Shell Midstream Partners, L.P. is a master limited partnership company, which owns, operates, develops and acquires pipelines and other midstream assets. The Company conducts its operations through its subsidiary, Shell Midstream Operating, LLC. Its assets consist of interests in entities that own crude oil and refined products pipelines serving as key infrastructure to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets and to deliver refined products from those markets to demand centers. As of December 31, 2016, it owned interests in seven crude oil pipeline systems, three refined products systems, one natural gas gathering pipeline system and a crude tank storage and terminal system. Its pipeline and terminal systems include Zydeco crude oil system, Auger crude oil system, Mars crude oil system, Bengal product system, Poseidon crude oil system, Odyssey crude oil system, Proteus crude oil system and Endymion crude oil system.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Oil & Gas Transportation Services - NEC
- Sub-Industry: N/A
- Symbol: NYSE:SHLX
- CUSIP: N/A
- Web: www.shellmidstreampartners.com
Capitalization:- Market Cap: $5.09 billion
- Outstanding Shares: 177,317,000
Average Prices:- 50 Day Moving Avg: $29.43
- 200 Day Moving Avg: $31.24
- 52 Week Range: $25.42 - $34.17
P/E:- Trailing P/E Ratio: 22.51
- Foreward P/E Ratio: 16.98
- P/E Growth: 1.48
Sales & Book Value:- Annual Revenue: $284.8 million
- Price / Sales: 17.86
- Book Value: $0.66 per share
- Price / Book: 43.47
Dividend:- Annual Dividend: $1.16
- Dividend Yield: 4.2%
Profitability:- EBIDTA: $171.5 million
- Net Margins: 91.43%
- Return on Equity: 99.20%
- Return on Assets: 31.14%
Debt:- Debt-to-Equity Ratio: 4.98%
- Current Ratio: 4.19%
- Quick Ratio: 4.19%
Misc:- Average Volume: 362,414 shs.
- Beta: 1.2
- Short Ratio: 4.95
Frequently Asked Questions for Shell Midstream Partners, L.P. (NYSE:SHLX)
What is Shell Midstream Partners, L.P.'s stock symbol?
Shell Midstream Partners, L.P. trades on the New York Stock Exchange (NYSE) under the ticker symbol "SHLX."
How often does Shell Midstream Partners, L.P. pay dividends? What is the dividend yield for Shell Midstream Partners, L.P.?
Shell Midstream Partners, L.P. announced a quarterly dividend on Thursday, July 20th. Stockholders of record on Monday, July 31st will be paid a dividend of $0.3041 per share on Monday, August 14th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend is Thursday, July 27th. View Shell Midstream Partners, L.P.'s Dividend History.
How were Shell Midstream Partners, L.P.'s earnings last quarter?
Shell Midstream Partners, L.P. (NYSE:SHLX) announced its earnings results on Friday, May, 5th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.02. The company earned $70.20 million during the quarter, compared to the consensus estimate of $77.82 million. Shell Midstream Partners, L.P. had a net margin of 91.43% and a return on equity of 99.20%. Shell Midstream Partners, L.P.'s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 EPS. View Shell Midstream Partners, L.P.'s Earnings History.
When will Shell Midstream Partners, L.P. make its next earnings announcement?
Where is Shell Midstream Partners, L.P.'s stock going? Where will Shell Midstream Partners, L.P.'s stock price be in 2017?
5 equities research analysts have issued 1-year price targets for Shell Midstream Partners, L.P.'s stock. Their predictions range from $29.00 to $41.00. On average, they expect Shell Midstream Partners, L.P.'s share price to reach $36.00 in the next twelve months. View Analyst Ratings for Shell Midstream Partners, L.P..
Who are some of Shell Midstream Partners, L.P.'s key competitors?
Some companies that are related to Shell Midstream Partners, L.P. include Cheniere Energy Partners LP (CQP), Cheniere Energy Partners LP (CQP), Targa Resources (TRGP), Buckeye Partners L.P. (BPL), Enable Midstream Partners, LP (ENBL), EQT Midstream Partners, LP (EQM), EnLink Midstream Partners, LP (ENLK), Enbridge Energy, L.P. (EEP), Tesoro Logistics LP (TLLP), Phillips 66 Partners LP (PSXP), Plains Group Holdings, L.P. (PAGP), Genesis Energy, L.P. (GEL), Tallgrass Energy Partners, LP (TEP), EnLink Midstream, LLC (ENLC), Valero Energy Partners LP (VLP), SemGroup Corp (SEMG), Semgroup Corporation (SEMG) and Summit Midstream Partners, LP (SMLP).
