About Shell Midstream Partners (NYSE:SHLX)
Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream assets in the United States. Its crude oil pipeline systems include a 350 miles of Zydeco pipeline system; a 130-miles of delta pipeline; a 174-mile offshore Gulf of Mexico corridor pipeline; and a 75-mile offshore pipeline. The company also has interests in Mars pipeline system that is approximately 163 miles that delivers production received from the Mississippi Canyon area and Green Canyon and Walker Ridge to salt dome caverns in Clovelly, Louisiana; and a 105-mile Odyssey pipeline system, which transports crude oil in the offshore eastern Gulf of Mexico to markets in Louisiana. In addition, it has interests in a 367-mile Gulf of Mexico offshore pipeline that transports crude oil to Texas and Louisiana; a 70-mile crude oil pipeline that provides transportation for various oil producers in the eastern Gulf of Mexico; and a 89-mile crude oil Endymion pipeline system that offers transportation for various oil producers in the eastern Gulf of Mexico. In addition, it holds interests in Mars pipeline system that is approximately 163 miles that delivers production received from the Mississippi Canyon area and Green Canyon and Walker Ridge to salt dome caverns in Clovelly, Louisiana. The company's refined products pipeline systems consist of 160-mile Bengal pipeline system connecting four refineries in southern Louisiana to long-haul transportation pipelines; approximately 5,500 miles of pipeline connecting refineries along the Gulf Coast to approximately 265 marketing terminals; and Explorer pipeline system, an 1,830-mile common carrier petroleum products pipeline system, which extends from the Gulf Coast to the Midwest. Shell Midstream Partners GP LLC serves as the general partner of Shell Midstream Partners, L.P. The company was founded in 2014 and is based in Houston, Texas. Shell Midstream Partners, L.P. operates as a subsidiary of Shell Pipeline Company LP.
Industry, Sector and Symbol
Industry Pipelines, except natural gas
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:SHLX
CUSIPN/A
Phone832-337-2034
Debt
Debt-to-Equity Ratio-3.30%
Current Ratio3.71%
Quick Ratio3.71%
Price-To-Earnings
Trailing P/E Ratio16.82
Forward P/E Ratio14.95
P/E Growth1.54
Sales & Book Value
Annual Sales$470.10 million
Price / Sales10.25
Cash Flow$1.7590 per share
Price / Cash12.24
Book Value($3.01) per share
Price / Book-7.15
Profitability
EPS (Most Recent Fiscal Year)$1.28
Net Income$372.60 million
Net Margins78.08%
Return on Equity-179.87%
Return on Assets26.36%
Miscellaneous
EmployeesN/A
Outstanding Shares223,810,000
Shell Midstream Partners (NYSE:SHLX) Frequently Asked Questions
What is Shell Midstream Partners' stock symbol?
Shell Midstream Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "SHLX."
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, January 26th. Stockholders of record on Monday, February 5th will be given a dividend of $0.333 per share on Wednesday, February 14th. This represents a $1.33 dividend on an annualized basis and a dividend yield of 6.19%. The ex-dividend date is Friday, February 2nd. This is an increase from Shell Midstream Partners's previous quarterly dividend of $0.32. View Shell Midstream Partners' Dividend History.
How were Shell Midstream Partners' earnings last quarter?
Shell Midstream Partners (NYSE:SHLX) posted its earnings results on Tuesday, February, 27th. The pipeline company reported $0.35 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.32 by $0.03. The pipeline company earned $127 million during the quarter, compared to analysts' expectations of $96.23 million. Shell Midstream Partners had a net margin of 78.08% and a negative return on equity of 179.87%. During the same period in the prior year, the business earned $0.34 earnings per share. View Shell Midstream Partners' Earnings History.
When is Shell Midstream Partners' next earnings date?
What price target have analysts set for SHLX?
