Reaffirmed: Magellan Midstream (NYSE:MMP) Hold Rating Kept by RBC Capital; $80.0 Target in Place

February 10, 2018 – By Migdalia James

Investors sentiment is 0.9 in Q3 2017. Its the same as in 2017Q2. It is the same, as 42 investors sold Magellan Midstream Partners, L.P. shares while 161 reduced holdings. only 40 funds opened positions while 142 raised stakes. 134.51 million shares or 2.12% more from 131.72 million shares in 2017Q2 were reported.

Riverpark Advsrs Llc holds 0.18% or 18,900 shares in its portfolio. Cohen Management stated it has 40,000 shares. Douglass Winthrop Limited Co owns 5,631 shares. Sei Company holds 0.01% or 48,557 shares in its portfolio. State Of New Jersey Common Pension Fund D has 0.09% invested in Magellan Midstream Partners, L.P. (NYSE:MMP). Df Dent Comm has invested 0.01% in Magellan Midstream Partners, L.P. (NYSE:MMP). Tompkins, a New York-based fund reported 115 shares. River Road Asset Limited Co reported 588,030 shares or 0.82% of all its holdings. First Fincl Corporation In has invested 0.05% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Private Trust Na invested in 17,042 shares or 0.26% of the stock. Envestnet Asset invested in 0% or 12,753 shares. Evercore Wealth Mgmt reported 12,407 shares. Syntal Ptnrs Llc has 0.41% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 8,023 shares. Energy Income Ptnrs Ltd Liability invested in 4.36% or 3.33M shares. Yorkville Cap Mngmt Ltd Limited Liability Company holds 76,087 shares.

Since September 14, 2017, it had 0 insider purchases, and 1 insider sale for $353,200 activity.

Magellan Midstream (NYSE:MMP) Rating Reaffirmed

Recently, In an analyst report made public on Sunday morning, Magellan Midstream (NYSE:MMP) shares have had their Hold Rating kept by equity research analysts at RBC Capital, who currently has a $80.0 TP on company. This target by RBC Capital would indicate the possibile upside of 20.70 % from the last stock price.

Investors sentiment is 0.9 in Q3 2017. Its the same as in 2017Q2. It is the same, as 42 investors sold Magellan Midstream Partners, L.P. shares while 161 reduced holdings. only 40 funds opened positions while 142 raised stakes. 134.51 million shares or 2.12% more from 131.72 million shares in 2017Q2 were reported.

Riverpark Advsrs Llc holds 0.18% or 18,900 shares in its portfolio. Cohen Management stated it has 40,000 shares. Douglass Winthrop Limited Co owns 5,631 shares. Sei Company holds 0.01% or 48,557 shares in its portfolio. State Of New Jersey Common Pension Fund D has 0.09% invested in Magellan Midstream Partners, L.P. (NYSE:MMP). Df Dent Comm has invested 0.01% in Magellan Midstream Partners, L.P. (NYSE:MMP). Tompkins, a New York-based fund reported 115 shares. River Road Asset Limited Co reported 588,030 shares or 0.82% of all its holdings. First Fincl Corporation In has invested 0.05% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Private Trust Na invested in 17,042 shares or 0.26% of the stock. Envestnet Asset invested in 0% or 12,753 shares. Evercore Wealth Mgmt reported 12,407 shares. Syntal Ptnrs Llc has 0.41% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 8,023 shares. Energy Income Ptnrs Ltd Liability invested in 4.36% or 3.33M shares. Yorkville Cap Mngmt Ltd Limited Liability Company holds 76,087 shares.

Since September 14, 2017, it had 0 insider purchases, and 1 insider sale for $353,200 activity.

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

Among 23 analysts covering Magellan Midstream Partners L.P. (NYSE:MMP), 12 have Buy rating, 3 Sell and 8 Hold. Therefore 52% are positive. Magellan Midstream Partners L.P. has $91 highest and $61 lowest target. $75.61’s average target is 14.08% above currents $66.28 stock price. Magellan Midstream Partners L.P. had 59 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Monday, August 10 by Credit Suisse. The firm earned “Buy” rating on Thursday, January 4 by U.S. Capital Advisors. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, February 1. The rating was downgraded by Mizuho to “Underperform” on Monday, July 10. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) earned “Hold” rating by RBC Capital Markets on Tuesday, January 16. The company was maintained on Friday, April 29 by RBC Capital Markets. Barclays Capital maintained Magellan Midstream Partners, L.P. (NYSE:MMP) on Friday, February 2 with “Equal-Weight” rating. Mizuho initiated Magellan Midstream Partners, L.P. (NYSE:MMP) rating on Friday, September 30. Mizuho has “Neutral” rating and $73 target. The firm has “Hold” rating by RBC Capital Markets given on Sunday, November 5. Credit Suisse downgraded Magellan Midstream Partners, L.P. (NYSE:MMP) on Friday, February 5 to “Neutral” rating.

The stock decreased 0.45% or $0.3 during the last trading session, reaching $66.28. About 1.33M shares traded or 40.94% up from the average. Magellan Midstream Partners, L.P. (NYSE:MMP) has risen 3.55% since February 10, 2017 and is uptrending. It has underperformed by 13.15% 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 $15.11 billion. The firm operates through Refined Products, Crude Oil, and Marine Storage divisions. It has a 17.4 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 recent Magellan Midstream Partners, L.P. (NYSE:MMP) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Sensient Technologies, Hexcel and Magellan Midstream …” on February 01, 2018. Also Seekingalpha.com published the news titled: “Magellan Midstream Partners – Increasing Distribution Even During Recessions” on February 06, 2018. Reuters.com‘s news article titled: “Crude volumes on BridgeTex pipeline seen up 16 percent this year: Magellan” with publication date: February 01, 2018 was also an interesting one.