Magellan Midstream Partners is a oil & gas midstream company located in Oklahoma, United States, which is part of the Energy sector, and is traded under the ticker MMP on the NYSE exchange.
Magellan Midstream Partners stock last closed at $61.48, up 2.09% from the previous day, and has increased 17.67% in one year. It has overperformed other stocks in the Oil & Gas Midstream industry by 0.2 percentage points. Magellan Midstream Partners stock is currently +37.26% from its 52-week low of $44.79, and -4.56% from its 52-week high of $64.42.
As of Jun 2, 2023, there are 202.1M MMP shares outstanding. The market capitalization of MMP is $12.42B. In the past 24 hours, 1.52M MMP shares were traded.
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After you have figured out the best place to buy Magellan Midstream Partners stock, it's very important to analyze their stock prior to buying, so you truly comprehend the risk and opportunity.
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You can view all of the due diligence checks on MMP's stock page.
Investors use a variety of different financial metrics, analyses, models, and charts to gauge MMP's intrinsic value.
Using relative valuations methods:
You can do more valuation research on MMP's stock here.
Out of 8 Equities analysts who research MMP, the consensus analyst rating on Magellan Midstream Partners is a Hold
Please note that analyst ratings are not stock recommendations, nor are they investment advice.
Selman Akyol, a bottom 11% analyst from Stifel Nicolaus downgrades MMP to a hold rating and raises their MMP price target from $61.00 to $64.00, on May 18, 2023.
Spiro Dounis, a top 14% analyst from Citigroup downgrades MMP to a hold rating and raises their MMP price target from $57.00 to $63.00, on May 17, 2023.
Elvira Scotto, a bottom 7% analyst from RBC Capital downgrades MMP to a hold rating and raises their MMP price target from $59.00 to $66.00, on May 17, 2023.
Gabriel Moreen, a top 9% analyst from Mizuho maintains MMP with a hold rating and raises their MMP price target from $53.00 to $56.00, on May 15, 2023.
Praneeth Satish, a top 24% analyst from Wells Fargo maintains MMP with a hold rating and raises their MMP price target from $58.00 to $59.00, on May 8, 2023.
You can dig deeper into what analysts are projecting on the Magellan Midstream Partners stock forecast page.
Last year, MMP earnings were $1.14B. Over the last 5 year, MMP's earnings have gone up by 8.04% per year. This was slower than the Oil & Gas Midstream industry average of 26.44%.
Last year, MMP revenue was $3.40B. In the past 5 year, MMP's revenue has grown by 5.94% per year. This was slower than the Oil & Gas Midstream industry average of 14.24%.
Dive into MMP's earnings and revenue performance here.
Over the last year, insiders at MMP have bought more shares than they have sold.
Michael Aaronson, Executive Vice President of MMP, was the latest MMP insider to sell. They sold $275,401.85 worth of MMP stock on Jan 24, 2023.
Research more about who owns MMP stock here.
Magellan Midstream Partners pays a dividend of 6.8%, compared to the Oil & Gas Midstream industry's average dividend yield of 6.61%. If you owned $1,000 worth of MMP stock, you would have been paid $67.99 last year.
Magellan Midstream Partners dividend payments have consistently grown over the past decade and have remained stable.
Get more data about Magellan Midstream Partners dividend yield and history here.
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