9 equities research analysts have issued 1-year target prices for Shell Midstream Partners' shares. Their forecasts range from $25.00 to $38.00. On average, they anticipate Shell Midstream Partners' share price to reach $30.0556 in the next twelve months. View Analyst Ratings for Shell Midstream Partners.
Who are some of Shell Midstream Partners' key competitors?
Some companies that are related to Shell Midstream Partners include Phillips 66 Partners (PSXP), Buckeye Partners (BPL), Plains GP (PAGP), Enbridge Energy, Limited Partnership (EEP), Holly Energy Partners (HEP), Valero Energy Partners (VLP), NuStar Energy (NS), BP Midstream Partners GP (BPMP), Noble Midstream Partners (NBLX), PBF Logistics (PBFX), Delek Logistics Partners (DKL), TransMontaigne (TLP), NuStar GP (NSH) and Blueknight Energy Partners (BKEP).
Who are Shell Midstream Partners' key executives?
Shell Midstream Partners' management team includes the folowing people:
- Mr. John H. Hollowell, Pres, CEO & Director of Shell Midstream Partners GP LLC (Age 60)
- Mr. Shawn J. Carsten, CFO, VP & Director of Shell Midstream Partners GP LLC (Age 51)
- Mr. Alton G. Smith, VP of Operations at Shell Midstream Partners GP LLC (Age 57)
- Ms. Lori M. Muratta, VP, Gen. Counsel & Sec. of Shell Midstream Partners GP LLC (Age 53)
- Mr. Kevin M. Nichols, VP of Commercial at Shell Midstream Partners GP LLC (Age 50)
Has Shell Midstream Partners been receiving favorable news coverage?
Press coverage about SHLX stock has been trending somewhat positive on Friday, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Shell Midstream Partners earned a daily sentiment score of 0.19 on Accern's scale. They also gave press coverage about the pipeline company an impact score of 46.57 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Shell Midstream Partners' stock price today?
One share of SHLX stock can currently be purchased for approximately $21.53.
How big of a company is Shell Midstream Partners?
Shell Midstream Partners has a market capitalization of $4.96 billion and generates $470.10 million in revenue each year. The pipeline company earns $372.60 million in net income (profit) each year or $1.28 on an earnings per share basis.
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]
MarketBeat Community Rating for Shell Midstream Partners (SHLX)
MarketBeat's community ratings are surveys of what our community members think about Shell Midstream Partners and other stocks. Vote "Outperform" if you believe SHLX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SHLX will underperform the S&P 500 over the long term. You may vote once every thirty days.
Shell Midstream Partners (NYSE:SHLX) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
9 Wall Street analysts have issued ratings and price targets for Shell Midstream Partners in the last 12 months. Their average twelve-month price target is $30.0556, suggesting that the stock has a possible upside of 39.60%. The high price target for SHLX is $38.00 and the low price target for SHLX is $25.00. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.67 | 2.57 | 2.63 | 2.83 |
| Ratings Breakdown: | 0 Sell Rating(s)
3 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $30.0556 | $31.7143 | $34.6250 | $36.8333 |
| Price Target Upside: | 39.60% upside | 24.13% upside | 12.64% upside | 31.45% upside |
Shell Midstream Partners (NYSE:SHLX) Consensus Price Target History
Shell Midstream Partners (NYSE:SHLX) Analyst Ratings History
Show:
(Data available from 4/20/2016 forward)
Shell Midstream Partners (NYSE:SHLX) Dividend Information
Shell Midstream Partners pays an annual dividend of $1.33 per share, with a dividend yield of 6.18%. SHLX's most recent quarterly dividend payment was Wednesday, February 14. Shell Midstream Partners pays out 103.91% of its earnings out as a dividend.