Who are Shell Midstream Partners, L.P.'s key executives?
Shell Midstream Partners, L.P.'s management team includes the folowing people:
- Curtis R. Frasier, Chairman of the general partners
- John Hollowell, President, Chief Executive Officer, Director of the General Partner
- Shawn J. Carsten, Chief Financial Officer, Vice President, Director of the General Partner
- Alton G. Smith, Vice President - Operations of general partners.
- Lori M. Muratta, Vice President, General Counsel, Secretary of general partner
- Kevin M. Nichols, Vice President - Commercial of general partner
- James J. Bender, Director of general partner
- Carlos Antonio Fierro, Director of general partner
- Paul R A Goodfellow Ph.D., Director of general partner
- Rob L. Jones, Director of general partner
Who owns Shell Midstream Partners, L.P. stock?
Shell Midstream Partners, L.P.'s stock is owned by many different of institutional and retail investors. Top institutional investors include Chickasaw Capital Management LLC (4.87%), Miller Howard Investments Inc. NY (1.04%), Eagle Global Advisors LLC (0.96%), Bank of Montreal Can (0.70%), Spirit of America Management Corp NY (0.42%) and Randolph Co Inc (0.26%). Company insiders that own Shell Midstream Partners, L.P. stock include Lori M Muratta, Margaret C Montana and Rob L Jones. View Institutional Ownership Trends for Shell Midstream Partners, L.P..
Who sold Shell Midstream Partners, L.P. stock? Who is selling Shell Midstream Partners, L.P. stock?
Shell Midstream Partners, L.P.'s stock was sold by a variety of institutional investors in the last quarter, including ING Groep NV, Miller Howard Investments Inc. NY, Eagle Global Advisors LLC, Municipal Employees Retirement System of Michigan, Country Club Trust Company n.a. and US Bancorp DE. View Insider Buying and Selling for Shell Midstream Partners, L.P..
Who bought Shell Midstream Partners, L.P. stock? Who is buying Shell Midstream Partners, L.P. stock?
Shell Midstream Partners, L.P.'s stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Mariner Investment Group LLC, Chickasaw Capital Management LLC, Spirit of America Management Corp NY, Virtu Financial LLC, Johnson Financial Group LLC, Diversified Trust Co and Paragon Capital Management Ltd. Company insiders that have bought Shell Midstream Partners, L.P. stock in the last two years include Lori M Muratta, Margaret C Montana and Rob L Jones. View Insider Buying and Selling for Shell Midstream Partners, L.P..
How do I buy Shell Midstream Partners, L.P. stock?
Shares of Shell Midstream Partners, L.P. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Shell Midstream Partners, L.P.'s stock price today?
One share of Shell Midstream Partners, L.P. stock can currently be purchased for approximately $28.69.
MarketBeat Community Rating for Shell Midstream Partners, L.P. (NYSE SHLX)MarketBeat's community ratings are surveys of what our community members think about Shell Midstream Partners, L.P. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Shell Midstream Partners, L.P. (NYSE:SHLX) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Hold Rating, 4 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.80) |
| Consensus Price Target: | $36.00 (25.48% upside) |
Analysts' Ratings History for Shell Midstream Partners, L.P. (NYSE:SHLX)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 7/14/2017 | Stifel Nicolaus | Reiterated Rating | Buy | $36.00 | Low |  |
| 2/28/2017 | Mizuho | Reiterated Rating | Buy | $36.00 | N/A | |
