E Daily Stock Analysis: Magellan Midstream Partners

A new portfolio of stocks I started building September 8, at a one stock per week pace for the next year, is named Vista.  I will select its fourth stock this coming weekend. Vista is the sixth portfolio I've built (at a one dividend dog per-week pace) since 2014. Six portfolios = VI for Vista!

Vista is planned to Look Ahead for Outstanding, Proven, Dividend Winners. (Like Aristocrats)

Today we'll review the third of five energy sector stock candidates vying to be that fourth selection for the Vista portfolio.

My subject today is a mid-cap oil and gas midstream firm. It is named, Magellan Midstream Partners LP. Its trading ticker symbol is MMP. This is my first report on Magellan Midstream Partners LP for this Vista dog of the week portfolio. I did review it for Volio, also. 

Magellan Midstream Partners is a master limited partnership that operates pipelines and storage terminals in the Central and Eastern United States. 

Its assets transport, store, and distribute refined petroleum products and crude and earn a fee-based stream of cash flows. 

Assets include the country's longest petroleum pipeline network, terminal storage, and several crude oil pipelines. Refined products make about 55% of operating margin, with the balance split between crude pipelines and marine terminals.

Magellan Midstream Partners, L.P. was founded in 2000 and is headquartered in Tulsa, Oklahoma.

I use three key data points to gauge dividend equities or funds like Magellan Midstream Partners, L.P.:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether a company has made, is making, and will make money. 

MMP Price

Magellan's price per share closed at $34.94 yesterday. A year ago its price was $66.27. Price fell $31.33 or just over 47.25% last year.

If Magellan's stock trades in the range of $28 to $48 this next year, its recent $34.94. Price might rise by $5.06 to reach $40.00 by September 30, 2021. 

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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...

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