| Most Recent Dividend: | 2/14/2018 |
| Annual Dividend: | $1.33 |
| Dividend Yield: | 6.18% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 103.91% (Trailing 12 Months of Earnings)
92.36% (Based on This Year's Estimates)
74.30% (Based on Next Year's Estimates)
|
| Track Record: | 2 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Shell Midstream Partners (NYSE:SHLX) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 1/26/2018 | quarterly | $0.3330 | 4.47% | 2/2/2018 | 2/5/2018 | 2/14/2018 |
| 10/20/2017 | quarterly | $0.3180 | 4.7% | 10/30/2017 | 11/14/2017 | 11/14/2017 |
| 7/20/2017 | quarterly | $0.3041 | 3.94% | 7/27/2017 | 7/31/2017 | 8/14/2017 |
| 4/20/2017 | quarterly | $0.2910 | 3.62% | 4/27/2017 | 5/1/2017 | 5/12/2017 |
| 1/19/2017 | Quarterly | $0.2770 | 3.64% | 1/27/2017 | 1/31/2017 | 2/14/2017 |
| 10/19/2016 | quarterly | $0.2640 | 3.71% | 10/27/2016 | 10/31/2016 | 11/14/2016 |
| 7/21/2016 | quarterly | $0.25 | 3.04% | 7/28/2016 | 8/1/2016 | 8/12/2016 |
| 4/20/2016 | quarterly | $0.2350 | 2.62% | 4/28/2016 | 5/2/2016 | 5/12/2016 |
| 1/21/2016 | quarterly | $0.22 | 2.48% | 1/28/2016 | 2/1/2016 | 2/11/2016 |
| 10/22/2015 | quarterly | $0.2050 | 2.46% | 10/29/2015 | 11/2/2015 | 11/12/2015 |
| 7/22/2015 | quarterly | $0.19 | 1.85% | 7/30/2015 | 8/3/2015 | 8/13/2015 |
| 4/23/2015 | quarterly | $0.1750 | 1.79% | 5/1/2015 | 5/5/2015 | 5/14/2015 |
| 1/22/2015 | special | $0.1042 | | 1/29/2015 | 2/2/2015 | 2/12/2015 |
(Data available from 1/1/2013 forward)
Shell Midstream Partners (NYSE SHLX) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 44.93%
Shell Midstream Partners (NYSE SHLX) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 9/12/2017 | Margaret C Montana | Director | Sell | 500 | $27.90 | $13,950.00 | 13,030 |  |
| 11/11/2016 | Lori M Muratta | Insider | Buy | 960 | $25.99 | $24,950.40 | 2,960 | |
| 11/11/2016 | Margaret C Montana | Director | Buy | 4,000 | $25.95 | $103,800.00 | 13,030 | |
| 12/11/2015 | Margaret C Montana | Director | Buy | 3,000 | $33.15 | $99,450.00 | 9,000 | |
| 12/10/2015 | Rob L Jones | Director | Buy | 5,000 | $33.93 | $169,650.00 | 15,000 | |
| 11/3/2014 | Lori M Muratta | Insider | Buy | 2,000 | $34.00 | $68,000.00 | | |
| 10/31/2014 | Michele F Joy | Insider | Buy | 1,490 | $33.67 | $50,168.30 | | |
| 10/30/2014 | James J Bender | Director | Buy | 25,000 | $33.95 | $848,750.00 | | |
| 10/30/2014 | Margaret C Montana | Insider | Buy | 6,000 | $33.72 | $202,320.00 | | |
| 10/29/2014 | Kevin M Nichols | VP | Buy | 8,500 | $31.85 | $270,725.00 | | |
| 10/29/2014 | Rob L Jones | Director | Buy | 10,000 | $33.18 | $331,800.00 | | |
| 10/29/2014 | Susan M Ward | Insider | Buy | 25,000 | $23.00 | $575,000.00 | | |
(Data available from 1/1/2013 forward)
Shell Midstream Partners (NYSE SHLX) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Earnings Season For Energy Stocks Kicks Off
www.nasdaq.com - April 20 at 4:39 PM |
 | Advance Notice of First-Quarter Financial Results for Shell Midstream Partners, LP
globenewswire.com - April 20 at 4:39 PM |
 | Deutsche Bank Initiates Coverage on Shell Midstream Partners (SHLX)
www.americanbankingnews.com - April 19 at 9:40 PM |
 | Advance Notice of First-Quarter Financial Results for Shell Midstream Partners, L.P.
