Shell Midstream Partners - SHLX Stock Forecast, Price & News

6 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 5 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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6 Wall Street research analysts have issued 1-year price targets for Shell Midstream Partners' shares. Their SHLX stock forecasts range from $13.00 to $16.00. On average, they predict Shell Midstream Partners' share price to reach $13.75 in the next twelve months. This suggests that the stock has a possible downside of 13.1%.
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Shell Midstream Partners' stock was trading at $11.52 on January 1st, 2022. Since then, SHLX shares have increased by 37.3% and is now trading at $15.82.
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Shell Midstream Partners saw a increase in short interest in July. As of July 15th, there was short interest totaling 10,930,000 shares, an increase of 19.6% from the June 30th total of 9,140,000 shares. Based on an average daily trading volume, of 1,800,000 shares, the days-to-cover ratio is presently 6.1 days. Approximately 9.1% of the shares of the stock are sold short.
View Shell Midstream Partners' Short Interest.

Shell Midstream Partners is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our earnings forecast for Shell Midstream Partners.

Shell Midstream Partners, L.P. (NYSE:SHLX) released its earnings results on Thursday, July, 28th. The pipeline company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by $0.05. The pipeline company earned $149 million during the quarter, compared to analysts' expectations of $132.81 million. Shell Midstream Partners had a trailing twelve-month return on equity of 98.64% and a net margin of 97.11%. Shell Midstream Partners's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 earnings per share.

Shell Midstream Partners declared a quarterly dividend on Friday, July 22nd. Investors of record on Tuesday, August 2nd will be paid a dividend of $0.30 per share on Friday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.59%. The ex-dividend date of this dividend is Monday, August 1st.
View Shell Midstream Partners' dividend history.

Shell Midstream Partners(NYSE:SHLX) pays an annual dividend of $1.20 per share and currently has a dividend yield of 7.59%. SHLX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Shell Midstream Partners is 99.17%. 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 76.92% 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.

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 a number of retail and institutional investors. Top institutional investors include Mirae Asset Global Investments Co. Ltd. (0.00%), Chickasaw Capital Management LLC (1.05%), Miller Howard Investments Inc. NY (0.00%), Fractal Investments LLC (0.00%), Great Valley Advisor Group Inc. (0.00%) and US Bancorp DE (0.02%). Company insiders that own Shell Midstream Partners stock include Lori M Muratta, Pipeline Co Lp Shell, Rob L Jones, Sean Guillory, Shawn J Carsten and Steven Ledbetter.
View institutional ownership trends for Shell Midstream Partners.

Shares of SHLX stock 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 $15.82.

Shell Midstream Partners employs 2,020 workers across the globe.

Shell Midstream Partners' mailing address is 150 N. DAIRY ASHFORD, HOUSTON TX, 77079. The official website for Shell Midstream Partners is www.shellmidstreampartners.com. The pipeline company can be reached via phone at (832) 337-2034 or via email at ir-shlx@shell.com.