| 2/1/2017 | J P Morgan Chase & Co | Initiated Coverage | Overweight | $38.00 | N/A | |
| 11/9/2016 | Royal Bank Of Canada | Lower Price Target | Outperform | $47.00 -> $41.00 | N/A | |
| 11/9/2016 | Barclays PLC | Reiterated Rating | Overweight -> Equal Weight | $39.00 -> $29.00 | N/A | |
| 6/16/2016 | Morgan Stanley | Initiated Coverage | Equal -> Equal Weight | $39.00 | N/A | |
| 11/30/2015 | Evercore ISI | Reiterated Rating | Buy | $45.00 | N/A | |
(Data available from 7/28/2015 forward)
Earnings History for Shell Midstream Partners, L.P. (NYSE:SHLX)Earnings History by Quarter for Shell Midstream Partners, L.P. (NYSE SHLX)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 8/2/2017 | | | | | | | | |
| 5/5/2017 | Q1 2017 | $0.35 | $0.33 | $77.82 million | $70.20 million | View | N/A | |
| 2/23/2017 | Q416 | $0.36 | $0.34 | $73.06 million | $75.60 million | View | N/A | |
| 11/3/2016 | Q316 | $0.37 | $0.28 | $78.62 million | $67.90 million | View | N/A | |
| 8/4/2016 | Q216 | $0.39 | $0.35 | $78.15 million | $71.10 million | View | N/A | |
| 2/24/2016 | Q415 | $0.35 | $0.38 | $68.96 million | $84.60 million | View | Listen | |
| 11/11/2015 | Q315 | $0.29 | $0.37 | $62.57 million | $72.40 million | View | Listen | |
| 8/12/2015 | Q2 | $0.21 | $0.22 | $56.51 million | $57.60 million | View | Listen | |
| 5/13/2015 | Q115 | $0.16 | $0.17 | $52.00 million | $51.70 million | View | Listen | |
| 2/24/2015 | Q414 | $0.14 | $0.10 | $52.00 million | $55.60 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Shell Midstream Partners, L.P. (NYSE:SHLX)Current Year EPS Consensus Estimate: $1.43 EPS
Next Year EPS Consensus Estimate: $1.69 EPS
Current Dividend Information for Shell Midstream Partners, L.P. (NYSE:SHLX)| Next Dividend: | 8/14/2017 |
| Annual Dividend: | $1.16 |
| Dividend Yield: | 4.04% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 89.23% (Trailing 12 Months of Earnings)
81.12% (Based on This Year's Estimates)
68.64% (Based on Next Year's Estimates)
|
Dividend History by Quarter for Shell Midstream Partners, L.P. (NYSE SHLX)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 7/20/2017 | quarterly | $0.30 | 3.94% | 7/27/2017 | 7/31/2017 | 8/14/2017 |
| 4/20/2017 | quarterly | $0.29 | 3.62% | 4/27/2017 | 5/1/2017 | 5/12/2017 |
| 1/19/2017 | Quarterly | $0.28 | 3.64% | 1/27/2017 | 1/31/2017 | 2/14/2017 |
| 10/19/2016 | quarterly | $0.26 | 3.71% | 10/27/2016 | 10/31/2016 | 11/14/2016 |
| 7/21/2016 | quarterly | $0.25 | 3.04% | 7/28/2016 | 8/1/2016 | 8/12/2016 |
| 4/20/2016 | quarterly | $0.24 | 2.62% | 4/28/2016 | 5/2/2016 | 5/12/2016 |
| 1/21/2016 | quarterly | $0.22 | 2.48% | 1/28/2016 | 2/1/2016 | 2/11/2016 |
| 10/22/2015 | quarterly | $0.21 | 2.46% | 10/29/2015 | 11/2/2015 | 11/12/2015 |
| 7/22/2015 | quarterly | $0.19 | 1.85% | 7/30/2015 | 8/3/2015 | 8/13/2015 |
| 4/23/2015 | quarterly | $0.18 | 1.79% | 5/1/2015 | 5/5/2015 | 5/14/2015 |
| 1/22/2015 | special | $0.10 | | 1/29/2015 | 2/2/2015 | 2/12/2015 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Shell Midstream Partners, L.P. (NYSE:SHLX)Institutional Ownership Percentage: 50.12%
Insider Trades by Quarter for Shell Midstream Partners, L.P. (NYSE:SHLX)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 11/11/2016 | Lori M Muratta | Insider | Buy | 960 | $25.99 | $24,950.40 | |
| 11/11/2016 | Margaret C Montana | Director | Buy | 4,000 | $25.95 | $103,800.00 | |
| 12/11/2015 | Margaret C Montana | Director | Buy | 3,000 | $33.15 | $99,450.00 | |
| 12/10/2015 | Rob L Jones | Director | Buy | 5,000 | $33.93 | $169,650.00 | |
