, and Jeff R Selvidge.
View insider buying and selling activity for Magellan Midstream Partners
.

Which major investors are buying Magellan Midstream Partners stock?

MMP stock was bought by a variety of institutional investors in the last quarter, including Energy Income Partners LLC, Morgan Stanley, CIBC Private Wealth Group LLC, Blackstone Group Inc, Natixis, Bradley Foster & Sargent Inc. CT, Massachusetts Financial Services Co. MA, and Pitcairn Co..
View insider buying and selling activity 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 $44.68.

How big of a company is Magellan Midstream Partners?

Magellan Midstream Partners has a market capitalization of $9.99 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 1,884 workers across the globe.

What is Magellan Midstream Partners' official website?

The official website for Magellan Midstream Partners is 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]

This page was last updated on 12/4/2020 by MarketBeat.com Staff

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