Shell Midstream Partners Stock Forecast, Price & News

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.
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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.

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.

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.
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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.

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.

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.
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Some companies that are related to Shell Midstream Partners include Magellan Midstream Partners (MMP), Phillips 66 Partners (PSXP), Plains All American Pipeline (PAA), Holly Energy Partners (HEP), Plains GP (PAGP), Delek Logistics Partners (DKL), NuStar Energy (NS), BP Midstream Partners (BPMP), Genesis Energy (GEL), PBF Logistics (PBFX) and Blueknight Energy Partners (BKEP).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Shell Midstream Partners investors own include Energy Transfer (ET), Enterprise Products Partners (EPD), EnLink Midstream (ENLC), Golar LNG Partners (GMLP), DHT (DHT), OrganiGram (OGI), Washington Prime Group (WPG), New Residential Investment (NRZ), Gran Tierra Energy (GTE) and Pennsylvania Real Estate Investment Trust (PEI).

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

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.

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

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.

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

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

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]