| 11/3/2014 | Lori M Muratta | Insider | Buy | 2,000 | $34.00 | $68,000.00 | |
| 10/31/2014 | Michele F Joy | Insider | Buy | 1,490 | $33.67 | $50,168.30 | |
| 10/30/2014 | James J Bender | Director | Buy | 25,000 | $33.95 | $848,750.00 | |
| 10/30/2014 | Margaret C Montana | Insider | Buy | 6,000 | $33.72 | $202,320.00 | |
| 10/29/2014 | Kevin M Nichols | VP | Buy | 8,500 | $31.85 | $270,725.00 | |
| 10/29/2014 | Rob L Jones | Director | Buy | 10,000 | $33.18 | $331,800.00 | |
| 10/29/2014 | Susan M Ward | Insider | Buy | 25,000 | $23.00 | $575,000.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Shell Midstream Partners, L.P. (NYSE:SHLX)
Latest Headlines for Shell Midstream Partners, L.P. (NYSE:SHLX)
| Source: |
|
| Date | Headline |
|---|
 | Shell Midstream Partners, L.P. (SHLX) to Issue $0.30 Dividend
www.americanbankingnews.com - July 21 at 10:30 AM |
 | Shell Midstream Partners, LP Declares 4.5% Increase in Quarterly Distribution - GlobeNewswire (press release)
globenewswire.com - July 21 at 7:03 AM |
 | Shell Midstream Partners, L.P. Declares 4.5% Increase in Quarterly Distribution
finance.yahoo.com - July 21 at 7:02 AM |
| Shell Midstream Partners LP breached its 50 day moving average in a Bullish Manner : SHLX-US : July 17, 2017
finance.yahoo.com - July 18 at 8:22 PM |
| BP mulling IPO of U.S. Midwest and Gulf Coast pipeline assets
finance.yahoo.com - July 18 at 8:22 PM |
| Shell Midstream Partners, L.P. (NYSE:SHLX) Receives Average Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - July 17 at 12:33 PM |
 | Advance Notice of Second-Quarter Financial Results for Shell Midstream Partners, L.P.
feeds.benzinga.com - July 17 at 11:35 AM |
| Shell Midstream Partners, L.P. (NYSE:SHLX) Rating Reiterated by Stifel Nicolaus
www.americanbankingnews.com - July 15 at 10:34 AM |
 | Analysts Anticipate MLPA To Hit $13 - Nasdaq
www.nasdaq.com - July 12 at 7:53 AM |
| SHLX Crosses Below Key Moving Average Level - Nasdaq
www.nasdaq.com - July 7 at 11:13 AM |
| Shell Midstream Partners, L.P. (NYSE:SHLX) Rating Increased to Hold at BidaskClub
www.americanbankingnews.com - July 6 at 7:50 PM |
| Shell Midstream Partners LP breached its 50 day moving average in a Bullish Manner : SHLX-US : July 4, 2017
finance.yahoo.com - July 5 at 10:40 AM |
| ETFs with exposure to Shell Midstream Partners LP : July 3, 2017
finance.yahoo.com - July 4 at 7:20 AM |
| Shell Midstream Partners, L.P. (SHLX) Upgraded by BidaskClub to Sell
www.americanbankingnews.com - June 29 at 4:52 PM |
| Shell Midstream Partners, L.P. (SHLX) Cut to Strong Sell at BidaskClub
www.americanbankingnews.com - June 22 at 6:04 PM |
| ETFs with exposure to Shell Midstream Partners LP : June 20, 2017
finance.yahoo.com - June 21 at 5:19 AM |
| Shell Midstream Partners, L.P. (SHLX) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - June 20 at 10:46 AM |
| Shell Midstream Partners LP :SHLX-US: Earnings Analysis: Q1, 2017 By the Numbers : June 19, 2017
finance.yahoo.com - June 20 at 7:37 AM |
| Head to Head Comparison: Cone Midstream Partners (CNNX) versus Shell Midstream Partners, L.P. (SHLX)
www.americanbankingnews.com - June 15 at 8:46 PM |
 | Shell Midstream: Share Price Drop After Oil Sell-Off Is An Opportunity - Seeking Alpha
seekingalpha.com - June 9 at 3:11 AM |
| Shell Midstream Partners LP (SHLX) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - May 26 at 10:50 AM |
 | Deal of the Week: Shell’s MLP acquires pipelines in $630M drop-down deal
www.bizjournals.com - May 12 at 1:24 AM |
