Opes Advisors Inc Takes Position in Magellan Midstream Partners, LP (MMP)

Marco Green
March 17, 2018

The Travelers Companies Inc holds 488,902 shares with $34.74 million value, down from 704,900 last quarter. Tata Mtrs Ltd now has $16.86 billion valuation. Magellan Midstream Partners, L.P. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President & CEO Mears Michael N has sold 1,925 shares of Magellan Midstream Partners, L.P. (MMP) in trading session dated February 14, 2018. These moving averages assist traders to smooth out some of the noise found in day-to-day price movements and give them a clearer picture of the trend. Starbucks Corporation (NASDAQ:SBUX) has risen 12.48% since March 16, 2017 and is uptrending. It has outperformed by 26.62% the S&P500. Ray Gerald L & Assoc Limited has invested 0.79% in Magellan Midstream Partners, L.P. (NYSE:MMP). Also, there are 1 buy, 0 sell and 2 strong sell ratings, collectively assigning a 2.39 average brokerage recommendation. Therefore 52% are positive.

Analyst's mean target price for Magellan Midstream Partners, L.P. is $77.53. As the current market price of the stock is $60.32 and diluted EPS for the trailing twelve month is 3.81, the P/E ratio for the stock comes out as 16.73. "Has $4.54 Million Holdings in Magellan Midstream Partners, L.P. (MMP)" was published by registrarjournal.com and is the property of of registrarjournal.com. The rating was upgraded by Credit Suisse to "Neutral" on Friday, August 7. Credit Suisse downgraded the stock to "Underperform" rating in Thursday, March 17 report. The firm earned "Buy" rating on Saturday, August 8 by Raymond James.

Magellan Midstream Partners, L.P. stock waking on thin line between bulls and bears tracks and with several factors it's pulling towards optimistic side to some extend but some take to pessimistic side. The stock has "Buy" rating by UBS on Wednesday, January 6. The stock has "Hold" rating by RBC Capital Markets on Sunday, August 27. RBC Capital Markets maintained it with "Hold" rating and $80 target in Tuesday, June 20 report. The stock is now showing downward return of -2.22% throughout last week and witnessed decreasing return of -9.63% in one month period. Another trade for 30,000 shares valued at $697,413 was sold by Ayers Andrea J.

Magellan Midstream Partners, L.P. The stock has a market cap of $13,980.00, a PE ratio of 16.08, a P/E/G ratio of 2.60 and a beta of 0.71. 22,251 shares valued at $1.51 million were sold by MEARS MICHAEL N on Monday, February 12. It owns an onshore crude oil pipeline system, onshore refined products pipeline system, onshore diluent pipeline system, and offshore natural gas pipeline system, as well as interests in four offshore crude oil pipeline systems located in the United States. The company's Market capitalization is $9.69B with the total Outstanding Shares of 1.20B. The partnership owns the longest refined petroleum products pipeline system in the country, with access to almost 50% of the nation's refining capacity, and can store more than 100 million barrels of petroleum products such as gasoline, diesel fuel and crude oil. Finally, D.A. Davidson & CO. boosted its stake in shares of Magellan Midstream Partners by 9.5% during the 4th quarter.

Looking into the profitability ratios of CTRP stock, the investor will find its ROE, ROA, ROI standing at 3%, 1.5% and -1.9%, respectively. After $1.04 actual EPS reported by Magellan Midstream Partners, L.P. for the previous quarter, Wall Street now forecasts -2.88% negative EPS growth.

Investors of record on Tuesday, February 6th were issued a $0.92 dividend. Its up 0.09, from 1.01 in 2017Q2.

Hedge funds have recently made changes to their positions in the company. 132.23 million shares or 1.24% more from 130.61 million shares in 2017Q2 were reported. Boston Prtnrs owns 535,044 shares or 0.02% of their U.S. portfolio.

Magellan Midstream Partners, L.P., formerly Williams Energy Partners L.P., is a publicly traded partnership formed to own, operate and acquire a diversified portfolio of energy assets.

The stock of Magellan Midstream Partners, L.P. and Incyte Corporation were two of the most active stocks on Thursday.

TRADEMARK VIOLATION WARNING: "Magellan Midstream Partners (MMP) Price Target Cut to $69.00 by Analysts at Morgan Stanley" was originally posted by StockNewsTimes and is owned by of StockNewsTimes. The firm was founded in 2017 and is based in Houston, Texas. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.34 by $0.14. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Magellan Midstream Partners by 11.3% during the 4th quarter. Mariner Inv Grp Llc accumulated 193,740 shares.

Magellan Midstream Partners, L.P.is principally engaged in the transportation, storage and distribution of refined petroleum products and crude oil. Green Square Capital LLC increased its holdings in shares of Magellan Midstream Partners by 5.2% during the 4th quarter. Smithfield Tru Communication accumulated 600 shares. Seabridge Ltd Liability owns 36,282 shares for 0.6% of their portfolio. Cohen Cap Management holds 0.69% or 40,000 shares.

Since March 5, 2018, it had 0 insider purchases, and 1 insider sale for $697,413 activity. The rating was maintained by Stifel Nicolaus with "Buy" on Wednesday, September 13. ULLMAN MYRON E III sold 12,500 shares worth $740,851.

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