Stifel downgraded Magellan Midstream from Buy to Hold and set a new price target of $64.00 from $61.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/16/2023 | Hold → Sell | Argus | |
| 5/18/2023 | $59.00 → $66.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 5/18/2023 | $61.00 → $64.00 | Buy → Hold | Stifel |
| 5/17/2023 | $57.00 → $63.00 | Buy → Neutral | Citigroup |
| 5/17/2023 | $59.00 → $66.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 4/21/2023 | Outperform → Mkt Perform | Raymond James | |
| 1/18/2023 | $59.00 | Equal Weight → Overweight | Barclays |
| 12/16/2022 | $57.00 → $56.00 | Overweight → Equal Weight | Wells Fargo |
SC 13G/A - Magellan Midstream Partners, L.P. (0001126975) (Subject)
SC 13G/A - Magellan Midstream Partners, L.P. (0001126975) (Subject)
SC 13G/A - Magellan Midstream Partners, L.P. (0001126975) (Subject)
TULSA, Okla., Jan. 26, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE:MMP) announced today that Michael Mears will retire on April 30. Mears has served as president, chief executive officer and chairman of the board for Magellan since 2011. Aaron Milford, 48, will succeed Mears as president and chief executive officer and will become a board member effective May 1. Currently, Milford serves as the partnership's chief operating officer. At the same time, Barry Pearl, who now serves as lead director, will become chairman of the board, separating the roles of chairm
LEAWOOD, KS / ACCESSWIRE / September 25, 2023 / TortoiseEcofin today announced a revision of timing of the removal of Magellan Midstream Partners, L.P. (NYSE:MMP) from the Tortoise MLP Index® (TMLP), and the Tortoise North American Pipeline IndexSM (TNAP) as a result of the approved acquisition by ONEOK, Inc. (NYSE:OKE). Due to the acquisition, MMP will be removed from both indices at market close on Monday, September 25, 2023.MMP will be dropped from Tortoise MLP Index® (TMLP) and Tortoise North American Pipeline IndexSM (TNAP) with a special rebalancing.About TortoiseEcofinTortoiseEcofin focuses on essential assets - those assets and services that are indispensable to the economy and socie
TULSA, Okla., Sept. 25, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE:OKE) (ONEOK) today announced that it has completed its acquisition of Magellan Midstream Partners, L.P. (Magellan), creating a more diversified North American midstream infrastructure company focused on delivering essential energy products and services to its customers, and continued strong returns to investors. The transaction was approved by ONEOK shareholders and Magellan unitholders at their respective special meetings held on September 21, 2023. "This is a significant day for Tulsa and the industry as we bring together the talented ONEOK and Magellan teams and look to the future as one company," said Pierce H. Norton II, ON
LEAWOOD, KS / ACCESSWIRE / September 22, 2023 / TortoiseEcofin today announced that Magellan Midstream Partners, L.P. (NYSE:MMP) will be removed from the Tortoise MLP Index® (TMLP), and the Tortoise North American Pipeline IndexSM (TNAP) as a result of the approved acquisition by ONEOK, Inc. (NYSE:OKE). Due to the acquisition, MMP will be removed from both indices at market open on Monday, September 25, 2023.MMP will be dropped from Tortoise MLP Index® (TMLP) and Tortoise North American Pipeline IndexSM (TNAP) with a special rebalancing.About TortoiseEcofinTortoiseEcofin focuses on essential assets - those assets and services that are indispensable to the economy and society. We strive to ma
We performed a screening of mid-cap ETFs, defined as having Assets Under Management (AUM) between $2 billion and $10 billion - to determine what funds had the largest positive and negative returns on the week, according to data from etfdb.com. Only non-leveraged funds were considered. Winners Global X Uranium ETF (NYSE:URA) URA is up 4.59% over the trailing week. The Global X Uranium ETF offers exposure to companies that deal with uranium mining, refining, and handling. It is slightly more weighted toward larger cap companies than URNM. The fund has $2.06 billion in AUM and an expense ratio of 0.69%. URA has holdings in 47 companies, with the 10 largest comprising 68.24% of the fund. The fun
Transaction delivers full value to Magellan unitholders and provides unitholders with ownership in a stronger combined company Combined company better positioned to address secular risks and achieve strong growth and value creation over the long term Board carefully considered alternative opportunities, structures and tax implications Magellan urges unitholders to vote "FOR" the pending merger today TULSA, Okla., Aug. 29, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE:MMP) ("Magellan") today announced the filing of an investor presentation with the U.S. Securities and Exchange Commission in connection with our pending merger with ONEOK, Inc. (NYSE:OKE) ("ONEOK"). The invest
4 - Magellan Midstream Partners, L.P. (0001126975) (Issuer)
4 - Magellan Midstream Partners, L.P. (0001126975) (Issuer)
4 - Magellan Midstream Partners, L.P. (0001126975) (Issuer)
Transaction to Close on September 25, 2023 TULSA, Okla., Sept. 21, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE:OKE) ("ONEOK") and Magellan Midstream Partners, L.P. (NYSE:MMP) ("Magellan") today announced that, at their respective Special Meetings, ONEOK shareholders and Magellan unitholders approved the previously announced merger. "We are very pleased with the strong support from ONEOK shareholders and Magellan unitholders, which reflects their belief in the power of our combination," said Pierce H. Norton II, ONEOK president and chief executive officer. "Having achieved this important milestone, we look forward to closing on September 25 and moving forward as one company with a continued commi
TULSA, Okla., Sept. 11, 2023 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE:MMP) has declared a special cash distribution expected to equal 24.74 cents per unit payable on Sept. 25 to unitholders of record at the close of business on Sept. 21. The right to issue this special distribution was negotiated as part of our pending merger with ONEOK, Inc., providing us the option to pay up to $50 million, or 24.74 cents per unit based on the 202.1 million units currently outstanding, if the merger has not closed by Sept. 14 and if we have generated
TULSA, Okla., Sept. 7, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE:OKE) today announced that the two leading proxy advisory firms, Institutional Shareholder Services (ISS) and Glass Lewis & Co. (Glass Lewis), have recommended that ONEOK shareholders vote in favor of all proposals related to ONEOK's pending acquisition of Magellan Midstream Partners, L.P. (NYSE:MMP) (Magellan) at ONEOK's upcoming Special Meeting of Shareholders. In making the recommendations, ISS and Glass Lewis stated in their September 7, 2023, and September 6, 2023, reports, respectively1: "On balance, given the expected financial strength of the combined company, including the benefits of the tax basis step-up, the expected EP
Argus downgraded Magellan Midstream from Hold to Sell
RBC Capital Mkts downgraded Magellan Midstream from Outperform to Sector Perform and set a new price target of $66.00 from $59.00 previously
Stifel downgraded Magellan Midstream from Buy to Hold and set a new price target of $64.00 from $61.00 previously
15-12G - Magellan Midstream Partners, L.P. (0001126975) (Filer)
S-8 POS - Magellan Midstream Partners, L.P. (0001126975) (Filer)
S-8 POS - Magellan Midstream Partners, L.P. (0001126975) (Filer)