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Magellan Midstream Partners, L.P. (MMP)

Stock Price: $48.02 USD 0.07 (0.15%)
Updated May 10, 2021 2:35 PM EDT - Market open
Market Cap 10.71B
Revenue (ttm) 2.31B
Net Income (ttm) 750.72M
Shares Out 223.59M
EPS (ttm) 3.34
PE Ratio 14.36
Forward PE 12.77
Dividend $4.11
Dividend Yield 8.56%
Trading Day May 10
Last Price $48.02
Previous Close $47.95
Change ($) 0.07
Change (%) 0.15%
Day's Open 48.10
Day's Range 47.98 - 48.55
Day's Volume 781,506
52-Week Range 30.27 - 48.55

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Magellan Midstream's (MMP) distributable cash flow (DCF) of $276.5 million in the first quarter drops 9.8% from the year-ago level.

3 days ago - Zacks Investment Research

According to the GuruFocus All-in-One Screener, a Premium feature, the following companies have high business predictability ratings and wide margins of safety as of May 3.

Other stocks mentioned: CBOE, DOX, RS, SCI
1 week ago - GuruFocus

Cheap stocks are hard to find, but there's one out-of-favor sector full of them. Here's a trio of low-priced and high-yield midstream names.

Other stocks mentioned: EPD, KMI
1 week ago - The Motley Fool

TULSA, Okla., April 29, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.

1 week ago - PRNewsWire

Magellan Midstream Partners (MMP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

1 week ago - Zacks Investment Research

Magellan (MMP) announces the sale of nearly half of its membership interest in its marine terminal joint venture, MVP Terminalling, for $270 million.

1 week ago - Zacks Investment Research

TULSA, Okla., April 22, 2021 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P.

2 weeks ago - PRNewsWire

TULSA, Okla., April 22, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.

2 weeks ago - PRNewsWire

These two high-yielding MLPs go head-to-head.

Other stocks mentioned: CEQP
2 weeks ago - The Motley Fool

Oil prices rose on Tuesday morning as a result of a drop in the U.S. dollar, making crude more attractive following the over 4% loss incurred on Monday on the prospect of producers returning more than 2...

Other stocks mentioned: HEP, MTR, OSG, TCP
1 month ago - GuruFocus

I hate to admit it, but this contest may go to a name I've historically been leery of.

Other stocks mentioned: KMI
1 month ago - The Motley Fool

TULSA, Okla., March 31, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.

1 month ago - PRNewsWire

If you're looking for investment opportunities in the midstream space, this pair of high-yielding energy companies might be on your radar.

Other stocks mentioned: ENB
1 month ago - The Motley Fool

Amid the broader momentum observed in oil stocks, Trefis believes that Magellan Midstream Partners (NYSE: MMP) has room for more growth due to relatively flat operating profit margin, negligible propert...

1 month ago - Forbes

Magellan Midstream's (MMP) open season for its refined petroleum products pipeline in New Mexico, which began on Feb 16 and was expected to close on Mar 19, 2021, is now stretched to end on Mar 31.

1 month ago - Zacks Investment Research

TULSA, Okla., March 18, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.

1 month ago - PRNewsWire

Magellan Midstream (MMP) reported earnings 30 days ago. What's next for the stock?

2 months ago - Zacks Investment Research

TULSA, Okla., Feb. 25, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it plans to participate in the following virtual investor conferences next week: Michael Me...

2 months ago - PRNewsWire

When looking at two of the midstream sector's most conservative names, one stands out as the better buy. Here's what you need to know.

Other stocks mentioned: EPD
2 months ago - The Motley Fool

This is the final excerpt from IMA's winter letter.

Other stocks mentioned: EPD
2 months ago - GuruFocus

By Robert Ross A rare snowstorm ripped across Texas over this weekend. But snowplows in Texas are about as rare as white sand beaches in Ohio.

Other stocks mentioned: KEYUF, PSXP
2 months ago - ETF Trends

Magellan Midstream Partners expects to maintain its big-time payout this year.

3 months ago - The Motley Fool

Magellan Midstream's (MMP) distributable cash flow (DCF) of $269.7 million in the fourth quarter drops 24.6% from the year-ago level.

3 months ago - Zacks Investment Research

Magellan Midstream Partners, L.P. (MMP) CEO Mike Mears on Q4 2020 Results - Earnings Call Transcript

3 months ago - Seeking Alpha

Shares of Magellan Midstream (NYSE:MMP) rose 0.2% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share decreased 28.24% over the past year to $0.94, which be...

3 months ago - Benzinga

HOUSTON--(BUSINESS WIRE)--Magellan Midstream Partners, L.P. (NYSE: MMP) and Enterprise Products Partners L.P. (NYSE:EPD) today announced that affiliates of the two companies have entered into an agreeme...

Other stocks mentioned: EPD
3 months ago - Business Wire

The strongest economic growth in 20 to 50 years and end of the pandemic is expected to deliver one of the strongest value rallies in history in 2021. JPMorgan thinks value stocks could soar 20% to 50% t...

3 months ago - Seeking Alpha

According to the GuruFocus discounted cash flow calculator as of Jan. 15, the following companies have a high margin of safety and have grown their margins over a 10-year period.

