NYSE:SHLX

Shell Midstream Partners Stock Forecast, Price & News

$13.30
-0.55 (-3.97 %)
(As of 08/2/2021 11:56 AM ET)
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Today's Range
$13.30
$13.71
50-Day Range
$12.95
$15.97
52-Week Range
$8.17
$16.50
Volume43,365 shs
Average Volume1.58 million shs
Market Capitalization$5.23 billion
P/E Ratio10.08
Dividend Yield13.29%
Beta1.81
30 days | 90 days | 365 days | Advanced Chart
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About Shell Midstream Partners

Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream, and logistics assets in the United States. It owns interests in crude oil and refined products pipelines and terminals to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets. The company stores and transports crude oil, refined, natural gas, and refinery gas products for various customers, including producers, refiners, marketers, and traders, as well as to other crude oil and refined products pipelines through its pipelines and storage tanks. Shell Midstream Partners GP LLC serves as the general partner of Shell Midstream Partners, L.P. The company was founded in 2014 and is headquartered in Houston, Texas. Shell Midstream Partners, L.P. operates as a subsidiary of Shell Pipeline Company LP.

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MarketRank

Overall MarketRank

1.66 out of 5 stars

Oils/Energy Sector

222nd out of 710 stocks

Pipelines, Except Natural Gas Industry

18th out of 20 stocks

Analyst Opinion: 0.9Community Rank: 3.9Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -
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Shell Midstream Partners (NYSE:SHLX) Frequently Asked Questions

Is Shell Midstream Partners a buy right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shell Midstream Partners in the last twelve months. There are currently 1 sell rating and 4 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Shell Midstream Partners stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHLX, but not buy additional shares or sell existing shares.
View analyst ratings for Shell Midstream Partners
or view top-rated stocks.

What stocks does MarketBeat like better than Shell Midstream Partners?

Wall Street analysts have given Shell Midstream Partners a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Shell Midstream Partners wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Shell Midstream Partners' next earnings date?

Shell Midstream Partners is scheduled to release its next quarterly earnings announcement on Friday, October 29th 2021.
View our earnings forecast for Shell Midstream Partners
.

How were Shell Midstream Partners' earnings last quarter?

Shell Midstream Partners, L.P. (NYSE:SHLX) released its earnings results on Friday, July, 30th. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.34 by $0.02. The pipeline company earned $148 million during the quarter, compared to analyst estimates of $134.45 million. Shell Midstream Partners had a net margin of 111.76% and a trailing twelve-month return on equity of 96.14%. Shell Midstream Partners's quarterly revenue was up 23.3% on a year-over-year basis. During the same quarter last year, the business earned $0.37 earnings per share.
View Shell Midstream Partners' earnings history
.

How has Shell Midstream Partners' stock been impacted by COVID-19?

Shell Midstream Partners' stock was trading at $12.22 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SHLX shares have increased by 9.7% and is now trading at $13.40.
View which stocks have been most impacted by COVID-19
.

How often does Shell Midstream Partners pay dividends? What is the dividend yield for Shell Midstream Partners?

Shell Midstream Partners announced a quarterly dividend on Friday, July 23rd. Investors of record on Tuesday, August 3rd will be given a dividend of $0.30 per share on Friday, August 13th. This represents a $1.20 annualized dividend and a dividend yield of 8.96%. The ex-dividend date of this dividend is Monday, August 2nd.
View Shell Midstream Partners' dividend history
.

Is Shell Midstream Partners a good dividend stock?

Shell Midstream Partners pays an annual dividend of $1.84 per share and currently has a dividend yield of 13.29%. SHLX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Shell Midstream Partners does not yet have a strong track record of dividend growth. The dividend payout ratio of Shell Midstream Partners is 147.20%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Shell Midstream Partners will have a dividend payout ratio of 116.46% in the coming year. This indicates that Shell Midstream Partners may not be able to sustain their current dividend.
View Shell Midstream Partners' dividend history.

What price target have analysts set for SHLX?

5 brokerages have issued 1 year price targets for Shell Midstream Partners' shares. Their forecasts range from $11.00 to $15.00. On average, they expect Shell Midstream Partners' stock price to reach $13.40 in the next year.
View analysts' price targets for Shell Midstream Partners
or view top-rated stocks among Wall Street analysts.

Who are Shell Midstream Partners' key executives?

Shell Midstream Partners' management team includes the following people:
  • Mr. Steven C. Ledbetter, Pres, CEO & Director of Shell Midstream Partners GP LLC (Age 45)
  • Mr. Shawn J. Carsten, CFO, VP & Director of Shell Midstream Partners GP LLC (Age 54)
  • Ms. Jesse C. H. Stanley, VP of Operations at Shell Midstream Partners GP LLC (Age 36)
  • Ms. Lori M. Muratta, VP, Gen. Counsel & Sec. of Shell Midstream Partners GP LLC (Age 56)
  • Ms. Courtney Selinidis, Investor Relations Officer
  • Mr. Ernest J. Stutzman, Treasurer
  • Mr. James E. Fullen, Controller
  • Mr. Sean Guillory, VP of Commercial
  • Jamie Parker, Investor Relations Officer

Who are some of Shell Midstream Partners' key competitors?

What other stocks do shareholders of Shell Midstream Partners own?

What is Shell Midstream Partners' stock symbol?

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

Who are Shell Midstream Partners' major shareholders?

Shell Midstream Partners' stock is owned by many different retail and institutional investors. Top institutional investors include Chickasaw Capital Management LLC (1.22%), Spirit of America Management Corp NY (0.03%), LexAurum Advisors LLC (0.02%), Great Valley Advisor Group Inc. (0.01%), Triumph Capital Management (0.01%) and Clear Street Markets LLC (0.00%). Company insiders that own Shell Midstream Partners stock include Lori M Muratta, Pipeline Co Lp Shell, Rob L Jones and Shawn J Carsten.
View institutional ownership trends for Shell Midstream Partners
.

Which major investors are selling Shell Midstream Partners stock?

SHLX stock was sold by a variety of institutional investors in the last quarter, including Great Valley Advisor Group Inc., Chickasaw Capital Management LLC, Spirit of America Management Corp NY, and Cutler Group LP.
View insider buying and selling activity for Shell Midstream Partners
or view top insider-selling stocks.

Which major investors are buying Shell Midstream Partners stock?

SHLX stock was bought by a variety of institutional investors in the last quarter, including LexAurum Advisors LLC, Triumph Capital Management, Clear Street Markets LLC, and IFP Advisors Inc. Company insiders that have bought Shell Midstream Partners stock in the last two years include Lori M Muratta, Pipeline Co Lp Shell, Rob L Jones, and Shawn J Carsten.
View insider buying and selling activity for Shell Midstream Partners
or or view top insider-buying stocks.

How do I buy shares of 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Shell Midstream Partners' stock price today?

One share of SHLX stock can currently be purchased for approximately $13.40.

How much money does Shell Midstream Partners make?

Shell Midstream Partners has a market capitalization of $5.27 billion and generates $481 million in revenue each year. The pipeline company earns $543 million in net income (profit) each year or $1.25 on an earnings per share basis.

What is Shell Midstream Partners' official website?

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

Where are Shell Midstream Partners' headquarters?

Shell Midstream Partners is headquartered at 150 N. DAIRY ASHFORD, HOUSTON TX, 77079.

How can I contact Shell Midstream Partners?

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]


This page was last updated on 8/2/2021 by MarketBeat.com Staff
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