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Magellan Midstream Partners, L.P. (MMP)

Stock Price: $43.86 USD 0.77 (1.79%)
Updated Feb 24, 2021 4:00 PM EST - Market closed
After-hours: $43.98 +0.12 (0.27%) Feb 24, 7:41 PM
Market Cap 9.62B
Revenue (ttm) 2.43B
Net Income (ttm) 816.97M
Shares Out 225.50M
EPS (ttm) 3.62
PE Ratio 12.12
Forward PE 11.10
Dividend $4.11
Dividend Yield 9.37%
Trading Day February 24
Last Price $43.86
Previous Close $43.09
Change ($) 0.77
Change (%) 1.79%
Day's Open 43.41
Day's Range 42.81 - 43.89
Day's Volume 2,067,622
52-Week Range 19.87 - 52.77

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The Motley Fool - 1 day ago

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
GuruFocus - 2 days ago

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

Other stocks mentioned: EPD
ETF Trends - 5 days ago

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
The Motley Fool - 2 weeks ago

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

Zacks Investment Research - 3 weeks ago

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

Seeking Alpha - 3 weeks ago

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

Benzinga - 3 weeks ago

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...

Business Wire - 1 month ago

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 ...

Other stocks mentioned: EPD
Seeking Alpha - 1 month ago

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...

GuruFocus - 1 month ago

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
The Motley Fool - 1 month ago

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

Other stocks mentioned: NS
Seeking Alpha - 1 month ago

President Biden And MLPs: Unlikely Bedfellows

Other stocks mentioned: AM, BIP, CQP, DCP, ENB, EPD, ET, MPLX, PAA, PSXP, SHLX, TRP, WES, WMB
Seeking Alpha - 1 month ago

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...

Other stocks mentioned: EPD
Seeking Alpha - 1 month ago

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

Other stocks mentioned: AMZN
Business Insider - 1 month ago

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 t...

Other stocks mentioned: BPMP, EPD
PRNewsWire - 1 month ago

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. M...

GuruFocus - 1 month ago

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 20...

Other stocks mentioned: EPD, LPG, MVO, SBR, WES
The Motley Fool - 1 month ago

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

Other stocks mentioned: EPD
CNBC Television - 1 month ago

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

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

Other stocks mentioned: FSLR, GOOG, GOOGL, JMIA, VIAC
Seeking Alpha - 2 months ago

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-moa...

InvestorPlace - 2 months ago

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
GuruFocus - 2 months ago

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
The Motley Fool - 2 months ago

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
GuruFocus - 2 months ago

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
Seeking Alpha - 2 months ago

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
Seeking Alpha - 2 months ago

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

Other stocks mentioned: WFC
Zacks Investment Research - 2 months ago

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

Seeking Alpha - 2 months ago

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 ...

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

Investors breathed a sigh of relief last month.

Other stocks mentioned: EPD, OKE
PRNewsWire - 2 months ago

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 ...

PRNewsWire - 2 months ago

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 ar...

The Motley Fool - 2 months ago

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
Zacks Investment Research - 2 months ago

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

Seeking Alpha - 3 months ago

Kiplinger Investing periodically lists retirement tips. This 41 stock list comes from two articles. One by Brian Bollinger, updated 8/5/20, and another by Charles Lewis Sizemore, CFA, 7/2/19. ...

Other stocks mentioned: CVS, CVX, EBF, ENB, EPD, KMI, MNR, T, UGI, WPC, XOM
Seeking Alpha - 3 months ago

Magellan Midstream Partners, L.P. (MMP) Presents at RBC Midstream and Energy Infrastructure Conference (Transcript)

The Motley Fool - 3 months ago

For years the growth story was about building. With that seemingly off the table, what are midstream players going to do?

Other stocks mentioned: EPD, KMI, PAA
Seeking Alpha - 3 months ago

With a divided Congress, there are severe limitations to what a president-elect Biden could accomplish. This is the primary reason analysts believe the stock market has reacted with such a vig...

Other stocks mentioned: ENB, EPD, KMI, MLPX, OKE, PBA, PFE, TRP, WMB
PRNewsWire - 3 months ago

TULSA, Okla., Nov. 9, 2020 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it plans to participate in the following virtual investor conferences during Novem...

Zacks Investment Research - 3 months ago

Magellan Midstream's (MMP) distributable cash flow (DCF) of $258.8 million in the third quarter drops 15.6% from the year-ago level.

Seeking Alpha - 3 months ago

A seemingly never-ending series of bad news has caused many income investors to despair that midstreams will only move in one direction forever – down. But if you remember that intrinsic value...

InvestorPlace - 3 months ago

While many MLPs have had to cut distributions in the face of the pandemic, some are still strong prospects for any income investor. The post These 3 Energy MLPs Still Have Safe Distributions a...

Other stocks mentioned: EPD, NEP
The Motley Fool - 3 months ago

A strong balance sheet, shrinking capital spending needs, and relatively stable cash flows give it the confidence to maintain its big-time payout.

Seeking Alpha - 3 months ago

Magellan Midstream Partners LP (MMP) CEO Michael Mears on Q3 2020 Results - Earnings Call Transcript

GuruFocus - 3 months ago

The oil and gas market has experienced a turbulent period over the last six months. Oil prices have plunged despite continuous production cuts by OPEC.

Other stocks mentioned: PSXP, SHLX
PRNewsWire - 3 months ago

TULSA, Okla., Oct. 30, 2020 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today the publication of its inaugural sustainability report. "Magellan's first sustainabili...

Benzinga - 3 months ago

  Shares of Magellan Midstream (NYSE:MMP) decreased 0.2% in pre-market trading after the company reported Q3 results.

PRNewsWire - 3 months ago

TULSA, Okla., Oct. 30, 2020 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $211.6 million for third quarter 2020 compared to $273.0 million for thir...

Seeking Alpha - 3 months ago

This is the second in a series of articles discussing 3rd Quarter performance of my Regional Bank Portfolio.

Other stocks mentioned: ENB, ET, KMI, MPLX, OKE, PAA, TRP, WMB
Zacks Investment Research - 3 months ago

Magellan Midstream (MMP) faces a potential decline in volumes through its facilities, contributing to expectations for lower third-quarter profits.

Forbes - 4 months ago

We believe that there is a sizable upside in Magellan Midstream stock (NYSE: MMP) at the current price of $37, as it is down by 40% since the beginning of this year.

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, 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,... [Read more...]

Industry
Oil & Gas Midstream
IPO Date
Feb 6, 2001
CEO
Michael Mears
Country
United States
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 49.00, which is an increase of 11.72% from the latest price.

Price Target
$49.00
(11.72% upside)
Analyst Consensus: Buy