Magellan Midstream Partners LP (MMP)

NYSE
53.15
-0.38(-0.71%)
After Hours
53.24
+0.09(+0.17%)
- Real-time Data
  • Volume:
    777,659
  • Bid/Ask:
    53.00/53.24
  • Day's Range:
    52.97 - 53.85

MMP Overview

Prev. Close
53.53
Day's Range
52.97-53.85
Revenue
2.31B
Open
53.54
52 wk Range
32.61-53.85
EPS
3.34
Volume
777,659
Market Cap
11.87B
Dividend (Yield)
4.11
(7.68%)
Average Vol. (3m)
1,272,392
P/E Ratio
15.89
Beta
1.1
1-Year Change
22.02%
Shares Outstanding
223,282,818
Next Earnings Date
Aug 05, 2021
What is your sentiment on Magellan Midstream Partners LP?
or
Market is currently closed. Voting is open during market hours.

Magellan Midstream Partners LP News

Magellan Midstream Partners LP Analysis

Technical Summary

Type
5 Min
15 Min
Hourly
Daily
Monthly
Moving AveragesNeutralBuyBuyStrong BuyBuy
Technical IndicatorsSellStrong SellStrong BuyStrong BuyStrong Buy
SummaryNeutralNeutralStrong BuyStrong BuyStrong Buy

Magellan Midstream Partners LP Company Profile

Magellan Midstream Partners LP Company Profile

Sector
Energy
Employees
1720

Magellan Midstream Partners, L.P. is principally engaged in the transportation, storage and distribution of refined petroleum products and crude oil. The Company operates through three segments: refined products, crude oil and marine storage. As of December 31, 2016, its asset portfolio, including the assets of its joint ventures, consisted of its refined products segment, consisting 9,700-mile refined products pipeline system with 53 terminals, as well as 26 independent terminals not connected to its pipeline system and its 1,100-mile ammonia pipeline system; its crude oil segment, consisted of approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 26 million barrels, of which 16 million are used for contract storage, and its marine storage segment, consisted of five marine terminals located along coastal waterways with an aggregate storage capacity of approximately 26 million barrels.

Read More
  • 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.
    2
    Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All derived (stocks, indexes, futures), cryptocurrencies, and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn't bear any responsibility for any trading losses you might incur as a result of using this data.
    Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.