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AMD   69.67 (-1.14%)
T   19.19 (+0.37%)
MU   55.55 (+0.63%)
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NYSE:SHLX

Shell Midstream Partners - SHLX Stock Forecast, Price & News

Notice: This company has been marked as potentially delisted and may not be actively trading.
Add
Compare
Today's Range
$15.82
$15.82
50-Day Range
$15.80
$15.85
52-Week Range
$10.76
$16.08
Volume
N/A
Average Volume
1.88 million shs
Market Capitalization
$6.22 billion
P/E Ratio
13.07
Dividend Yield
7.59%
Price Target
$13.75
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.

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SHLX Stock News Headlines

SHLX Shell Midstream Partners, L.P.
Shell Midstream Partners L.P. - Unit
Shell Midstream Partners Q4 2021 Earnings Preview
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SHLX Company Calendar

Last Earnings
10/28/2021
Today
12/09/2022
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
5 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
1.24

Key Executives

  • Mr. Steven C. LedbetterMr. 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?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shell Midstream Partners in the last year. 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" SHLX shares. 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 SHLX analyst ratings
or view top-rated stocks.

What is Shell Midstream Partners' stock price forecast for 2023?

5 analysts have issued 12 month price targets for Shell Midstream Partners' stock. Their SHLX share price forecasts range from $13.00 to $16.00. On average, they expect the company's share price to reach $13.75 in the next year. This suggests that the stock has a possible downside of 13.1%.
View analysts price targets for SHLX
or view top-rated stocks among Wall Street analysts.

How were Shell Midstream Partners' earnings last quarter?

Shell Midstream Partners, L.P. (NYSE:SHLX) announced its earnings results on Thursday, October, 28th. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by $0.07. The pipeline company earned $128 million during the quarter, compared to the consensus estimate of $133.82 million. Shell Midstream Partners had a net margin of 97.11% and a trailing twelve-month return on equity of 98.64%. The company's revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 earnings per share.

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 22nd. Stockholders 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 annualized dividend and a dividend yield of 7.59%. The ex-dividend date is Monday, August 1st.
Read our dividend analysis for SHLX
.

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 is 99.17%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, SHLX will have a dividend payout ratio of 76.92% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SHLX.

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 variety of retail and institutional investors. Top institutional investors include UBS Group AG (1.52%), Chickasaw Capital Management LLC (0.93%), ING Groep NV (0.93%), Bank of Montreal Can (0.30%), First Trust Capital Management L.P. (0.24%) and Blackstone Inc. (0.19%). Insiders that own company stock include Lori M Muratta, Pipeline Co Lp Shell, Rob L Jones, Sean Guillory, Shawn J Carsten and Steven Ledbetter.
View institutional ownership trends
.

What is Shell Midstream Partners' stock price today?

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

How much money does Shell Midstream Partners make?

Shell Midstream Partners (NYSE:SHLX) has a market capitalization of $6.22 billion and generates $556 million in revenue each year. The pipeline company earns $556 million in net income (profit) each year or $1.21 on an earnings per share basis.

How many employees does Shell Midstream Partners have?

The company 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 the company 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 12/9/2022 by MarketBeat.com Staff