The Magellan Midstream Companions L.P. (MMP) Releases Quarterly Earnings Outcomes, Beats Expectations By $zero.03 EPS

Magellan Midstream Partners L.P. logoMagellan Midstream Companions L.P. (NYSE:MMP) posted its earnings outcomes on Wednesday. The corporate reported $zero.91 earnings per share (EPS) for the quarter, beating badysts’ consensus estimates of $zero.88 by $zero.03. Magellan Midstream Companions L.P. had a web margin of 38.97% and a return on fairness of 38.58%. The corporate earned $586.67 million in the course of the quarter, in comparison with badysts’ expectations of $291.99 million. Throughout the identical quarter within the earlier 12 months, the corporate posted $zero.86 earnings per share. Magellan Midstream Companions L.P.’s quarterly income was up 6.three% in comparison with the identical quarter final 12 months. Magellan Midstream Companions L.P. up to date its FY16 steerage to $three.50 EPS and its This autumn steerage to $zero.91 EPS.

Magellan Midstream Companions L.P. (NYSE:MMP) opened at 66.37 on Thursday. Magellan Midstream Companions L.P. has a 12-month low of $54.51 and a 12-month excessive of $77.45. The corporate has a market capitalization of $15.12 billion, a P/E ratio of 17.79 and a beta of zero.76. The corporate’s 50 day transferring common value is $69.52 and its 200-day transferring common value is $71.26.

Earnings History for Magellan Midstream Partners L.P. (NYSE:MMP)

The corporate additionally lately disclosed a dividend, which will probably be paid on Monday, November 14th. Traders of report on Monday, October 31st will probably be issued a dividend of $zero.8375 per share. The ex-dividend date of this dividend is Thursday, October 27th. This is a rise from Magellan Midstream Companions L.P.’s earlier dividend of $zero.70. Magellan Midstream Companions L.P.’s dividend payout ratio (DPR) is presently 89.57%.

Quite a few hedge funds and different institutional traders have lately purchased and bought shares of MMP. Avalon Advisors LLC elevated its place in Magellan Midstream Companions L.P. by 19.2% within the first quarter. Avalon Advisors LLC now owns 36,737 shares of the corporate’s inventory value $2,528,00zero after shopping for a further 5,914 shares in the course of the interval. Babson Capital Administration LLC elevated its place in Magellan Midstream Companions L.P. by 1.four% within the first quarter. Babson Capital Administration LLC now owns 29,500 shares of the corporate’s inventory value $2,030,00zero after shopping for a further 400 shares in the course of the interval. Chilton Capital Administration LLC elevated its place in Magellan Midstream Companions L.P. by 7.7% within the first quarter. Chilton Capital Administration LLC now owns 45,520 shares of the corporate’s inventory value $three,132,00zero after shopping for a further three,250 shares in the course of the interval. LPL Monetary LLC elevated its place in Magellan Midstream Companions L.P. by 5.1% within the first quarter. LPL Monetary LLC now owns 150,709 shares of the corporate’s inventory value $9,653,00zero after shopping for a further 7,374 shares in the course of the interval. Lastly, Harvest Fund Advisors LLC elevated its place in Magellan Midstream Companions L.P. by 5.9% within the first quarter. Harvest Fund Advisors LLC now owns 6,697,131 shares of the corporate’s inventory value $460,763,00zero after shopping for a further 375,zero58 shares in the course of the interval. 61.84% of the inventory is at the moment owned by institutional traders and hedge funds.

A number of badysis corporations lately weighed in on MMP. Argus reaffirmed a “purchase” score and set a $85.00 value goal on shares of Magellan Midstream Companions L.P. in a report on Tuesday, August 23rd. Zacks Funding Analysis upgraded Magellan Midstream Companions L.P. from a “maintain” score to a “purchase” score and set a $78.00 goal value for the corporate in a badysis report on Wednesday, October fifth. Mizuho started protection on Magellan Midstream Companions L.P. in a badysis be aware on Thursday, September 29th. They set a “impartial” score and a $73.00 value goal on the inventory. Wunderlich reaffirmed a “maintain” score and set a $71.00 value goal on shares of Magellan Midstream Companions L.P. in a badysis be aware on Friday, August fifth. Lastly, Morgan Stanley set a $73.00 value goal on Magellan Midstream Companions L.P. and gave the corporate a “maintain” score in a badysis be aware on Wednesday, August third. Three badysis badysts have rated the inventory with a promote score, six have badigned a maintain score, seven have issued a purchase score and one has badigned a powerful purchase score to the inventory. The inventory at the moment has a mean score of “Maintain” and a consensus goal value of $76.86.

Magellan Midstream Companions L.P. Firm Profile


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