How Analysts Rated Magellan Midstream Partners, L.P. (NYSE:MMP) Last Week?

June 17, 2018 - By Marguerite Chambers

Investors sentiment increased to 0.78 in 2018 Q1. Its up 0.02, from 0.76 in 2017Q4. It improved, as 48 investors sold Magellan Midstream Partners, L.P. shares while 175 reduced holdings. 42 funds opened positions while 131 raised stakes. 135.98 million shares or 1.03% more from 134.60 million shares in 2017Q4 were reported.
Veritable Ltd Partnership holds 0.17% or 134,066 shares. Joel Isaacson Company Llc has 18,734 shares for 0.19% of their portfolio. Bank & Trust Of Ny Mellon Corp stated it has 0% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Fmr Ltd Limited Liability Company accumulated 0% or 211,300 shares. Estabrook Capital Management, New York-based fund reported 1,350 shares. The Australia-based Westpac has invested 0% in Magellan Midstream Partners, L.P. (NYSE:MMP). 30,000 were reported by Starr Company Incorporated. Northeast Finance Consultants reported 18,000 shares stake. Wg Shaheen And Associate Dba Whitney And stated it has 450 shares or 0.01% of all its holdings. Tocqueville Asset Lp has invested 0.04% in Magellan Midstream Partners, L.P. (NYSE:MMP). Strategic Wealth Advisors Gru Ltd Liability Com invested in 0.1% or 28,025 shares. Fiera Cap Corp stated it has 0.01% in Magellan Midstream Partners, L.P. (NYSE:MMP). Wellington Management Grp Incorporated Llp holds 38,574 shares. Utd Svcs Automobile Association holds 235,848 shares. Westwood Hldg Incorporated holds 1.18 million shares.

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

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

Among 12 analysts covering Magellan Midstream (NYSE:MMP), 5 have Buy rating, 3 Sell and 4 Hold. Therefore 42% are positive. Magellan Midstream had 16 analyst reports since January 4, 2018 according to SRatingsIntel. Morgan Stanley maintained the stock with “Underweight” rating in Friday, March 16 report. RBC Capital Markets maintained Magellan Midstream Partners, L.P. (NYSE:MMP) on Thursday, February 1 with “Hold” rating. The firm has “Buy” rating by U.S. Capital Advisors given on Thursday, January 4. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) earned “Equal-Weight” rating by Barclays Capital on Tuesday, April 17. The rating was maintained by Bank of America on Friday, February 2 with “Buy”. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Sell” rating given on Wednesday, April 11 by Mizuho. JP Morgan maintained the stock with “Neutral” rating in Tuesday, March 13 report. On Thursday, April 5 the stock rating was upgraded by Jefferies to “Buy”. RBC Capital Markets maintained it with “Hold” rating and $81.0 target in Tuesday, January 16 report. The firm has “Hold” rating given on Friday, February 2 by Stifel Nicolaus. Below is a list of Magellan Midstream Partners, L.P. (NYSE:MMP) latest ratings and price target changes.

20/04/2018 Broker: Deutsche Bank Rating: Hold New Target: $70 Initiates Coverage On
17/04/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $76 New Target: $69 Maintain
11/04/2018 Broker: Mizuho Rating: Sell New Target: $66.0000 Maintain
09/04/2018 Broker: RBC Capital Markets Old Rating: Sector Perform New Rating: Outperform Upgrade
05/04/2018 Broker: Jefferies Old Rating: Hold New Rating: Buy Old Target: $73 Upgrade
27/03/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $77 New Target: $71 Maintain
16/03/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $73 New Target: $69 Maintain
13/03/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $78 New Target: $75 Maintain
02/03/2018 Broker: UBS Old Rating: Buy New Rating: Buy Old Target: $80 New Target: $81 Maintain
02/02/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $78 New Target: $77 Maintain

The stock decreased 2.99% or $2.1 during the last trading session, reaching $68.2. About 3.31 million shares traded or 207.50% up from the average. Magellan Midstream Partners, L.P. (NYSE:MMP) has declined 7.22% since June 17, 2017 and is downtrending. It has underperformed by 19.79% the S&P500.

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 $15.56 billion. The firm operates through Refined Products, Crude Oil, and Marine Storage divisions. It has a 18.19 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: Seekingalpha.com which released: “Boston Scientific Is A Good Earnings Story – Cramer’s Lightning Round (6/13/18)” on June 14, 2018, also Seekingalpha.com with their article: “Energy Transfer Partners restores power to West Texas facility” published on June 08, 2018, Fool.com published: “This Is One Impressive Dividend Growth Stock” on June 09, 2018. More interesting news about Magellan Midstream Partners, L.P. (NYSE:MMP) were released by: Fool.com and their article: “The Permian Basin’s Pipeline Woes Are Bad News for Some Investors but a Boon for Others” published on June 11, 2018 as well as Fool.com‘s news article titled: “This High-Yield Dividend Stock Is in a Class of Its Own” with publication date: June 17, 2018.

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

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