Here’s how analysts see Magellan Midstream Partners, L.P. (NYSE:MMP) after this past week.

Investors sentiment increased to 0.87 in 2018 Q4. Its up 0.11, from 0.76 in 2018Q3. It improved, as 52 investors sold Magellan Midstream Partners, L.P. shares while 151 reduced holdings. 54 funds opened positions while 123 raised stakes. 141.66 million shares or 1.66% more from 139.35 million shares in 2018Q3 were reported.
Telemus Ltd has invested 0.05% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). South Carolina-based South State has invested 0.03% in Magellan Midstream Partners, L.P. (NYSE:MMP). Adell Harriman And Carpenter Inc holds 0% or 7,998 shares. Synovus Financial accumulated 100 shares. Spirit Of America Mgmt Ny stated it has 2.86% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Freestone Ltd Llc stated it has 0.21% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Cutter & Com Brokerage has 17,264 shares for 0.37% of their portfolio. Brookfield Asset Mngmt has 3.05 million shares for 0.86% of their portfolio. Security Natl Trust Company owns 4,000 shares. Jpmorgan Chase Company holds 0.06% in Magellan Midstream Partners, L.P. (NYSE:MMP) or 4.25M shares. Aperio Gp Limited Liability has 0% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 6,975 shares. Westpac has invested 0% in Magellan Midstream Partners, L.P. (NYSE:MMP). Novare Cap Limited Liability holds 1.01% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP) for 96,975 shares. Valley National Advisers reported 6,365 shares or 0.12% of all its holdings. Ballentine Prtnrs Lc stated it has 33,153 shares.

Since September 20, 2018, it had 0 buys, and 4 insider sales for $3.37 million activity. Korner Lisa J also sold $581,368 worth of Magellan Midstream Partners, L.P. (NYSE:MMP) shares. $343,467 worth of Magellan Midstream Partners, L.P. (NYSE:MMP) was sold by May Douglas J. $377,850 worth of Magellan Midstream Partners, L.P. (NYSE:MMP) was sold by Selvidge Jeff R.

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

Among 10 analysts covering Magellan Midstream (NYSE:MMP), 2 have Buy rating, 0 Sell and 8 Hold. Therefore 20% are positive. Magellan Midstream had 14 analyst reports since October 9, 2018 according to SRatingsIntel. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Buy” rating given on Friday, November 2 by Citigroup. On Monday, February 25 the stock rating was maintained by UBS with “Buy”. As per Wednesday, March 13, the company rating was maintained by J.P. Morgan. Wells Fargo maintained it with “Market Perform” rating and $72 target in Tuesday, November 6 report. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) earned “Buy” rating by Bank of America on Monday, November 5. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Hold” rating given on Monday, January 28 by Jefferies. The firm earned “Buy” rating on Thursday, December 20 by Jefferies. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Neutral” rating given on Tuesday, October 9 by Goldman Sachs. The firm has “Equal-Weight” rating given on Friday, November 2 by Barclays Capital. Below is a list of Magellan Midstream Partners, L.P. (NYSE:MMP) latest ratings and price target changes.

14/03/2019 Broker: BidaskScore Rating: Sell Downgrade
13/03/2019 Broker: J.P. Morgan Rating: Hold New Target: $72 Maintain
27/02/2019 Broker: Bank of America Old Rating: Buy New Rating: Neutral Downgrade
25/02/2019 Broker: UBS Rating: Buy New Target: $70 Maintain
28/01/2019 Broker: Jefferies Old Rating: Buy New Rating: Hold Downgrade
18/01/2019 Broker: SunTrust Rating: Hold New Target: $65 Initiates Coverage On
20/12/2018 Broker: Jefferies Old Rating: Hold New Rating: Buy Upgrade
29/11/2018 Broker: Mizuho Rating: Neutral New Target: $67 Initiates Coverage On
06/11/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Market Perform Old Target: $74 New Target: $72 Maintain
05/11/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $71 New Target: $77 Maintain

The stock decreased 0.42% or $0.25 during the last trading session, reaching $59.95. About 1.61M shares traded or 32.59% up from the average. Magellan Midstream Partners, L.P. (NYSE:MMP) has declined 3.57% since March 17, 2018 and is downtrending. It has underperformed by 7.94% 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 $13.69 billion. The firm operates through Refined Products, Crude Oil, and Marine Storage divisions. It has a 10.27 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: “Magellan Should Continue Its Ascent Higher – Seeking Alpha” on July 19, 2018, also Globenewswire.com with their article: “Report: Developing Opportunities within General Dynamics, Blackbaud, Sanofi, Magellan Midstream Partners, Air Transport Services Group, and Entergy — Future Expectations, Projections Moving into 2019 – GlobeNewswire” published on March 04, 2019, Seekingalpha.com published: “Not All High Yield Is Risky: Magellan Midstream Partners Is A Strong Buy With 30% Upside – Seeking Alpha” on October 31, 2018. More interesting news about Magellan Midstream Partners, L.P. (NYSE:MMP) were released by: Seekingalpha.com and their article: “Magellan Midstream Partners: Results Not As Bad As The Market Thinks – Seeking Alpha” published on February 04, 2019 as well as Nasdaq.com‘s news article titled: “3 Things Energy Transfer Has Coming Down the Pipeline – Nasdaq” with publication date: March 05, 2019.

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

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