Is MMP a good buy?

Out of 8 analysts, 1 (12.5%) are recommending MMP as a Strong Buy, 1 (12.5%) are recommending MMP as a Buy, 4 (50%) are recommending MMP as a Hold, 1 (12.5%) are recommending MMP as a Sell, and 1 (12.5%) are recommending MMP as a Strong Sell. What is MMP’s earnings growth forecast for 2022-2024?

Is Magellan an MLP?

Magellan Midstream Partners (NYSE:MMP) is an investment grade MLP with no IDR structure to suck profits from investors into the bank accounts of management.

Why is MMP down?

Crude Oil: Operating margin of $103.8 million decreased 5.4% from the fourth quarter of 2020 to $103.8 million as transportation and terminals revenues fell due to overall lower tariff rates on Magellan Midstream’s pipeline systems, reduction in volumes shipped through the Houston distribution system and a dip in …

What kind of company is MMP?

Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. It operates through Refined Products and Crude Oil segments.

Is MMP a Buy Sell or Hold?

For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment….Momentum Scorecard. More Info.

Zacks Rank Definition Annualized Return
1 Strong Buy 25.08%
2 Buy 18.56%
3 Hold 10.15%
4 Sell 5.79%

Does MMP pay a dividend?

MMP pays a dividend of $4.14 per share. MMP’s annual dividend yield is 8.48%. MAGELLAN MIDSTREAM PARTNERS’s dividend is higher than the US industry average of 6.06%, and it is higher than the US market average of 3.52%.

Is Magellan Midstream dividend safe?

Magellan Midstream is a 13/13 Ultra SWAN quality MLP with a fortress balance sheet and one of the best management teams in the industry. It’s the 3rd highest quality name in its industry and the highest safe yield on Wall Street, with steady payout growth expected through 2026 and beyond.

What do the letters MMP stand for?

Mixed-member proportional representation (MMP or MMPR) is a mixed electoral system in which voters get two votes: one to decide the representative for their single-seat constituency, and one for a political party.

Who owns Magellan pipeline?

Magellan Pipeline Company is a wholly-owned subsidiary of MMP which owns and operates the nation’s longest pipeline for the transportation of refined petroleum products.

What is Zacks rating of MMP?

Magellan Midstream Partners, L.P. – Buy Zacks’ proprietary data indicates that Magellan Midstream Partners, L.P. is currently rated as a Zacks Rank 2 and we are expecting an above average return from the MMP shares relative to the market in the next few months.

What is the next ex dividend date for MMP?

MMP Dividend History

08/06/2020 CASH $1.028
05/07/2020 CASH $1.028
02/06/2020 CASH $1.028
11/06/2019 CASH $1.02