Magellan Midstream Partners LP
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Energy : Oil, Gas & Consumable Fuels | Mid Cap Value
Company profile

Magellan Midstream Partners, L.P. is principally engaged in the transportation, storage and distribution of refined petroleum products and crude oil. The Company operates through three segments: refined products, crude oil and marine storage. As of December 31, 2016, its asset portfolio, including the assets of its joint ventures, consisted of its refined products segment, consisting 9,700-mile refined products pipeline system with 53 terminals, as well as 26 independent terminals not connected to its pipeline system and its 1,100-mile ammonia pipeline system; its crude oil segment, consisted of approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 26 million barrels, of which 16 million are used for contract storage, and its marine storage segment, consisted of five marine terminals located along coastal waterways with an aggregate storage capacity of approximately 26 million barrels.

Closing Price
$44.53
Day's Change
-0.81 (-1.79%)
Bid
--
Ask
--
B/A Size
--
Day's High
45.57
Day's Low
44.35
Volume
(Light)
Volume:
780,123

10-day average volume:
1,009,619
780,123

UPDATE: Dow futures struggle for direction Tuesday evening after Moderna vaccine report sparks Dow's 390-point skid

11:55 pm ET May 19, 2020 (MarketWatch)
Print

U.S. stock-index futures ticked higher in thinly traded bumpy action Tuesday evening after the Dow snapped a three-session win streak in the last hour of the regular session, following a report that cast doubt on a coronavirus remedy. Futures for the Dow Jones Industrial Average rose 0.2% at 24,194, those for the S&P 500 edged up 0.1% at 2,921.50, while Nasdaq-100 futures added 0.2% higher at 9,316. During Tuesday's regular session, the Dow fell 390.51 points, or 1.6%, to end at 24,206.86, near its session low, while the S&P 500 index shed 30.97 points, or 1.1%, to finish at 2,922.94. The Nasdaq Composite Index declined 49.72 points, or 0.5%, to close at 9,185.10. Partly tripping up the bullish mood on Wall Street was a report from Boston Globe Media's STAT news (https://www.statnews.com/2020/05/19/vaccine-experts-say-moderna-didnt-produce-data-critical-to-assessing-covid-19-vaccine/), which cast doubt on Moderna Inc.'s (MRNA) coronavirus vaccine candidate. In corporate news after-hours Tuesday, Nasdaq Inc. (NDAQ) said Luckin Coffee Inc. (LK) is scheduled to resume trading Wednesday. The China-based coffee chain has been halted since allegations that employees fabricated transactions disclosed by the company in its annual report. Nasdaq is also going through proceedings that would remove the company from its exchange platform. Separately, Johnson & Johnson (JNJ)said (http://www.marketwatch.com/story/jj-pulls-sale-of-talc-based-baby-powder-in-north-america-2020-05-19) it will stop selling talc-based baby powder in North America following a flurry of lawsuits alleging the product causes cancer.

-Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 19, 2020 23:55 ET (03:55 GMT)

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