Discover the stocks that enjoyed record volumes amid yesterday's decline

Take a look at the following energy stocks: Magellan Midstream Partners, L.P., ONEOK, Inc., HollyFrontier Corp and others showed higher volumes than usual.

Here's an update with information from the last trading session: Leading equity indices in the US declined as Dow Jones lost 1% and ended the session at 33,000. S&P 500 closed at 4,110, a 0.64% change.

Why Trading Volume Matters

Trading volume is simply the total number of shares traded including both buy and sell orders. If a stock has appreciated on high volume, it is more likely to be a sustained move compared to an appreciation with low volume. Typically, high volume trading sessions are considered significant occurrences and closely watched by traders.

Though trading was down yesterday, some energy stocks reached high volumes. Here is an update.

Magellan Midstream Partners | 373% higher than rolling average

Yesterday's trading volume peaked at 6.33 million shares, thereby blitzing the daily average of 1.70 million by 373%.

The past 3 months have been positive for the Oklahoma-based pipeline owner as it added 13.96% compared to its 3-month low of $45.69. The stock has been trending positively for about a month.

Magellan Midstream Partners discloses $1.05 per share dividend to be paid on Monday, May 15th

ONEOK | 287% higher than rolling average

ONEOK outpaced its average daily trading volume (3.24 million) with 9.30 million shares traded yesterday.

The natural gas goliath has shed 17.87% over the past three months. Pointing downwards for around a month.

ONEOK discloses 95.5 cents per share dividend to be paid on Monday, May 15th

HollyFrontier | 119% slightly above rolling average

With 4.78 million shares traded yesterday, HollyFrontier beat its daily average by 119% to cap off a frenetic trading day.

— Average trading volume refers to a 21-day rolling average.