Walnut Private Equity Partners LLC grew its stake in shares of Magellan Midstream Partners, L.P. (NYSE:MMP) by 11.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 219,405 shares of the pipeline company’s stock after buying an additional 22,020 shares during the period. Magellan Midstream Partners accounts for 12.4% of Walnut Private Equity Partners LLC’s portfolio, making the stock its 3rd biggest holding. Walnut Private Equity Partners LLC’s holdings in Magellan Midstream Partners were worth $15,107,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Chickasaw Capital Management LLC lifted its position in shares of Magellan Midstream Partners by 2.6% during the 4th quarter. Chickasaw Capital Management LLC now owns 2,736,674 shares of the pipeline company’s stock valued at $194,140,000 after buying an additional 70,619 shares in the last quarter. Atlantic Trust Group LLC lifted its position in shares of Magellan Midstream Partners by 43.4% during the 3rd quarter. Atlantic Trust Group LLC now owns 3,149,302 shares of the pipeline company’s stock valued at $223,789,000 after buying an additional 953,808 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Magellan Midstream Partners by 3.1% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 502,232 shares of the pipeline company’s stock valued at $35,689,000 after buying an additional 14,894 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of Magellan Midstream Partners by 59.8% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 225,985 shares of the pipeline company’s stock valued at $16,058,000 after buying an additional 84,540 shares in the last quarter. Finally, Institutional & Family Asset Management LLC lifted its position in shares of Magellan Midstream Partners by 54.4% during the 3rd quarter. Institutional & Family Asset Management LLC now owns 79,905 shares of the pipeline company’s stock valued at $5,678,000 after buying an additional 28,155 shares in the last quarter. 62.03% of the stock is currently owned by hedge funds and other institutional investors.

Magellan Midstream Partners, L.P. (MMP) traded up $0.83 during midday trading on Friday, reaching $73.75. The company had a trading volume of 1,115,100 shares, compared to its average volume of 840,175. The company has a current ratio of 0.50, a quick ratio of 0.29 and a debt-to-equity ratio of 1.90. Magellan Midstream Partners, L.P. has a one year low of $63.55 and a one year high of $81.77. The stock has a market cap of $17,010.00, a PE ratio of 19.93, a PEG ratio of 2.36 and a beta of 0.77.

Magellan Midstream Partners (NYSE:MMP) last posted its quarterly earnings results on Thursday, November 2nd. The pipeline company reported $0.97 EPS for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.02. Magellan Midstream Partners had a return on equity of 40.99% and a net margin of 34.50%. The company had revenue of $551.80 million for the quarter, compared to analysts’ expectations of $610.12 million. During the same period in the previous year, the firm earned $0.91 EPS. The firm’s revenue was down 3.7% compared to the same quarter last year. sell-side analysts predict that Magellan Midstream Partners, L.P. will post 3.87 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on MMP. Credit Suisse Group began coverage on Magellan Midstream Partners in a research report on Thursday, January 4th. They set an “underperform” rating on the stock. Bank of America started coverage on Magellan Midstream Partners in a report on Tuesday. They issued a “buy” rating on the stock. Citigroup raised Magellan Midstream Partners from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Thursday, September 21st. BMO Capital Markets started coverage on Magellan Midstream Partners in a report on Monday, December 11th. They issued a “buy” rating and a $80.00 price target on the stock. Finally, Mizuho reissued a “sell” rating and issued a $72.00 price target on shares of Magellan Midstream Partners in a report on Friday, October 20th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $77.97.

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Magellan Midstream Partners Profile

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Institutional Ownership by Quarter for Magellan Midstream Partners (NYSE:MMP)

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