Among MLPs and midstream stocks, Viper Energy Partners (VNOM) rose 9.4% in the week ending February 1. The stock has risen 22% YTD (year-to-date). Global Partners (GLP) and GasLog Partners (GLOP) rose 7.6% and 7.5%, respectively. Cheniere Energy Partners (CQP) and Cheniere Energy (LNG) rose 7.2% and 5.4%, respectively. Cheniere Energy has risen ~12% YTD. To learn more, read Cheniere Energy’s Charts, Valuation, Price Targets, and More.
Magellan Midstream Partners reported its fourth-quarter results last week. The company saw two target price cuts last week, which we’ll discuss in the next part of this series.
Next, we’ll discuss Magellan Midstream Partners’ fourth-quarter results and the stock’s current yield.