Magellan Midstream Partners, L.P. (MMP)

NYSE: MMP · IEX Real-Time Price · USD
47.51 -0.48 (-1.00%)
Jan 21, 2022 4:00 PM EST - Market closed
Market Cap10.14B
Revenue (ttm)2.54B
Net Income (ttm)922.25M
Shares Out213.44M
EPS (ttm)4.15
PE Ratio11.46
Forward PE10.36
Dividend$4.12 (8.67%)
Ex-Dividend DateNov 4, 2021
Volume1,042,755
Open47.75
Previous Close47.99
Day's Range47.00 - 48.16
52-Week Range39.93 - 53.85
Beta1.11
AnalystsHold
Price Target53.37 (+12.3%)
Earnings DateFeb 2, 2022

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...

IndustryOil, Gas & Consumable Fuels
IPO DateFeb 6, 2001
CEOMichael Mears
Employees1,720
Stock ExchangeNYSE
Ticker SymbolMMP
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 21 analysts, the average rating for MMP stock is "Hold." The 12-month stock price forecast is 53.37, which is an increase of 12.33% from the latest price.

Price Target
$53.37
(12.33% upside)
Analyst Consensus: Hold

News

Magellan Midstream to Announce Fourth-Quarter 2021 Financial Results on Feb. 2

TULSA, Okla., Jan. 4, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P.

2 weeks ago - PRNewsWire

3 Top Stocks to Buy Before 2021 Ends

These stocks look like great buys heading into 2022.

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4 weeks ago - The Motley Fool

4 Ultra-High-Yield Dividend Stocks To Buy Hand Over Fist Right Now

With yields ranging from 5% to 9%, these stocks are no-brainers that will compound dividend growth for decades to come.

Other symbols:EPDPMVICI
1 month ago - The Motley Fool

Midstream Energy Firms Plow Soaring Cash Flows Into Buybacks

Higher commodity prices have made midstream energy operators financially stronger and healthier. This has allowed the likes of EPD, MPLX, MMP, PAA and WES to increase stockholder returns through buybacks.

Other symbols:EPDMPLXPAAWES
1 month ago - Zacks Investment Research

Magellan Midstream Extends Open Season for Potential Kansas-to-Colorado Refined Products Pipeline Expansion to Dec. 22

TULSA, Okla., Dec. 15, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.

1 month ago - PRNewsWire

3 Oil & Gas Pipeline Stocks to Watch Amid Challenging Industry

Lower production volumes of the commodities owing to dented fuel demand and conservative capital spending by upstream players have hurt demand for partnerships' midstream assets. EPD, ET and MMP are sur...

Other symbols:EPDET
1 month ago - Zacks Investment Research

Magellan Midstream to Participate in Wells Fargo Virtual Investor Conference

TULSA, Okla., Dec. 6, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.

1 month ago - PRNewsWire

Magellan Midstream (MMP) Down 10% Since Last Earnings Report: Can It Rebound?

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

1 month ago - Zacks Investment Research

Nearing Retirement? These Stocks Will Pay You for Life

Retirees could live off dividends by owning stock in these companies.

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1 month ago - The Motley Fool

3 Stocks That Will Benefit From a Rebound in Holiday Travel

These travel-related companies stand to profit from this year's surge in holiday travel.

Other symbols:DALTA
1 month ago - The Motley Fool

Magellan (MMP) Stock Barely Moves Despite Q3 Earnings Beat

Magellan Midstream's (MMP) distributable cash flow (DCF) of $277 million in the third quarter rises 6.9% from the year-ago level.

2 months ago - Zacks Investment Research

Magellan Midstream Launches Open Season for Potential Kansas-to-Colorado Refined Products Pipeline Expansion

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

2 months ago - PRNewsWire

3 Dividend Stocks With Businesses Anybody Can Understand

If you like simple businesses with high yields, then this sector is worth examining. And these are three of the best names to focus on.

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2 months ago - The Motley Fool

5 of the Safest High-Yield Dividend Stocks on the Planet

Investors need not worry about these stocks, yielding from just over 3% to nearly 9%, being yield traps.

Other symbols:BTIEPDLMTVZ
2 months ago - The Motley Fool

This Tiny Move Is a Huge Statement by Magellan Midstream

Magellan Midstream is trying to put investor concerns to rest about one of the most important things it does. Here's what you need to know.

2 months ago - The Motley Fool

Magellan Midstream Reports Third-Quarter 2021 Financial Results and Raises 2021 Annual Guidance

TULSA, Okla., Nov. 2, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.

2 months ago - PRNewsWire

Magellan Midstream Increases Quarterly Cash Distribution to $1.0375, Announces Completion of Previous Equity Repurcha...

TULSA, Okla., Oct. 20, 2021 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P.

3 months ago - PRNewsWire

Magellan Midstream to Announce Third-Quarter 2021 Financial Results on Nov. 2

TULSA, Okla., Sept. 30, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.

3 months ago - PRNewsWire

Gilman Hill's Harrington sees upside in these two “return to normal” stocks

The COVID-19 restrictions are easing, but there are still factors like tapering and rate hike that could weigh on the market in the upcoming months. Amidst the concern, Gilman Hill's Jenny Harrington se...

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3 months ago - Invezz

Go Big Or Go Home: Jenny Harrington's Best Ideas for Q4

Gilman Hill Asset Management CEO Jenny Harrington gives some of her best investment ideas for Q4, and says these dividend payers should be on your radar.

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3 months ago - CNBC Television

7 Infrastructure Stocks to Buy as Biden Seeks a PR Reset

After a disastrous pullout from Afghanistan, President Biden needs a PR change. Bolstering infrastructure stocks can help.

Other symbols:AMTBEPEXPJNUEVLTA
4 months ago - InvestorPlace

Midstream Buybacks Gain Traction on Free Cash Flow Recovery

The favorable macro environment has helped midstream energy operators like MPLX, PAA, and MMP to generate significant "excess cash", which they have been using to increase stockholder returns through bu...

Other symbols:ENLCMPLXPAARTLRWMB
4 months ago - Zacks Investment Research

Magellan Midstream to Participate in Barclays Virtual Investor Conference

TULSA, Okla., Sept. 2, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.

4 months ago - PRNewsWire

Magellan Midstream to Participate in Goldman Sachs Virtual Investor Conference

TULSA, Okla., Aug. 9, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.

5 months ago - PRNewsWire

Magellan (MMP) Stock Barely Moves Despite Q2 Earnings Beat

Magellan Midstream's (MMP) distributable cash flow (DCF) of $268 million in the second quarter rises 27.9% from the year-ago level.

5 months ago - Zacks Investment Research