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

$65.09
-0.19 (-0.29 %)
(As of 10/16/2019 03:44 PM ET)
Today's Range
$64.91
Now: $65.09
$65.41
50-Day Range
$65.04
MA: $65.94
$67.43
52-Week Range
$54.25
Now: $65.09
$67.75
Volume19,800 shs
Average Volume906,184 shs
Market Capitalization$14.87 billion
P/E Ratio15.32
Dividend Yield6.16%
Beta0.72
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$2.83 billion
Cash Flow$5.36 per share
Book Value$11.58 per share

Profitability

Net Income$1.33 billion

Miscellaneous

Employees1,868
Market Cap$14.87 billion
Next Earnings Date10/31/2019 (Confirmed)
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 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 6.23%. The ex-dividend date is Tuesday, August 6th. This is a boost from Magellan Midstream Partners's previous quarterly dividend of $0.92. View Magellan Midstream Partners' Dividend History.

How were Magellan Midstream Partners' earnings last quarter?

Magellan Midstream Partners, L.P. (NYSE:MMP) posted its quarterly earnings results on Thursday, August, 1st. The pipeline company reported $1.20 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.07 by $0.13. The pipeline company earned $701.70 million during the quarter, compared to the consensus estimate of $658.67 million. Magellan Midstream Partners had a return on equity of 38.48% and a net margin of 48.33%. The firm's revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.94 earnings per share. 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 Thursday, October 31st 2019. View Earnings Estimates for Magellan Midstream Partners.

How can I listen to Magellan Midstream Partners' earnings call?

Magellan Midstream Partners will be holding an earnings conference call on Thursday, October 31st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

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

What price target have analysts set for MMP?

14 analysts have issued 12-month target prices for Magellan Midstream Partners' shares. Their predictions range from $56.00 to $75.00. On average, they expect Magellan Midstream Partners' share price to reach $68.42 in the next year. This suggests a possible upside of 5.1% from the stock's current price. View Analyst Price Targets for Magellan Midstream Partners.

What is the consensus analysts' recommendation 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 1 sell rating, 9 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Magellan Midstream Partners.

Has Magellan Midstream Partners been receiving favorable news coverage?

Media coverage about MMP stock has trended positive this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Magellan Midstream Partners earned a media sentiment score of 2.1 on InfoTrie's scale. They also assigned press coverage about the pipeline company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Magellan Midstream Partners.

Are investors shorting Magellan Midstream Partners?

Magellan Midstream Partners saw a decline in short interest during the month of September. As of September 30th, there was short interest totalling 4,030,000 shares, a decline of 24.8% from the August 30th total of 5,360,000 shares. Based on an average trading volume of 811,500 shares, the days-to-cover ratio is currently 5.0 days. Approximately 1.8% of the company's shares are sold short. View Magellan Midstream Partners' Current Options Chain.

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), Energy Transfer LP Unit (ET), AbbVie (ABBV), Verizon Communications (VZ), Johnson & Johnson (JNJ), Cisco Systems (CSCO), General Electric (GE), Kinder Morgan (KMI) and Exxon Mobil (XOM).

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 a number of of retail and institutional investors. Top institutional shareholders include Chickasaw Capital Management LLC (1.42%), CIBC Private Wealth Group LLC (1.00%), Duff & Phelps Investment Management Co. (0.23%), Spirit of America Management Corp NY (0.12%), Rothschild Investment Corp IL (0.02%) and Northstar Investment Advisors LLC (0.02%). 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 institutional investors are selling Magellan Midstream Partners stock?

MMP stock was sold by a variety of institutional investors in the last quarter, including CIBC Private Wealth Group LLC, Joel Isaacson & Co. LLC, Diversified Trust Co, SeaCrest Wealth Management LLC, Spirit of America Management Corp NY, Douglas Lane & Associates LLC, Murphy Capital Management Inc. and Valeo Financial Advisors 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.

Which institutional investors are buying Magellan Midstream Partners stock?

MMP stock was purchased by a variety of institutional investors in the last quarter, including Chickasaw Capital Management LLC, Duff & Phelps Investment Management Co., PrairieView Partners LLC, Rothschild Investment Corp IL, North Star Investment Management Corp., Ipswich Investment Management Co. Inc., Gofen & Glossberg LLC IL and Beacon Financial Group. 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 $65.09.

How big of a company is Magellan Midstream Partners?

Magellan Midstream Partners has a market capitalization of $14.87 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.

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:  469 (Vote Outperform)
Underperform Votes:  535 (Vote Underperform)
Total Votes:  1,004
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 10/16/2019 by MarketBeat.com Staff

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