NYSE:SHLX - Shell Midstream Partners Stock Price, Forecast & News

Shell Midstream Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "SHLX."

Shell Midstream Partners announced a quarterly dividend on Friday, January 24th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.46 per share on Friday, February 14th. This represents a $1.84 annualized dividend and a dividend yield of 8.63%. The ex-dividend date is Friday, January 31st. This is a positive change from Shell Midstream Partners's previous quarterly dividend of $0.45. View Shell Midstream Partners' Dividend History.

Shell Midstream Partners LP (NYSE:SHLX) announced its quarterly earnings data on Thursday, October, 31st. The pipeline company reported $0.45 EPS for the quarter, topping the Zacks' consensus estimate of $0.40 by $0.05. The pipeline company had revenue of $125 million for the quarter, compared to analyst estimates of $116.18 million. Shell Midstream Partners had a net margin of 101.89% and a negative return on equity of 104.00%. The firm's quarterly revenue was down 18.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.50 EPS. View Shell Midstream Partners' Earnings History.

Shell Midstream Partners is scheduled to release their next quarterly earnings announcement on Thursday, February 20th 2020. View Earnings Estimates for Shell Midstream Partners.

6 analysts have issued 12-month target prices for Shell Midstream Partners' shares. Their forecasts range from $17.00 to $22.00. On average, they anticipate Shell Midstream Partners' stock price to reach $20.17 in the next year. This suggests that the stock has a possible downside of 5.4%. View Analyst Price Targets for Shell Midstream Partners.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shell Midstream Partners in the last year. There are currently 4 sell ratings, 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Shell Midstream Partners.

Headlines about SHLX stock have trended very negative recently, according to InfoTrie Sentiment. The research firm scores the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Shell Midstream Partners earned a news sentiment score of -3.0 on InfoTrie's scale. They also gave news articles about the pipeline company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near future. View News Stories for Shell Midstream Partners.

Shell Midstream Partners saw a decrease in short interest during the month of December. As of December 31st, there was short interest totalling 2,610,000 shares, a decrease of 19.9% from the December 15th total of 3,260,000 shares. Based on an average daily trading volume, of 714,600 shares, the days-to-cover ratio is currently 3.7 days. Approximately 2.1% of the company's stock are short sold. View Shell Midstream Partners' Current Options Chain.

Some companies that are related to Shell Midstream Partners include Magellan Midstream Partners (MMP), Phillips 66 Partners (PSXP), Plains All American Pipeline (PAA), Buckeye Partners (BPL), Plains GP (PAGP), NuStar Energy (NS), Holly Energy Partners (HEP), BP Midstream Partners (BPMP), PBF Logistics (PBFX), Noble Midstream Partners (NBLX), Delek Logistics Partners (DKL) and Blueknight Energy Partners (BKEP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Shell Midstream Partners investors own include Energy Transfer LP Unit (ET), Enterprise Products Partners (EPD), AT&T (T), IBM (IBM), Plains All American Pipeline (PAA), Royal Dutch Shell (RDS.A), Chatham Lodging Trust (CLDT), Kinder Morgan (KMI), Mplx (MPLX) and Verizon Communications (VZ).

Shell Midstream Partners' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Chickasaw Capital Management LLC (2.21%), Spirit of America Management Corp NY (0.25%), Chicago Partners Investment Group LLC (0.03%), Ballentine Partners LLC (0.01%) and Diversified Trust Co (0.01%). Company insiders that own Shell Midstream Partners stock include Curtis R Frasier and Shawn J Carsten. View Institutional Ownership Trends for Shell Midstream Partners.

SHLX stock was sold by a variety of institutional investors in the last quarter, including Chickasaw Capital Management LLC, Spirit of America Management Corp NY, Chicago Partners Investment Group LLC and Diversified Trust Co. View Insider Buying and Selling for Shell Midstream Partners.

SHLX stock was bought by a variety of institutional investors in the last quarter, including Ballentine Partners LLC. Company insiders that have bought Shell Midstream Partners stock in the last two years include Curtis R Frasier and Shawn J Carsten. View Insider Buying and Selling for Shell Midstream Partners.

Shares of SHLX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of SHLX stock can currently be purchased for approximately $21.31.

Shell Midstream Partners has a market capitalization of $4.97 billion and generates $524.70 million in revenue each year. View Additional Information About Shell Midstream Partners.

The official website for Shell Midstream Partners is http://www.shellmidstreampartners.com/.

Shell Midstream Partners' mailing address is 150 N. DAIRY ASHFORD, HOUSTON TX, 77079. The pipeline company can be reached via phone at 832-337-2034 or via email at [email protected]