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Magellan Midstream Partners, L.P. (MMP)

Stock Price: $47.62 USD -0.02 (-0.04%)
Updated Jul 29, 2021 4:00 PM EDT - Market closed
After-hours: $47.55 -0.07 (-0.15%) Jul 29, 7:58 PM
Market Cap 10.64B
Revenue (ttm) 2.31B
Net Income (ttm) 750.72M
Shares Out 223.59M
EPS (ttm) 3.34
PE Ratio 14.24
Forward PE 11.63
Dividend $4.11
Dividend Yield 8.63%
Trading Day July 29
Last Price $47.62
Previous Close $47.64
Change ($) -0.02
Change (%) -0.04%
Day's Open 48.05
Day's Range 47.02 - 48.07
Day's Volume 1,113,229
52-Week Range 30.27 - 53.85

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

1 day ago - Zacks Investment Research

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

1 week ago - PRNewsWire

The heavy selling pressure might have exhausted for Magellan Midstream (MMP) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street ana...

1 week ago - Zacks Investment Research

Midstream players like Energy Transfer (ET), Magellan (MMP) & Plains GP (PAGP) are set to gain on minimal volume risks and low direct exposure to oil & gas price.

Other stocks mentioned: ET, PAGP
2 weeks ago - Zacks Investment Research

Looking for stocks to buy as the world starts to come back to life? This trio is already benefiting.

Other stocks mentioned: CVX, EPD
2 weeks ago - The Motley Fool

These master limited partnerships (MLPs) are benefiting from a rebound in oil prices – and offer an interesting option for yield-starved investors.

Other stocks mentioned: AMLP, EPD, ET, HESM, MPLX, SHLX
3 weeks ago - Kiplinger

Shares of a sports streaming company, an electric vehicle company, and a midstream oil and gas player can be great additions to your portfolio in 2021.

Other stocks mentioned: FUBO, NIO
4 weeks ago - The Motley Fool

This midstream stalwart has been selling assets in the face of a weak energy market. Is the partnership's distribution at risk?

4 weeks ago - The Motley Fool

TULSA, Okla., June 24, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.

1 month ago - PRNewsWire

Once the new contract gets a regulatory nod and is closed, Magellan Midstream (MMP) and Enterprise will cease to provide delivery services under the current futures contracts deliverable at each port.

1 month ago - Zacks Investment Research

TULSA, Okla. & HOUSTON & ATLANTA--(BUSINESS WIRE)--Magellan Midstream Partners, L.P. (NYSE: MMP), Enterprise Products Partners L.P. (NYSE: EPD) and Intercontinental Exchange, Inc. (NYSE: ICE) today anno...

Other stocks mentioned: EPD, ICE
1 month ago - Business Wire

Within the last quarter, Magellan Midstream (NYSE:MMP) has observed the following analyst ratings: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 0 0 0 0 Somewhat Bullish 0 0 0 2 Indifferent...

1 month ago - Benzinga

According to the GuruFocus discounted cash flow calculator as of June 18, the following companies have a high margin of safety and have grown their margins over a 10-year period.

Other stocks mentioned: CP, DOX, HIW
1 month ago - GuruFocus

TULSA, Okla., June 16, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.

1 month ago - PRNewsWire

Magellan's (MMP) sale of its independent terminals underscores its steadfast commitment to optimize unitholder value by utilizing all available options including asset portfolio upgrade.

1 month ago - Zacks Investment Research

Cramer on cancellation of Keystone pipeline after Biden revokes key permit

YouTube video

The Keystone pipeline, a $9 billion oil pipeline that became a symbol of the rising political clout of climate change advocates and a flash point in U.S.-Canada relations, was officially canceled on Wed...

Other stocks mentioned: KMI, PXD, TRP, XOM
1 month ago - CNBC Television

TULSA, Okla., June 10, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.

1 month ago - PRNewsWire

Gas prices in the U.S. swelled to over $3 a gallon on Wednesday following the sudden shutdown of the Colonial Pipeline due to a ransomware attack last Friday, leading to shortages along the East Coast.

Other stocks mentioned: EPD, FRO, HEP
2 months ago - GuruFocus

TULSA, Okla., May 13, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.

2 months ago - PRNewsWire

After a two-decade run, Magellan's distribution increase streak is likely to end this year. It's a sign that investors need to start worrying.

2 months ago - The Motley Fool

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

2 months 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
2 months 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
2 months ago - The Motley Fool

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

3 months ago - PRNewsWire

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

3 months 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.

3 months ago - Zacks Investment Research

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

3 months ago - PRNewsWire

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

3 months ago - PRNewsWire

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

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

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

3 months 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
3 months 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...

4 months 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.

4 months ago - Zacks Investment Research

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

4 months ago - PRNewsWire

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

4 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...

5 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
5 months ago - The Motley Fool

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

Other stocks mentioned: EPD
5 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
5 months ago - ETF Trends

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

5 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.

5 months ago - Zacks Investment Research

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

5 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...

5 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
6 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...

6 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
6 months ago - GuruFocus

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

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

President Biden And MLPs: Unlikely Bedfellows

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

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 52.26, which is an increase of 9.74% from the latest price.

Price Target
$52.26
(9.74% upside)
Analyst Consensus: Buy