Magellan Midstream Partners, L.P. (MMP) Analysts See $1.01 EPS

April 17, 2018 - By Jimmy Baldridge

Investors sentiment decreased to 0.76 in Q4 2017. Its down 0.14, from 0.9 in 2017Q3. It dived, as 35 investors sold Magellan Midstream Partners, L.P. shares while 186 reduced holdings. 49 funds opened positions while 118 raised stakes. 134.60 million shares or 0.07% more from 134.51 million shares in 2017Q3 were reported.
Catawba Capital Management Va owns 39,287 shares. 15,111 are owned by Inspirion Wealth Advsr Limited Company. Fdx Advisors holds 64,034 shares or 0.12% of its portfolio. Indiana-based First In has invested 0.05% in Magellan Midstream Partners, L.P. (NYSE:MMP). Karpas Strategies Limited reported 155,846 shares. L And S Advsr Incorporated holds 0.1% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP) for 8,891 shares. 14,400 are owned by Whalerock Point Prtn Ltd Co. Glenview Bank Trust Dept accumulated 3,150 shares. Fincl Counselors Inc owns 4,168 shares for 0.01% of their portfolio. Usca Ria Ltd Co accumulated 16,505 shares. New York-based Schafer Cullen Management has invested 0% in Magellan Midstream Partners, L.P. (NYSE:MMP). Tower Bridge Advsr owns 13,570 shares or 0.1% of their US portfolio. State Street Corp owns 28,399 shares or 0% of their US portfolio. Hightower Advsrs Ltd Com has invested 0.36% in Magellan Midstream Partners, L.P. (NYSE:MMP). Moreover, Ing Groep Nv has 0.12% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 100,000 shares.

Since February 12, 2018, it had 0 buys, and 1 sale for $1.51 million activity.

Analysts expect Magellan Midstream Partners, L.P. (NYSE:MMP) to report $1.01 EPS on May, 2.They anticipate $0.03 EPS change or 3.06 % from last quarter’s $0.98 EPS. MMP’s profit would be $230.47 million giving it 16.38 P/E if the $1.01 EPS is correct. After having $1.04 EPS previously, Magellan Midstream Partners, L.P.’s analysts see -2.88 % EPS growth. The stock increased 2.49% or $1.61 during the last trading session, reaching $66.16. About 856,317 shares traded. Magellan Midstream Partners, L.P. (NYSE:MMP) has declined 24.45% since April 17, 2017 and is downtrending. It has underperformed by 36.00% the S&P500.

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

Among 12 analysts covering Magellan Midstream (NYSE:MMP), 6 have Buy rating, 3 Sell and 3 Hold. Therefore 50% are positive. Magellan Midstream had 16 analyst reports since November 5, 2017 according to SRatingsIntel. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) earned “Outperform” rating by RBC Capital Markets on Monday, April 9. UBS maintained the shares of MMP in report on Friday, March 2 with “Buy” rating. Bank of America maintained the stock with “Buy” rating in Tuesday, March 27 report. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, February 2. The firm has “Buy” rating given on Friday, February 2 by Bank of America. U.S. Capital Advisors upgraded Magellan Midstream Partners, L.P. (NYSE:MMP) on Thursday, January 4 to “Buy” rating. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Equal-Weight” rating given on Friday, February 2 by Barclays Capital. The rating was maintained by RBC Capital Markets with “Hold” on Sunday, November 5. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Hold” rating given on Tuesday, January 16 by RBC Capital Markets. Morgan Stanley maintained Magellan Midstream Partners, L.P. (NYSE:MMP) rating on Friday, March 16. Morgan Stanley has “Underweight” rating and $69 target.

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 $15.10 billion. The firm operates through Refined Products, Crude Oil, and Marine Storage divisions. It has a 17.36 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.

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

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