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

Magellan Midstream Partners L.P. (NYSE:MMP) traded negative at $72.05. On an intraday basis, the price dropped -0.39 points or -0.54%. The composite uptick value was $19.29 million while the combined downtick value was $10.07. The net money flow was $9.23 million while the up/down ratio was not very comforting at 1.92. The shares on a weekly note has seen a change in share price of -0.15%.According to the trading data, the shares saw a block trade with $9.12 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 9.12.


Currently the company Insiders own 0.28% of Magellan Midstream Partners L.P. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -18.04% . Institutional Investors own 62.79% of Magellan Midstream Partners L.P. shares. During last six month period, the net percent change held by insiders has seen a change of -13.84%. On the companys insider trading activities, Selvidge Jeff R, officer (Senior Vice President) of Magellan Midstream Partners Lp, unloaded 5,504 shares at an average price of $72 on May 6, 2016. The total amount of the transaction was worth $396,288, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Magellan Midstream Partners L.P. (NYSE:MMP) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.39 points or 0.54% at $72.05 with 757,301 shares getting traded. Post opening the session at $72, the shares hit an intraday low of $71.55 and an intraday high of $72.75 and the price was in this range throughout the day. The company has a market cap of $16,412 million and the number of outstanding shares have been calculated to be 227,783,920 shares. The 52-week high of Magellan Midstream Partners L.P. (NYSE:MMP) is $79.85 and the 52-week low is $54.51.

Many analysts have stated their opinion on the company shares. JP Morgan maintains its view on Magellan Midstream Partners L.P. (NYSE:MMP) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. JP Morgan lowers the price target from $82 per share to $78 per share on Magellan Midstream Partners L.P.. The rating by the firm was issued on May 16, 2016.

Magellan Midstream Partners, L.P. (Magellan) is engaged in the transportation, storage and distribution of refined petroleum products and crude oil. The Companys business segments include Refined Products, Crude Oil and Marine Storage. The Companys refined products segment consists of Magellans 9,500-mile refined products pipeline system with 53 terminals, as well as 27 independent terminals not connected to the Companys pipeline system and its 1,100-mile ammonia pipeline system. Magellans crude oil segment consists of approximately 1,600 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 21 million barrels, of which 12 million is used for leased storage. Its marine storage segment consists of five marine terminals located along coastal waterways with an aggregate storage capacity of approximately 26 million barrels.

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