S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
NYSE:SHLX

Shell Midstream Partners - SHLX Stock Forecast, Price & News

$15.82
0.00 (0.00%)
(As of 08/5/2022 08:49 PM ET)
Add
Compare
Today's Range
$15.80
$15.82
50-Day Range
$13.61
$16.07
52-Week Range
$10.76
$16.08
Volume
723,900 shs
Average Volume
1.87 million shs
Market Capitalization
$6.22 billion
P/E Ratio
13.07
Dividend Yield
7.59%
Price Target
$13.75

Shell Midstream Partners MarketRank™ Forecast

Analyst Rating
Hold
1.83 Rating Score
Upside/​Downside
13.1% Downside
$13.75 Price Target
Short Interest
Bearish
9.11% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.49mentions of Shell Midstream Partners in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.63%
From $1.52 to $1.56 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.36 out of 5 stars

SHLX stock logo

About Shell Midstream Partners (NYSE:SHLX) Stock

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 incorporated in 2014 and is headquartered in Houston, Texas. Shell Midstream Partners, L.P. is a subsidiary of Shell Pipeline Company LP.

Analyst Upgrades and Downgrades

Separately, Mizuho increased their price objective on shares of Shell Midstream Partners from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, August 1st. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $13.75.

Shell Midstream Partners Stock Performance

Shares of Shell Midstream Partners stock opened at $15.82 on Monday. The stock has a market capitalization of $6.22 billion, a P/E ratio of 13.07 and a beta of 1.34. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 3.74. The company has a 50-day simple moving average of $14.50 and a 200 day simple moving average of $14.05. Shell Midstream Partners has a 12-month low of $10.76 and a 12-month high of $16.08.

Shell Midstream Partners (NYSE:SHLX - Get Rating) last announced its earnings results on Thursday, July 28th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.05). The firm had revenue of $149.00 million for the quarter, compared to analyst estimates of $132.81 million. Shell Midstream Partners had a return on equity of 98.64% and a net margin of 97.11%. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.36 EPS. Research analysts expect that Shell Midstream Partners will post 1.52 earnings per share for the current fiscal year.

Shell Midstream Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Tuesday, August 2nd will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 7.59%. The ex-dividend date is Monday, August 1st. Shell Midstream Partners's dividend payout ratio is currently 99.17%.

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SHLX Stock News Headlines

Shell Midstream Partners Q4 2021 Earnings Preview
Shell Midstream Partners: Dividend Insights
Shell Midstream Partners declares $0.30 dividend
SHLX Crosses Above Average Analyst Target
See More Headlines
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SHLX Company Calendar

Ex-Dividend for 5/13 Dividend
5/02/2022
Dividend Payable
5/13/2022
Last Earnings
7/28/2022
Ex-Dividend for 8/12 Dividend
8/01/2022
Today
8/08/2022
Dividend Payable
8/12/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Pipelines, except natural gas
Sub-Industry
N/A
Fax
N/A
Employees
2,020
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$13.75
High Stock Price Forecast
$16.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
-13.1%
Consensus Rating
Hold
Rating Score (0-4)
1.83
Research Coverage
6 Analysts

Profitability

Net Income
$556 million
Pretax Margin
98.73%

Debt

Sales & Book Value

Annual Sales
$556 million
Cash Flow
$1.70 per share
Book Value
$1.44 per share

Miscellaneous

Free Float
N/A
Market Cap
$6.22 billion
Optionable
Optionable
Beta
1.34

Key Executives

  • Mr. Steven C. Ledbetter (Age 46)
    Pres, CEO & Director of Shell Midstream Partners GP LLC
  • Mr. Shawn J. Carsten (Age 55)
    CFO, VP & Director of Shell Midstream Partners GP LLC
  • Mr. Gregory T. Mouras (Age 42)
    VP of Operations of Shell Midstream Partners GP LLC
  • Ms. Lori M. Muratta (Age 57)
    VP, Gen. Counsel & Sec. of Shell Midstream Partners GP LLC
  • Ms. Courtney Selinidis
    Investor Relations Officer
  • Mr. Ernest J. Stutzman
    Treasurer
  • Mr. James E. Fullen
    Controller
  • Jamie Parker
    Investor Relations Officer













SHLX Stock - Frequently Asked Questions

Should I buy or sell Shell Midstream Partners stock right now?

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.
View analyst ratings for Shell Midstream Partners
or view top-rated stocks.

What is Shell Midstream Partners' stock price forecast for 2022?

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%.
View analysts' price targets for Shell Midstream Partners
or view top-rated stocks among Wall Street analysts.

How has Shell Midstream Partners' stock price performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting Shell Midstream Partners?

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
.

When is Shell Midstream Partners' next earnings date?

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
.

How were Shell Midstream Partners' earnings last quarter?

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.

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

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
.

Is Shell Midstream Partners a good dividend stock?

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.

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 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
.

How do I buy shares of 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.
Compare Top Brokerages Here.

What is Shell Midstream Partners' stock price today?

One share of SHLX stock can currently be purchased for approximately $15.82.

How many employees does Shell Midstream Partners have?

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

How can I contact Shell Midstream Partners?

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.

This page (NYSE:SHLX) was last updated on 8/8/2022 by MarketBeat.com Staff

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