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

April 17, 2018 - By Nellie Frank

Investors sentiment decreased to 0.76 in 2017 Q4. Its down 0.14, from 0.9 in 2017Q3. It is negative, 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.
First owns 22,995 shares. Group Inc One Trading Limited Partnership has 6,957 shares for 0% of their portfolio. Holderness Investments invested in 0.32% or 9,120 shares. Cornercap Inv Counsel reported 0.19% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Samson Mgmt Llc has invested 9.56% in Magellan Midstream Partners, L.P. (NYSE:MMP). Castleark Ltd Llc accumulated 120,992 shares. Essex Financial Services has invested 0.1% in Magellan Midstream Partners, L.P. (NYSE:MMP). Lpl Fincl Ltd Liability has 68,992 shares for 0.01% of their portfolio. 44,317 were accumulated by Verity & Verity Ltd Liability. M&T Natl Bank Corporation has invested 0.11% in Magellan Midstream Partners, L.P. (NYSE:MMP). The Missouri-based Counselors has invested 0.01% in Magellan Midstream Partners, L.P. (NYSE:MMP). Mckinley Capital Mngmt Lc Delaware has 25,025 shares. 5,631 were reported by Douglass Winthrop Advsrs Ltd Llc. Sigma Planning reported 17,282 shares. Sheets Smith Wealth reported 39,750 shares or 0.66% of all its holdings.

Since February 12, 2018, it had 0 buys, and 1 insider 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. RBC Capital Markets upgraded the stock to “Outperform” rating in Monday, April 9 report. The firm has “Hold” rating by RBC Capital Markets given on Sunday, November 5. UBS maintained the stock with “Buy” rating in Friday, March 2 report. Barclays Capital maintained Magellan Midstream Partners, L.P. (NYSE:MMP) on Friday, February 2 with “Equal-Weight” rating. The stock has “Hold” rating by RBC Capital Markets on Thursday, February 1. The firm has “Hold” rating by Stifel Nicolaus given on Friday, February 2. The rating was maintained by Mizuho on Wednesday, April 11 with “Sell”. The rating was maintained by RBC Capital Markets on Tuesday, January 16 with “Hold”. Bank of America maintained it with “Buy” rating and $71 target in Tuesday, March 27 report. The stock has “Neutral” rating by JP Morgan on Tuesday, March 13.

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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