finance.yahoo.com - April 19 at 4:49 PM |
| Shell Midstream Partners LP. (NYSE:SHLX)’s Earnings Grew 4.91%, Is It Enough?
finance.yahoo.com - April 19 at 9:12 AM |
| Shell Midstream Partners (SHLX) Downgraded by BidaskClub
www.americanbankingnews.com - April 18 at 5:18 PM |
| Shell Midstream Partners (SHLX) Receives Average Rating of "Hold" from Brokerages
www.americanbankingnews.com - April 18 at 11:30 AM |
| Shell Midstream Partners (SHLX) Given a $29.00 Price Target by Barclays Analysts
www.americanbankingnews.com - April 16 at 1:19 PM |
| Head-To-Head Analysis: Shell Midstream Partners (SHLX) vs. TransMontaigne (TLP)
www.americanbankingnews.com - April 15 at 11:15 PM |
| Zacks Investment Research Downgrades Shell Midstream Partners (SHLX) to Sell
www.americanbankingnews.com - April 13 at 8:19 PM |
| Zacks: Analysts Expect Shell Midstream Partners (SHLX) Will Announce Quarterly Sales of $86.45 Million
www.americanbankingnews.com - April 13 at 5:07 AM |
| Should You Sell Shell Midstream Partners LP. (NYSE:SHLX) At This PE Ratio?
finance.yahoo.com - April 11 at 9:52 AM |
| Brokerages Anticipate Shell Midstream Partners (SHLX) Will Announce Earnings of $0.20 Per Share
www.americanbankingnews.com - April 11 at 1:08 AM |
| Top MLP Losses in the Week Ending April 6
finance.yahoo.com - April 10 at 9:39 AM |
| WMB Has Underperformed AMLP Year-to-Date: What’s Its Upside?
finance.yahoo.com - April 9 at 9:28 AM |
| Shell Midstream Partners Has the Second-Highest Upside Potential
finance.yahoo.com - April 6 at 4:51 PM |
| Comparing Delek Logistics Partners (DKL) and Shell Midstream Partners (SHLX)
www.americanbankingnews.com - April 5 at 7:23 PM |
| Stifel Nicolaus Reiterates $25.00 Price Target for Shell Midstream Partners (SHLX)
www.americanbankingnews.com - April 5 at 1:43 PM |
| Shell Midstream Partners (SHLX) Cut to "Sell" at ValuEngine
www.americanbankingnews.com - April 3 at 12:30 AM |
| Shell Midstream Partners (SHLX) Price Target Cut to $27.00
www.americanbankingnews.com - March 29 at 12:11 PM |
| Citigroup Cuts Shell Midstream Partners (SHLX) Price Target to $28.50
www.americanbankingnews.com - March 28 at 11:30 AM |
| Stifel Nicolaus Downgrades Shell Midstream Partners (SHLX) to Hold
www.americanbankingnews.com - March 27 at 7:26 PM |
| Which MLPs Lost 10% or More Last Week?
