Shares of Magellan Midstream Partners L.P. (MMP) Sees Large Inflow of Net Money Flow

Magellan Midstream Partners L.P. (MMP) traded negative at $79.14. On an intraday basis, the price dropped -0.04 points or -0.04%. The composite uptick value was $2.31 million while the combined downtick value was $1.32. The net money flow was $0.99 million while the up/down ratio was not very comforting at 1.75. The shares on a weekly note has seen a change in share price of -2.85%.According to the trading data, the shares saw a block trade with $1.2 million in upticks and $0 million in downticks. The up/down ratio for the block was calculated to be 0. The net money flow for the block trade was 1.2.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Magellan Midstream Partners, L.P. rose by 1.76% in the last five trading days and 6.9% for the last 4 weeks. Magellan Midstream Partners, L.P. is up 20.26% in the last 3-month period. Year-to-Date the stock performance stands at 6.9%. Magellan Midstream Partners L.P. (NYSE:MMP) rose 2.12% or 1.675 points on Wednesday and made its way into the gainers of the day. After trading began at $79.47 the stock was seen hitting $81 as a peak level and $78.86 as the lowest level. The stock ended up at $80.85. The daily volume was measured at 1,185,176 shares. The 52-week high of the share price is $81.7 and the 52-week low is $55.75. The company has a market cap of $18,416 million.

Company has reported several Insider transactions to the SEC, on Dec 9, 2016, Jeff R Selvidge (Senior Vice President) sold 5,000 shares at 70.27 per share price.On Sep 1, 2016, Michael N Mears (President & CEO) sold 100 shares at 70.02 per share price.On Mar 2, 2016, Douglas J May (Senior Vice President) sold 8,000 shares at 68.25 per share price.

Magellan Midstream Partners L.P. Last issued its quarterly earnings results on Nov 2, 2016. The company reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.90. The company had revenue of $586.67 million for the quarter, compared to analysts expectations of $563.51 million. The companys revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Magellan Midstream Partners L.P. was Downgraded by Raymond James to Outperform on Jan 12, 2017. Magellan Midstream Partners L.P. was Initiated by Ladenburg Thalmann to Buy on Dec 19, 2016. Magellan Midstream Partners L.P. was Upgraded by Goldman to Buy on Dec 15, 2016.

Magellan Midstream Partners, L.P., formerly Williams Energy Partners L.P., is a publicly traded partnership formed to own, operate and acquire a diversified portfolio of energy assets. The partnership primarily transports, stores and distributes refined petroleum products and ammonia.


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