Magellan Midstream Partners L.P. (MMP) is Global X MANAGEMENT CO LLC’s sixth Largest Position

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Magellan Midstream Partners L.P. logoGlobal X MANAGEMENT CO LLC raised its place in shares of Magellan Midstream Partners L.P. (NYSE:MMP) by 11.eight% within the third quarter, in keeping with its most up-to-date Form 13F submitting with the Securities and Exchange Commission (SEC). The agency owned 860,894 shares of the pipeline firm’s inventory after buying an extra 91,186 shares throughout the interval. Magellan Midstream Partners L.P. makes up 1.7% of Global X MANAGEMENT CO LLC’s portfolio, making the inventory its sixth largest holding. Global X MANAGEMENT CO LLC owned roughly zero.38% of Magellan Midstream Partners L.P. value $61,175,00zero on the finish of the newest reporting interval.

Several different hedge funds and different institutional traders additionally not too long ago added to or decreased their stakes within the inventory. Regal Investment Advisors LLC lifted its stake in shares of Magellan Midstream Partners L.P. by zero.four% within the second quarter. Regal Investment Advisors LLC now owns 5,728 shares of the pipeline firm’s inventory valued at $408,00zero after shopping for an extra 24 shares throughout the interval. Camelot Portfolios LLC lifted its stake in Magellan Midstream Partners L.P. by zero.three% throughout the second quarter. Camelot Portfolios LLC now owns eight,659 shares of the pipeline firm’s inventory value $617,00zero after buying an extra 28 shares throughout the interval. MCF Advisors LLC lifted its stake in Magellan Midstream Partners L.P. by 1.1% throughout the second quarter. MCF Advisors LLC now owns three,257 shares of the pipeline firm’s inventory value $232,00zero after buying an extra 37 shares throughout the interval. Brighton Jones LLC lifted its stake in Magellan Midstream Partners L.P. by zero.eight% throughout the second quarter. Brighton Jones LLC now owns 5,581 shares of the pipeline firm’s inventory value $398,00zero after buying an extra 46 shares throughout the interval. Finally, Girard Partners LTD. lifted its stake in Magellan Midstream Partners L.P. by 2.three% throughout the second quarter. Girard Partners LTD. now owns three,731 shares of the pipeline firm’s inventory value $266,00zero after buying an extra 85 shares throughout the interval. Institutional traders and hedge funds personal 61.45% of the corporate’s inventory.

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A lot of brokerages have commented on MMP. Royal Bank Of Canada restated a “hold” score and set a $80.00 worth goal on shares of Magellan Midstream Partners L.P. in a badysis word on Monday, July 24th. Citigroup Inc. upgraded shares of Magellan Midstream Partners L.P. from a “neutral” score to a “buy” score and set a $82.00 worth goal for the corporate in a badysis word on Thursday, September 21st. BidaskClub lowered shares of Magellan Midstream Partners L.P. from a “sell” score to a “strong sell” score in a report on Thursday, August 17th. Stifel Nicolaus reaffirmed a “hold” score and set a $77.00 worth goal on shares of Magellan Midstream Partners L.P. in a report on Thursday, August third. Finally, Zacks Investment Research raised shares of Magellan Midstream Partners L.P. from a “sell” score to a “hold” score in a report on Monday, July 24th. Three badysis badysts have rated the inventory with a promote score, eight have given a maintain score and 6 have issued a purchase score to the corporate’s inventory. The inventory has a consensus score of “Hold” and a median worth goal of $79.04.

Shares of Magellan Midstream Partners L.P. (NYSE MMP) traded down $zero.30 throughout noon buying and selling on Friday, hitting $64.85. 898,613 shares of the inventory have been exchanged, in comparison with its common quantity of 828,319. The firm has a market capitalization of $14,787.42, a PE ratio of 17.02, a price-to-earnings-growth ratio of two.19 and a beta of zero.78. Magellan Midstream Partners L.P. has a 52 week low of $63.83 and a 52 week excessive of $81.77. The firm has a present ratio of zero.50, a fast ratio of zero.29 and a debt-to-equity ratio of 1.90.

Magellan Midstream Partners L.P. (NYSE:MMP) final introduced its quarterly earnings outcomes on Thursday, November 2nd. The pipeline firm reported $zero.97 earnings per share for the quarter, topping badysts’ consensus estimates of $zero.95 by $zero.02. The firm had income of $551.80 million for the quarter, in comparison with badysts’ expectations of $610.12 million. Magellan Midstream Partners L.P. had a web margin of 34.50% and a return on fairness of 40.99%. The enterprise’s quarterly income was down three.7% in comparison with the identical quarter final 12 months. During the identical interval final 12 months, the agency posted $zero.91 earnings per share. badysts forecast that Magellan Midstream Partners L.P. will publish three.9 EPS for the present fiscal 12 months.

The firm additionally not too long ago declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of report on Thursday, November 2nd got a dividend of $zero.905 per share. This represents a $three.62 dividend on an annualized foundation and a dividend yield of 5.58%. This is a lift from Magellan Midstream Partners L.P.’s earlier quarterly dividend of $zero.89. The ex-dividend date of this dividend was Wednesday, November 1st. Magellan Midstream Partners L.P.’s dividend payout ratio (DPR) is presently 97.84%.

In different information, insider Jeff R. Selvidge offered 5,00zero shares of Magellan Midstream Partners L.P. inventory in a transaction on Thursday, September 14th. The shares have been offered at a median worth of $70.64, for a complete transaction of $353,200.00. Following the transaction, the insider now instantly owns 19,653 shares of the corporate’s inventory, valued at $1,388,287.92. The sale was disclosed in a authorized submitting with the SEC, which is accessible on the SEC web site. Company insiders personal zero.24% of the corporate’s inventory.

About Magellan Midstream Partners L.P.

Institutional Ownership by Quarter for Magellan Midstream Partners L.P. (NYSE:MMP)




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