Analysts See $1.00 EPS for Magellan Midstream Partners, L.P. (MMP)

September 30, 2018 - By Matthew Richard

Investors sentiment increased to 1.01 in 2018 Q2. Its up 0.23, from 0.78 in 2018Q1. It increased, as 29 investors sold Magellan Midstream Partners, L.P. shares while 155 reduced holdings. 55 funds opened positions while 131 raised stakes. 136.78 million shares or 0.59% more from 135.98 million shares in 2018Q1 were reported.
Beach Inv Management Limited Liability Company holds 5.51% or 48,272 shares. Cushing Asset Management Lp holds 889,439 shares. Selz Cap Limited holds 0.57% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP) for 52,000 shares. Jnba Financial Advisors invested in 0% or 106 shares. Nelson Van Denburg & Campbell Wealth Mngmt Grp Incorporated Ltd Company stated it has 10,838 shares or 0.17% of all its holdings. Segall Bryant And Hamill Ltd Company has invested 0.04% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Benjamin F Edwards & Company Incorporated stated it has 399 shares. 2.73M were accumulated by Morgan Stanley. Sequoia Lc reported 6,679 shares. Brighton Jones Ltd Com stated it has 4,178 shares or 0.04% of all its holdings. Pennsylvania Trust holds 36,710 shares. Wagner Bowman Mngmt owns 4,852 shares for 0.09% of their portfolio. Washington Tru accumulated 3,594 shares or 0.01% of the stock. Welch And Forbes Limited Company holds 3,000 shares or 0.01% of its portfolio. New York-based Cohen & Steers has invested 0% in Magellan Midstream Partners, L.P. (NYSE:MMP).

Analysts expect Magellan Midstream Partners, L.P. (NYSE:MMP) to report $1.00 EPS on November, 1.They anticipate $0.13 EPS change or 14.94 % from last quarter’s $0.87 EPS. MMP’s profit would be $228.19 million giving it 16.93 P/E if the $1.00 EPS is correct. After having $1.05 EPS previously, Magellan Midstream Partners, L.P.’s analysts see -4.76 % EPS growth. The stock increased 0.21% or $0.14 during the last trading session, reaching $67.72. About 429,543 shares traded. Magellan Midstream Partners, L.P. (NYSE:MMP) has declined 1.80% since September 30, 2017 and is downtrending. It has underperformed by 17.42% the S&P500.

Magellan Midstream Partners, L.P. (NYSE:MMP) Ratings Coverage

Among 6 analysts covering Magellan Midstream (NYSE:MMP), 1 have Buy rating, 1 Sell and 4 Hold. Therefore 17% are positive. Magellan Midstream had 9 analyst reports since April 5, 2018 according to SRatingsIntel. The stock has “Equal-Weight” rating by Barclays Capital on Monday, August 6. The company was downgraded on Wednesday, July 18 by Jefferies. The stock has “Outperform” rating by RBC Capital Markets on Monday, April 9. The rating was maintained by Mizuho on Wednesday, April 11 with “Sell”. The firm earned “Equal-Weight” rating on Wednesday, July 11 by Barclays Capital. The firm has “Hold” rating given on Friday, August 3 by Stifel Nicolaus. The stock has “Buy” rating by Jefferies on Thursday, April 5. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) earned “Equal-Weight” rating by Barclays Capital on Tuesday, April 17.

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 has market cap of $15.45 billion. The firm operates through Refined Products, Crude Oil, and Marine Storage divisions. It has a 17.96 P/E ratio. It operates refined products pipeline that transports gasoline, distillates, aviation fuels, and liquefied petroleum gases for independent and integrated oil companies, wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; and provides services, including terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services.

More notable recent Magellan Midstream Partners, L.P. (NYSE:MMP) news were published by: Fool.com which released: “3 Low-Risk Stocks for Dividend Growth Investors” on September 09, 2018, also Fool.com with their article: “1 Top-Notch Dividend Growth Stock You Should Consider Buying” published on September 15, 2018, Fool.com published: “These 2 Dividend Growth Stocks Pay You More Every Single Quarter” on September 06, 2018. More interesting news about Magellan Midstream Partners, L.P. (NYSE:MMP) were released by: Seekingalpha.com and their article: “Union Pacific: This Dividend Keeps Chugging Higher” published on September 27, 2018 as well as Fool.com‘s news article titled: “If You Like Dividends, You Should Love These 3 Stocks” with publication date: September 27, 2018.

Magellan Midstream Partners, L.P. (NYSE:MMP) Institutional Positions Chart

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