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NEW YORK ( TheStreet) -- Magellan Midstream Partners L.P (NYSE: MMP) hit a new 52-week high Friday as it is currently trading at $67.21, above its previous 52-week high of $66.49 with 49,457 shares traded as of 10:19 a.m. ET. Average volume has been 251,400 shares over the past 30 days. Magellan Midstream Partners L.P has a market cap of $7.43 billion and is part of the basic materials sector and energy industry. Shares are up 17.3% year to date as of the close of trading on Thursday. Magellan Midstream Partners, L.P., together with its subsidiaries, engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. The company has a P/E ratio of 18.9, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.