Magellan Midstream Partners LP (MMP)

NYSE
48.51
-0.26(-0.53%)
After Hours
48.51
0.00(0.00%)
- Real-time Data
  • Volume:
    555,469
  • Day's Range:
    47.91 - 49.15
  • 52 wk Range:
    43.58 - 53.85

MMP Overview

Prev. Close
48.77
Day's Range
47.91-49.15
Revenue
2.78B
Open
48.99
52 wk Range
43.58-53.85
EPS
4.05
Volume
555,469
Market Cap
10.26B
Dividend (Yield)
4.15
(8.55%)
Average Vol. (3m)
1,211,495
P/E Ratio
11.97
Beta
0.93
1-Year Change
-1.28%
Shares Outstanding
211,561,364
Next Earnings Date
Aug 04, 2022
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Magellan Midstream Partners LP Company Profile

Magellan Midstream Partners LP Company Profile

Sector
Energy
Employees
1715

Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. It operates through Refined Products and Crude Oil segments. The company operates refined products pipeline that transports gasoline, diesel fuel, aviation fuel, kerosene, and heating oil to wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; and to end markets, including retail gasoline stations, truck stops, farm cooperatives, railroad fueling depots, military bases, and commercial airports. Further, it provides pipeline capacity and tank storage services, as well as terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services to shippers. In addition, the company owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide design, installation, construction, testing, operation, replacement, and management of assets to refiners, marketers, and traders. As of December 31, 2021, it had 9,800-mile refined products pipeline system with 54 terminals; approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 39 million barrels; and two marine terminals. The company was incorporated in 2000 and is headquartered in Tulsa, Oklahoma.

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Technical Summary

Type
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Moving AveragesStrong BuyNeutralSellStrong SellBuy
Technical IndicatorsStrong BuyStrong BuyStrong SellSellBuy
SummaryStrong BuyBuyStrong SellStrong SellBuy
  • Magellan has been among the best deliverers of increasing distributions with 71 consecutive quarterly increases. It is an oil only Midstream MLP with a growing presence in the Permian basin and is partnering with Valero for Exporting refined oil products. 1 more big plus here, this investment grade MLP is both self-funding and free of dilution since they bought out their General Partner interests including IDRs in 2010. Like others in its sector, with Enterprise (EPD) coming to mind immediately, MMP trades in predictable but narrow cycles. This allows buying under $60 and reducing via trading as it rises past $67-68. With EPD, one has the opportunity to buy in the bottom of their cycle, under $25 per unit, and HOLD until the units move up toward $29-30. After ~10% unit price gains one can sell "Covered Calls" "closer to the money", with commissions of around 3-6%. In my experience these options are picked up about 1/2 of the time which allows investors the options to HOLD or Sell.
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