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NEW YORK ( TheStreet) -- Magellan Midstream Partners L.P (NYSE: MMP) hit a new 52-week high Thursday as it is currently trading at $56.40, above its previous 52-week high of $56.29 with 181,228 shares traded as of 11 a.m. ET. Average volume has been 627,100 shares over the past 30 days. Magellan Midstream Partners L.P has a market cap of $12.45 billion and is part of the basic materials sector and energy industry. Shares are up 27.6% year to date as of the close of trading on Wednesday. Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of petroleum products in the United States.