Today, a Director at Magellan Midstream (MMP), Robert Croyle, sold shares of MMP for $127K.
This is Croyle’s first transaction since reporting a Sell transaction on RDC back in December 2012 In addition to Robert Croyle, 3 other MMP executives reported Sell trades in the last month.
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Based on Magellan Midstream’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $834 million and quarterly net profit of $314 million. In comparison, last year the company earned revenue of $725 million and had a net profit of $238 million. MMP’s market cap is $13.92B and the company has a P/E ratio of 10.46. Currently, Magellan Midstream has an average volume of 2.37M.
One of the top 25 analysts, according to TipRanks.com, recently recommended Buy MMP with a $74 price target. Based on 9 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $66.67, reflecting a 9.2% upside.
The insider sentiment on Magellan Midstream has been negative according to 21 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Robert Croyle’s trades have generated a -6.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Magellan Midstream Partners LP engages in the transportation, storage and distribution of petroleum products, such as crude oil. It operates through the following segments: Refined Products, Crude Oil and Marine Storage.