finance.yahoo.com - March 27 at 4:32 PM |
| Zacks: Brokerages Anticipate Shell Midstream Partners LP (SHLX) Will Post Quarterly Sales of $86.45 Million
www.americanbankingnews.com - March 27 at 8:25 AM |
| Shell Midstream Partners (SHLX) Given Buy Rating at Mizuho
www.americanbankingnews.com - March 26 at 4:18 PM |
| Analysts Expect Shell Midstream Partners LP (SHLX) to Post $0.24 Earnings Per Share
www.americanbankingnews.com - March 25 at 3:12 AM |
| Shell Midstream Partners LP (SHLX) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - March 24 at 11:56 AM |
| Stock Traders Buy Large Volume of Shell Midstream Partners Call Options (SHLX)
www.americanbankingnews.com - March 21 at 7:54 AM |
| Shell Midstream Partners Successfully Completes Zydeco Integrity Work, Expects No Material Impact from FERC Policy ... - GlobeNewswire (press release)
globenewswire.com - March 20 at 9:28 AM |
| Shell Midstream Partners Successfully Completes Zydeco Integrity Work, Expects No Material Impact from FERC Policy Revision
finance.yahoo.com - March 20 at 9:28 AM |
| Shell Midstream Partners LP (SHLX) Short Interest Up 51.4% in February
www.americanbankingnews.com - March 16 at 2:38 AM |
| Shell Midstream Partners (SHLX) Rating Increased to Hold at Zacks Investment Research
www.americanbankingnews.com - March 14 at 5:24 PM |
| Shell Midstream Partners (SHLX) Price Target Cut to $31.00 by Analysts at JPMorgan Chase & Co.
www.americanbankingnews.com - March 13 at 2:14 PM |
| Shell Midstream Partners, L.P. Tax Packages Now Available
finance.yahoo.com - March 9 at 5:42 PM |
| Sei Investments Co. Has $4.79 Million Holdings in Shell Midstream Partners LP (SHLX)
www.americanbankingnews.com - March 4 at 9:08 AM |
| UBS Group Lowers Shell Midstream Partners (SHLX) Price Target to $38.00
www.americanbankingnews.com - March 2 at 10:03 PM |
| Stifel Nicolaus Analysts Give Shell Midstream Partners (SHLX) a $26.00 Price Target
www.americanbankingnews.com - March 1 at 7:40 PM |
| 78,174 Shares in Shell Midstream Partners LP (SHLX) Acquired by Venturi Wealth Management LLC
www.americanbankingnews.com - March 1 at 6:59 PM |
| Why Are Institutional Investors Bullish on Andeavor Logistics?
finance.yahoo.com - March 1 at 4:59 PM |
| Shell Midstream Partners LP (SHLX) Position Raised by BP Capital Fund Advisors LLC
www.americanbankingnews.com - March 1 at 5:10 AM |
| Shell Midstream Partners, L.P. 2017 Form 10-K Available on Website
finance.yahoo.com - February 28 at 9:10 AM |
 | Shell Midstream Partners, LP 2017 Q4 - Results - Earnings Call Slides
seekingalpha.com - February 27 at 5:12 PM |
| Shell Midstream beats 4Q profit forecasts
finance.yahoo.com - February 27 at 5:12 PM |
| Eagle Global Advisors LLC Acquires 24,610 Shares of Shell Midstream Partners LP (SHLX)
www.americanbankingnews.com - February 27 at 3:52 PM |
| Shell Midstream Partners LP (SHLX) Receives Average Rating of "Hold" from Brokerages
www.americanbankingnews.com - February 27 at 12:08 PM |
| Shell Midstream Partners (SHLX) Announces Earnings Results, Misses Expectations By $0.01 EPS
www.americanbankingnews.com - February 27 at 11:30 AM |
| Shell Midstream Partners LP to Host Earnings Call
finance.yahoo.com - February 27 at 9:17 AM |
| Shell Midstream Partners, L.P. 4th Quarter 2017 Unaudited Results
finance.yahoo.com - February 27 at 9:17 AM |
| OppenheimerFunds Inc. Buys 9,529 Shares of Shell Midstream Partners LP (SHLX)
www.americanbankingnews.com - February 24 at 2:56 PM |
| Head to Head Contrast: Western Refining Logistics (WNRL) & Shell Midstream Partners (SHLX)
www.americanbankingnews.com - February 21 at 1:30 AM |
Shell Midstream Partners (NYSE:SHLX) SEC Filings
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Shell Midstream Partners (NYSE:SHLX) Income Statement, Balance Sheet and Cash Flow Statement
Shell Midstream Partners (NYSE SHLX) Stock Chart for Friday, April, 20, 2018
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