Magellan Midstream Partners, L.P. Just Recorded A Sigfniciant Bullish Options Activity

 Magellan Midstream Partners, L.P. Just Recorded A Sigfniciant Bullish Options Activity

In today’s session Magellan Midstream Partners, L.P. (MMP) registered an unusually high (473) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious MMP increase. With 473 contracts traded and 12924 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: MMP170120C00072500 closed last at: $0.8 or 11.1% down. About 467,926 shares traded hands. Magellan Midstream Partners, L.P. (NYSE:MMP) has declined 3.23% since March 31, 2016 and is downtrending. It has underperformed by 5.75% the S&P500.

Magellan Midstream Partners, L.P. (NYSE:MMP) Ratings Coverage

Out of 16 analysts covering Magellan Midstream Partners L.P. (NYSE:MMP), 9 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 56% are positive. Magellan Midstream Partners L.P. has been the topic of 29 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets on Friday, April 29 with “Outperform”. The company was upgraded on Wednesday, January 6 by UBS. On Friday, February 5 the stock rating was downgraded by Credit Suisse to “Neutral”. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Buy” rating given on Friday, August 7 by Citigroup. The firm earned “Outperform” rating on Monday, August 10 by Credit Suisse. As per Monday, August 10, the company rating was maintained by Argus Research. Ladenburg Thalmann initiated Magellan Midstream Partners, L.P. (NYSE:MMP) on Wednesday, July 13 with “Buy” rating. Credit Suisse downgraded the shares of MMP in a report on Thursday, March 17 to “Underperform” rating. The firm has “Buy” rating by Seaport Global given on Tuesday, June 14. Raymond James maintained the shares of MMP in a report on Saturday, August 8 with “Buy” rating.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 0.86 in Q2 2016. Its down 0.06, from 0.92 in 2016Q1. The ratio turned negative, as 43 funds sold all Magellan Midstream Partners, L.P. shares owned while 175 reduced positions. 44 funds bought stakes while 144 increased positions. They now own 129.66 million shares or 6.53% less from 138.72 million shares in 2016Q1.
Sfmg Lc has 0.57% invested in the company for 33,424 shares. Oakworth Cap has invested 0% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Paradigm Asset Mngmt Limited Liability Com has 63,240 shares for 0% of their US portfolio. Kayne Anderson Lp accumulated 4.80M shares or 4.05% of the stock. Moreover, Maryland Capital has 0.06% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 5,150 shares. Blair William & Communication Il has invested 0.25% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Comerica National Bank holds 0.01% or 15,283 shares in its portfolio. King Luther Cap accumulated 66,482 shares or 0.05% of the stock. Boys Arnold And holds 0.28% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP) for 21,029 shares. Commonwealth Bank Of holds 0.25% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP) for 284,214 shares. Thrivent Financial For Lutherans last reported 300 shares in the company. Moreover, Catawba Cap Va has 0.71% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 38,707 shares. Whitnell And has invested 0.53% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Sigma Planning Corp accumulated 15,099 shares or 0.15% of the stock. The Michigan-based Telemus Cap Limited Liability Company has invested 0.07% in Magellan Midstream Partners, L.P. (NYSE:MMP).

Insider Transactions: Since May 6, 2016, the stock had 0 insider purchases, and 1 sale for $7,002 net activity. $7,002 worth of Magellan Midstream Partners, L.P. (NYSE:MMP) shares were sold by MEARS MICHAEL N. 5,504 shares were sold by Selvidge Jeff R, worth $396,288 on Friday, May 6.

Magellan Midstream Partners, L.P. is engaged in the transportation, storage and distribution of refined petroleum products and crude oil. The company has a market cap of $14.94 billion. The Company’s business divisions include Refined Products, Crude Oil and Marine Storage. It has a 17.7 P/E ratio.

MMP Company Profile

Magellan Midstream Partners, L.P. (Magellan), incorporated on August 30, 2000, is engaged in the transportation, storage and distribution of refined petroleum products and crude oil. The Company’s business divisions include Refined Products, Crude Oil and Marine Storage. The Company’s asset portfolio, including the assets of its joint ventures, consist of the Company’s refined products segment, consisting of Magellan’s over 9,500 mile refined products pipeline system with approximately 50 terminals, as well as over 30 independent terminals not connected to the Company’s pipeline system and its approximately 1,100-mile ammonia pipeline system; its crude oil segment, which consists of approximately 1,700 miles of crude oil pipelines and storage facilities, and its marine storage segment, consisting of over five marine terminals located along coastal waterways with an aggregate storage capacity of approximately 30 million barrels. Magellan GP, LLC serves as its general partner. The Company’s products include refined products, liquefied petroleum gases, or LPGs, blendstocks, heavy oils and feedstocks, crude oil and condensate, biofuels and ammonia.

More notable recent Magellan Midstream Partners, L.P. (NYSE:MMP) news were published by: Fool.com which released: “Magellan Midstream Partners LP Posts a Solid Quarter, Ups Guidance” on November 02, 2016, also Fool.com with their article: “Better Buy: Magellan Midstream Partners LP vs. Kinder Morgan Inc.” published on October 19, 2016, Forbes.com published: “Ex-Dividend Reminder: EnLink Midstream Partners, Magellan Midstream and …” on October 25, 2016. More interesting news about Magellan Midstream Partners, L.P. (NYSE:MMP) were released by: Fool.com and their article: “Magellan Midstream Partners, LP in 5 Charts” published on September 16, 2016 as well as Fool.com‘s news article titled: “How Risky Is Magellan Midstream Partners, LP?” with publication date: August 18, 2016.

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