Magellan Midstream Partners L.P. (NYSE:MMP).
Commonwealth Of Pennsylvania Public School Empls Retrmt SYS bought 4,272 shares in the previous quarter increasing its holdings in Magellan Midstream Partners L.P. by 0.3%. Its investment stood at $89,225,000 an increase of 0.0% according to the filing.
These firms have modified their investment in MMP. Fiduciary Financial Services Of The Southwest Inc /tx cut its ownership by shedding 1,021 shares a decrease of 0.7% from 06/30/2017 to 09/30/2017. Fiduciary Financial Services Of The Southwest Inc /tx now controls 151,165 shares valued at $10,742,000. The total value of its holdings decreased 1.0%. Thomaspartners, Inc. reduced its holdings by selling 4,080 shares a decrease of 1.3%. Thomaspartners, Inc. owns 308,814 shares with a value of $21,944,000. The value of the position overall is down by 1.6%.
As of the end of the quarter Raymond James & Associates had acquired a total of 199,238 shares growing its holdings by 30.6%. The value in dollars increased from $46,411,000 to $60,432,000 increasing 30.2% quarter to quarter.
On October 20 Mizuho held the stock rating at “Sell” with a current price target of $72.00.
September 3 investment analysts at Jefferies Group LLC left the stock rating at “Hold” targeting a price of $70.00. August 3 investment analysts at Stifel Nicolaus maintained a stock rating of “Hold” projecting a price of $77.00.
The company is trading up since yesterday’s close of 65.3. The P/E ratio is currently 17.71 and market cap is 14.95B. As of the latest earnings report the EPS was $3.70 with 228.02M shares outstanding.
Traders are feeling more bearish on Magellan Midstream Partners L.P. of late if you take into consideration the rise in short interest. The company saw a rise in short interest from September 29, 2017 to October 13, 2017 of 2.64%. Short interest increased from 4,344,398 to 4,459,143 over that timeframe. Days to cover increased 4.0 to 10.0 and the short interest percentage is 0.02% as of October 13.