S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
NYSE:SHLX

Shell Midstream Partners (SHLX) Stock Forecast, Price & News

$13.93
+0.12 (+0.87%)
(As of 05/20/2022 12:00 AM ET)
Add
Compare
Today's Range
$13.70
$13.96
50-Day Range
$13.63
$14.38
52-Week Range
$10.76
$16.10
Volume
691,952 shs
Average Volume
1.36 million shs
Market Capitalization
$5.43 billion
P/E Ratio
11.23
Dividend Yield
8.69%
Beta
1.41
30 days | 90 days | 365 days | Advanced Chart
Receive SHLX News and Ratings via Email

Sign-up to receive the latest news and ratings for Shell Midstream Partners and its competitors with MarketBeat's FREE daily newsletter.

Shell Midstream Partners logo

About Shell Midstream Partners

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.

Headlines

See More Headlines

Industry, Sector and Symbol

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

Sales & Book Value

Annual Sales
$556 million
Cash Flow
$1.71 per share
Book Value
$1.44 per share

Profitability

Net Income
$556 million
Pretax Margin
101.63%

Debt

Price-To-Earnings

Miscellaneous

Free Float
N/A
Market Cap
$5.43 billion
Optionable
Optionable

Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 5/13 Dividend
5/02/2022
Dividend Payable
5/13/2022
Today
5/22/2022
Next Earnings (Estimated)
7/29/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

1.51 out of 5 stars

Oils/Energy Sector

245th out of 373 stocks

Pipelines, Except Natural Gas Industry

18th out of 20 stocks

Analyst Opinion: 0.9Community Rank: 3.7Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -













Shell Midstream Partners (NYSE:SHLX) Frequently Asked Questions

Is Shell Midstream Partners a buy right now?

6 Wall Street 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 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.

Are investors shorting Shell Midstream Partners?

Shell Midstream Partners saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 6,000,000 shares, a decline of 19.2% from the April 15th total of 7,430,000 shares. Based on an average daily volume of 1,830,000 shares, the days-to-cover ratio is currently 3.3 days. Approximately 4.9% of the company's shares 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, July 29th 2022.
View our earnings forecast for Shell Midstream Partners
.

How were Shell Midstream Partners' earnings last quarter?

Shell Midstream Partners, L.P. (NYSE:SHLX) issued its quarterly earnings data on Thursday, April, 28th. The pipeline company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.38 by $0.02. The pipeline company had revenue of $135 million for the quarter, compared to analyst estimates of $134.86 million. Shell Midstream Partners had a net margin of 99.82% and a trailing twelve-month return on equity of 102.13%. The company's revenue was down 2.9% compared to the same quarter last year. During the same period last year, the company posted $0.37 EPS.
View Shell Midstream Partners' earnings history
.

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, April 22nd. Shareholders of record on Tuesday, May 3rd will be given a dividend of $0.30 per share on Friday, May 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.61%. The ex-dividend date of this dividend is Monday, May 2nd.
View Shell Midstream Partners' dividend history
.

Is Shell Midstream Partners a good dividend stock?

Shell Midstream Partners pays an annual dividend of $1.20 per share and currently has a dividend yield of 8.69%. 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 96.77%. 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 77.42% 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 price target have analysts set for SHLX?

6 brokers have issued 1-year price targets for Shell Midstream Partners' shares. Their forecasts range from $13.00 to $14.00. On average, they anticipate Shell Midstream Partners' share price to reach $13.25 in the next twelve months. This suggests that the stock has a possible downside of 4.9%.
View analysts' price targets for Shell Midstream Partners
or view top-rated stocks among Wall Street analysts.

Who are Shell Midstream Partners' key executives?
Shell Midstream Partners' management team includes the following people:
  • Mr. Steven C. Ledbetter, Pres, CEO & Director of Shell Midstream Partners GP LLC (Age 46) (LinkedIn Profile)
  • Mr. Shawn J. Carsten, CFO, VP & Director of Shell Midstream Partners GP LLC (Age 55)
  • Mr. Gregory T. Mouras, VP of Operations of Shell Midstream Partners GP LLC (Age 42)
  • Ms. Lori M. Muratta, VP, Gen. Counsel & Sec. of Shell Midstream Partners GP LLC (Age 57)
  • Ms. Courtney Selinidis, Investor Relations Officer
  • Mr. Ernest J. Stutzman, Treasurer
  • Mr. James E. Fullen, Controller
  • Jamie Parker, Investor Relations Officer
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 shareholders include JPMorgan Chase & Co. (2.26%), Goldman Sachs Group Inc. (1.56%), Mirae Asset Global Investments Co. Ltd. (1.42%), Chickasaw Capital Management LLC (1.08%), Citigroup Inc. (0.74%) and Bank of Montreal Can (0.42%). Company insiders that own Shell Midstream Partners stock include Sean Guillory and Steven Ledbetter.
View institutional ownership trends for Shell Midstream Partners
.

Which major investors are selling Shell Midstream Partners stock?

SHLX stock was sold by a variety of institutional investors in the last quarter, including Evergreen Capital Management LLC, Chickasaw Capital Management LLC, Arrowstreet Capital Limited Partnership, Clearbridge Investments LLC, UBS Group AG, First Trust Advisors LP, Blackstone Inc., and BNP Paribas Arbitrage SA.
View insider buying and selling activity for Shell Midstream Partners
or view top insider-selling stocks.

Which major investors are buying Shell Midstream Partners stock?

SHLX stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Goldman Sachs Group Inc., Citigroup Inc., Mirae Asset Global Investments Co. Ltd., Bank of Montreal Can, Eagle Global Advisors LLC, Fractal Investments LLC, and Invesco Ltd.. Company insiders that have bought Shell Midstream Partners stock in the last two years include Sean Guillory, and Steven Ledbetter.
View insider buying and selling activity for Shell Midstream Partners
or or view top insider-buying stocks.

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 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 $13.93.

How much money does Shell Midstream Partners make?

Shell Midstream Partners has a market capitalization of $5.43 billion and generates $556 million in revenue each year. The pipeline company earns $556 million in net income (profit) each year or $1.24 on an earnings per share basis.

How many employees does Shell Midstream Partners have?

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

What is Shell Midstream Partners' official website?

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

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].

This page was last updated on 5/22/2022 by MarketBeat.com Staff

Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.