| Edited Transcript of SHLX earnings conference call or presentation 5-May-17 2:00pm GMT
finance.yahoo.com - May 11 at 1:07 AM |
| Shell Midstream Partners LP (SHLX) Downgraded by Zacks Investment Research
www.americanbankingnews.com - May 9 at 1:26 PM |
| Shell Midstream to Buy Oil Pipelines Worth $630M from Shell
www.nasdaq.com - May 8 at 11:28 AM |
| Shell Midstream Partners, LP Agrees to Acquire Additional Assets from Shell - GlobeNewswire (press release)
globenewswire.com - May 7 at 8:27 AM |
| Shell Midstream Partners, L.P. 1st Quarter 2017 Unaudited Results - GlobeNewswire (press release)
globenewswire.com - May 7 at 8:27 AM |
 | Shell Midstream Partners (SHLX) to Acquire Additional Assets from Shell for $630M
www.streetinsider.com - May 6 at 7:35 PM |
| Shell Midstream Partners LP (SHLX) Posts Earnings Results, Misses Expectations By $0.02 EPS
www.americanbankingnews.com - May 5 at 9:38 PM |
| Shell Midstream Partners' (SHLX) CEO John Hollowell On Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 5 at 8:09 PM |
| Shell Midstream Partners, L.P. Agrees to Acquire Additional Assets from Shell
finance.yahoo.com - May 5 at 8:09 PM |
| Shell Midstream Partners, L.P. 1st Quarter 2017 Unaudited Results
finance.yahoo.com - May 5 at 8:09 PM |
| Shell Midstream misses 1Q profit forecasts
finance.yahoo.com - May 5 at 8:09 PM |
| Shell Midstream Partners LP breached its 50 day moving average in a Bearish Manner : SHLX-US : May 5, 2017
finance.yahoo.com - May 5 at 8:09 PM |
| Shell Midstream Partners (SHLX) Given Daily News Sentiment Rating of 0.27
www.americanbankingnews.com - May 4 at 2:14 PM |
| Shell Midstream Partners LP (SHLX) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - May 3 at 11:31 AM |
| Shell Midstream Partners LP (SHLX) Set to Announce Quarterly Earnings on Friday
www.americanbankingnews.com - May 3 at 11:20 AM |
| Shell Midstream Partners (SHLX) Earns Media Impact Score of -0.09
www.americanbankingnews.com - May 1 at 4:42 PM |
| Shell Midstream Partners LP (SHLX) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - May 1 at 2:26 PM |
| Zacks Investment Research Lowers Shell Midstream Partners LP (SHLX) to Sell
www.americanbankingnews.com - April 30 at 2:32 PM |
| First Week of SHLX May 19th Options Trading
www.nasdaq.com - April 28 at 9:09 PM |
| Shell Midstream Partners (SHLX) Receiving Somewhat Positive Media Coverage, Analysis Finds
www.americanbankingnews.com - April 28 at 1:01 AM |
| Shell Midstream Partners LP : SHLX-US: Dividend Analysis : May 01st, 2017 (record date) : By the numbers : April 27, 2017
finance.yahoo.com - April 27 at 8:14 PM |
 | Ex-Dividend Reminders Include Phillips 66 Partners LP (PSXP ... - Investorplace.com
investorplace.com - April 26 at 4:18 PM |
| Shell Midstream Partners, L.P. (SHLX) Ex-Dividend Date Scheduled for April 27, 2017 - Nasdaq
www.nasdaq.com - April 26 at 4:18 PM |
| Shell Midstream Partners LP – Value Analysis (NYSE:SHLX) : April 25, 2017
finance.yahoo.com - April 25 at 6:50 PM |
| Shell Midstream Partners LP breached its 50 day moving average in a Bearish Manner : SHLX-US : April 24, 2017
finance.yahoo.com - April 24 at 11:35 AM |
| Shell Midstream Partners (SHLX) Given Daily Media Impact Rating of 0.00
www.americanbankingnews.com - April 23 at 4:47 PM |
| Shell Midstream Partners LP (SHLX) Announces Dividend of $0.29
www.americanbankingnews.com - April 21 at 4:25 PM |
 | BRIEF-Shell Midstream declares 5.1 pct increase in qtrly distribution
www.reuters.com - April 20 at 7:55 PM |
Shell Midstream Partners, L.P. (SHLX) Chart for Friday, July, 28, 2017
