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NYSE:MMP

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

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
$69.00
$69.00
50-Day Range
$65.16
$69.19
52-Week Range
$45.52
$69.90
Volume
N/A
Average Volume
1.42 million shs
Market Capitalization
$13.94 billion
P/E Ratio
13.75
Dividend Yield
6.07%
Price Target
$69.00

Magellan Midstream Partners MarketRank™ Stock Analysis

Analyst Rating
Sell
1.00 Rating Score
Upside/​Downside
N/A
Short Interest
N/A
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
3.13%
From $5.12 to $5.28 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.33 out of 5 stars

Oils/Energy Sector

244th out of 248 stocks

Pipelines, Except Natural Gas Industry

9th out of 9 stocks

MMP stock logo

About Magellan Midstream Partners Stock (NYSE:MMP)

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 refined products pipeline that transports gasoline, diesel and aviation fuel, kerosene, and heating oil to refiners, wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; and to end markets, including retail gasoline stations, truck stops, farm cooperatives, railroad fueling depots, military bases, and commercial airports. It also provides pipeline capacity and tank storage services, as well as terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services to shippers. In addition, the company owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide design, installation, construction, testing, operation, replacement, and management of assets to refiners, marketers, and traders. Magellan Midstream Partners, L.P. was incorporated in 2000 and is headquartered in Tulsa, Oklahoma.

MMP Stock News Headlines

J.P. Morgan’s DIRE Warning
When the largest bank in the U.S. says a crisis is coming - you NEED to listen. The Wall Street Journal warns, "America's bonds are getting harder to sell."
November's 5 Dividend Growth Stocks With 5.57%+ Yields
J.P. Morgan’s DIRE Warning
When the largest bank in the U.S. says a crisis is coming - you NEED to listen. The Wall Street Journal warns, "America's bonds are getting harder to sell."
Magellan Midstream (MMP) Receives a Rating Update from a Top Analyst
See More Headlines
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Company Calendar

Last Earnings
5/04/2023
Today
7/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Pipelines, except natural gas
Sub-Industry
N/A
Employees
1,655
Year Founded
2000

Price Target and Rating

Average Stock Price Target
$69.00
High Stock Price Target
$69.00
Low Stock Price Target
$69.00
Potential Upside/Downside
0.0%
Consensus Rating
Sell
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

Net Income
$1.04 billion
Pretax Margin
29.62%

Debt

Sales & Book Value

Annual Sales
$3.48 billion
Cash Flow
$6.08 per share
Book Value
$8.22 per share

Miscellaneous

Free Float
201,449,000
Market Cap
$13.94 billion
Optionable
Optionable
Beta
0.90

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Key Executives

  • Mr. Aaron L. Milford (Age 49)
    Pres, CEO & Director of Magellan GP LLC
    Comp: $787.58k
  • Mr. Jeffrey L. Holman (Age 51)
    Principal Accounting Officer, Exec. VP, CFO & Treasurer of Magellan GP LLC
    Comp: $583.5k
  • Mr. Douglas J. May J.D. (Age 52)
    SVP, Gen. Counsel, Compliance & Ethics Officer and Assistant Sec. of Magellan GP LLC
    Comp: $486.25k
  • Mr. Michael J. Aaronson (Age 48)
    Exec. VP & Chief Commercial Officer of Magellan GP LLC
    Comp: $482.52k
  • Mr. James R. Hoskin
    Sr. VP of Operations
  • Mr. Michael C. Pearson (Age 60)
    Sr. VP of Technical Services - Magellan GP LLC
  • Ms. Lisa J. KornerMs. Lisa J. Korner (Age 62)
    Sr. VP of HR & Admin.
  • Ms. Paula Farrell
    Associate VP of Investor Relations - Magellan GP LLC
  • Mr. Mark B. Roles (Age 48)
    Sr. VP of Commercial & Refined Products - Magellan GP LLC
  • Mr. Kyle T. Krshka (Age 38)
    Sr. VP of Commercial – Crude Oil of Magellan GP, LLC

MMP Stock Analysis - Frequently Asked Questions

How were Magellan Midstream Partners' earnings last quarter?

Magellan Midstream Partners, L.P. (NYSE:MMP) announced its quarterly earnings data on Thursday, May, 4th. The pipeline company reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.11. Magellan Midstream Partners's quarterly revenue was up 28.9% on a year-over-year basis.

What is Michael N. Mears' approval rating as Magellan Midstream Partners' CEO?

27 employees have rated Magellan Midstream Partners Chief Executive Officer Michael N. Mears on Glassdoor.com. Michael N. Mears has an approval rating of 85% among the company's employees.

What other stocks do shareholders of Magellan Midstream Partners own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Magellan Midstream Partners investors own include Enterprise Products Partners (EPD), AT&T (T), Verizon Communications (VZ), Johnson & Johnson (JNJ), Energy Transfer (ET), AbbVie (ABBV) and Cisco Systems (CSCO).

This page (NYSE:MMP) was last updated on 7/27/2024 by MarketBeat.com Staff

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