Other stocks mentioned: CACC, CHL, NCLH, UHAL
3 months ago - GuruFocus

These two high-yielding pipeline companies go head-to-head

Other stocks mentioned: NS
3 months ago - The Motley Fool

President Biden And MLPs: Unlikely Bedfellows

Other stocks mentioned: AM, BIP, CQP, DCP, ENB, EPD, ET ...
3 months ago - Seeking Alpha

Even the highest-quality MLPs are on sale in today's stock market. Enterprise Products Partners and Magellan Midstream Partners are top-quality operators with world-class assets that currently yield mor...

Other stocks mentioned: EPD
4 months ago - Seeking Alpha

The 2 Best Blue-Chip Buys You Can Make In 2021

Other stocks mentioned: AMZN
4 months ago - Seeking Alpha

Billionaire investor Bill Gross said 2020's growth stocks "may struggle" in 2021 and revealed his favorite sector pick for the new year in his latest Investment Outlook letter.  According to the PIMCO c...

Other stocks mentioned: BPMP, EPD
4 months ago - Business Insider

TULSA, Okla., Jan. 4, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for fourth quarter 2020 before the market opens on Tues., Feb. 2. Management ...

4 months ago - PRNewsWire

Spurred by expectations for rising fuel demand as the U.S. works to expand its pandemic aid payments and a final Brexit deal is anticipated to stabilize trade between the U.K. and Europe in 2021, oil pr...

Other stocks mentioned: EPD, LPG, MVO, SBR, WES
4 months ago - GuruFocus

Both of these midstream partnerships are financially strong, but one is better positioned for the headwinds facing the industry today.

Other stocks mentioned: EPD
4 months ago - The Motley Fool

Final Trades: Magellan Midstream, Alphabet, First Solar & more

YouTube video

The "Halftime Report" traders give their top picks to watch for the second half.

Other stocks mentioned: FSLR, GOOG, GOOGL, JMIA, VIAC
4 months ago - CNBC Television

In this article, I discuss three practical income strategies that are proven to deliver a stream of reliable yet expanding income. They are wide-moat stalwarts in a cyclical industry, wide-moat business...

4 months ago - Seeking Alpha

While happening stocks are getting most of the attention in the new normal, smart buyers should consider retirement investments that are proven to be reliable for the long haul.

Other stocks mentioned: F, IBM, JNJ, KO, MCD, PSA, VRS
4 months ago - InvestorPlace

According to the GuruFocus All-in-One Screener, a Premium feature, the following companies have high business predictability ratings and wide margins of safety as of Dec. 11.

Other stocks mentioned: AFL, ALGT, HIFS, IRBT
4 months ago - GuruFocus

There's still a lot of risk, but a handful of oil stocks pass the test as being worthy dividend investments.

Other stocks mentioned: EPD, PSX, XOM
4 months ago - The Motley Fool

First Pacific Advisors (Trades, Portfolio) recently released its portfolio updates for the third quarter of 2020, which ended on Sept. 30.

Other stocks mentioned: MTZ, SHLX
4 months ago - GuruFocus

After suffering a frightening crash in March, midstream has been red-hot since the market bottomed on October 28. November's blockbuster results were followed by a 9% weekly rally.

Other stocks mentioned: ENB, EPD, PBA, TRP
5 months ago - Seeking Alpha

Magellan Midstream Partners, L.P. (MMP) CEO Michael Mears Presents at Wells Fargo Midstream and Utility Symposium (Transcript)

Other stocks mentioned: WFC
5 months ago - Seeking Alpha

The Magellan Midstream (MMP) tank farm consists of 60 storage tanks and a small refinery, all of which are thankfully spared by the blaze.

5 months ago - Zacks Investment Research

Just because the S&P 500 is 40% historically overvalued, doesn't mean you can't still find plenty of Buffett style "fat pitch" high-yield blue-chip bargains. 9/12 quality blue-chip BTI yields a safe 7.2...

Other stocks mentioned: ABBV, BTI, EPD
5 months ago - Seeking Alpha

Investors breathed a sigh of relief last month.

Other stocks mentioned: EPD, OKE
5 months ago - The Motley Fool

TULSA, Okla., Dec. 3, 2020 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Michael Mears, chief executive officer, is scheduled to participate in a question and answer...

5 months ago - PRNewsWire

TULSA, Okla., Dec. 2, 2020 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has priced $300 million of its 3.95% senior notes due 2050. The notes, which are addition...

5 months ago - PRNewsWire

Which of these midstream players is in a better position to reward investors with dividends, and which is safer? The answers may not be the same.

Other stocks mentioned: KMI
5 months ago - The Motley Fool

About 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 through Refined Products and Crude Oil segments. It operates refined products pipeline that transports gasoline, diesel fuel, 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 d... [Read more...]

Industry
Oil & Gas Midstream
IPO Date
Feb 6, 2001
CEO
Michael Mears
Employees
1,720
Stock Exchange
NYSE
Ticker Symbol
MMP
Full Company Profile

Financial Performance

In 2020, MMP's revenue was $2.43 billion, a decrease of -11.00% compared to the previous year's $2.73 billion. Earnings were $816.97 million, a decrease of -19.97%.

Financial Statements

Analyst Forecasts

According to 20 analysts, the average rating for MMP stock is "Buy." The 12-month stock price forecast is 50.74, which is an increase of 5.66% from the latest price.

Price Target
$50.74
(5.66% upside)
Analyst Consensus: Buy