Magellan Midstream Partners, L.P. (MMP)
| 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 |
Magellan Midstream's (MMP) distributable cash flow (DCF) of $276.5 million in the first quarter drops 9.8% from the year-ago level.
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.
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.
TULSA, Okla., April 29, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.
Magellan Midstream Partners (MMP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Magellan (MMP) announces the sale of nearly half of its membership interest in its marine terminal joint venture, MVP Terminalling, for $270 million.
TULSA, Okla., April 22, 2021 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P.
TULSA, Okla., April 22, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.
These two high-yielding MLPs go head-to-head.
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...
I hate to admit it, but this contest may go to a name I've historically been leery of.
TULSA, Okla., March 31, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.
If you're looking for investment opportunities in the midstream space, this pair of high-yielding energy companies might be on your radar.
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...
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.
TULSA, Okla., March 18, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.
Magellan Midstream (MMP) reported earnings 30 days ago. What's next for the stock?
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...
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.
This is the final excerpt from IMA's winter letter.
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.
Magellan Midstream Partners expects to maintain its big-time payout this year.
Magellan Midstream's (MMP) distributable cash flow (DCF) of $269.7 million in the fourth quarter drops 24.6% from the year-ago level.
Magellan Midstream Partners, L.P. (MMP) CEO Mike Mears on Q4 2020 Results - Earnings Call Transcript
Magellan Midstream Partners, L.P. (MMP) CEO Mike Mears on Q4 2020 Results - Earnings Call Transcript
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...
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...
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...
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.
These two high-yielding pipeline companies go head-to-head
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...
The 2 Best Blue-Chip Buys You Can Make In 2021
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...
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 ...
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...
Both of these midstream partnerships are financially strong, but one is better positioned for the headwinds facing the industry today.
Final Trades: Magellan Midstream, Alphabet, First Solar & more
The "Halftime Report" traders give their top picks to watch for the second half.
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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.
There's still a lot of risk, but a handful of oil stocks pass the test as being worthy dividend investments.
First Pacific Advisors (Trades, Portfolio) recently released its portfolio updates for the third quarter of 2020, which ended on Sept. 30.
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.
Magellan Midstream Partners, L.P. (MMP) CEO Michael Mears Presents at Wells Fargo Midstream and Utility Symposium (Transcript)
The Magellan Midstream (MMP) tank farm consists of 60 storage tanks and a small refinery, all of which are thankfully spared by the blaze.
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...
Investors breathed a sigh of relief last month.
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...
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...
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.
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 |
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%.
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.