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Magellan Midstream Partners LP MMP Stock Quote

| Rating as of

NYSE: MMP

Last close prices updated as of Feb 07, 2023, 1:33 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 52.71
  • Sector Energy
  • Industry Oil & Gas Midstream
  • Investment Style Mid Value
  • Day Range 52.80  –  53.29
  • Year Range 44.79  –  60.55
  • Market Cap 10.8965 Bil
  • Volume / Avg 322,865.0 /  919,823.0
  • Price / Sales 3.45
  • Price / Book 6.17
  • Forward Div Yield 7.95%
  • Trailing Div Yield 9.80%

Morningstar‘s Stock Analysis MMP

Valuation
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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Boosting Magellan's FVE to Reflect Cash Flows Earned and Accretive Buybacks

Stephen Ellis Sector Strategist

Analyst Note

| Stephen Ellis |

After incorporating cash flows earned by rolling our model and the accretive value of its ongoing buybacks, we are boosting our fair value estimate to $55 per unit from $52. Magellan’s near-growth outlook continues to look weak, as reflected by the collapse in growth spending over the past few years. We also note that returns on invested capital have declined to 11%-12% from 2020-22 versus 14%-15% beforehand, suggesting that new growth investments are struggling at least in the near term. We expect returns to improve as its refined product markets recover, but there are clearly some cracks in Magellan's armor.

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Key Statistics MMP

Company Profile MMP

Business Description

Magellan Midstream Partners is a master limited partnership that operates pipelines and storage terminals in the Central and Eastern United States. Its assets transport, store, and distribute refined petroleum products and crude and earn a fee-based stream of cash flows. Assets include the country's longest petroleum pipeline network and several crude oil pipelines. Refined products make about 70% of operating margin, with the remainder mainly crude-oil pipelines.

Contact
One Williams Center, P.O. Box 22186
Tulsa, OK, 74121-2186
Sector Energy
Industry Oil & Gas Midstream
Employees 1,715

Related Articles MMP

FAQs for Magellan Midstream Partners LP Stock

Yes. MMP has a forward dividend yield of 7.95%. See MMP’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

MMP’s market cap is 10.90 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

MMP’s stock style is Mid Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

MMP’s price/sales is 3.45.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

MMP’s price/forward earnings is 10.82.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

MMP’s price/book is 6.17.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See MMP’s valuation ratios compared to the Market Index.

MMP’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare MMP’s historical performance against its industry peers and the overall market.