Shell Midstream Partners Stock Forecast, Price & News

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" 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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Shell Midstream Partners saw a increase in short interest in the month of May. As of May 14th, there was short interest totaling 5,210,000 shares, an increase of 29.9% from the April 29th total of 4,010,000 shares. Based on an average daily trading volume, of 1,510,000 shares, the days-to-cover ratio is currently 3.5 days. Currently, 4.3% of the company's stock are sold short.
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Shell Midstream Partners is scheduled to release its next quarterly earnings announcement on Friday, July 30th 2021.
View our earnings forecast for Shell Midstream Partners.

Shell Midstream Partners, L.P. (NYSE:SHLX) issued its quarterly earnings results on Friday, April, 30th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.34 by $0.03. The pipeline company earned $139 million during the quarter, compared to analysts' expectations of $135.14 million. Shell Midstream Partners had a net margin of 113.83% and a trailing twelve-month return on equity of 90.23%. The firm's revenue for the quarter was up 14.9% on a year-over-year basis. During the same period last year, the firm posted $0.36 EPS.
View Shell Midstream Partners' earnings history.

Shell Midstream Partners' stock was trading at $12.22 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SHLX stock has increased by 29.8% and is now trading at $15.86.
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Shell Midstream Partners announced a quarterly dividend on Friday, April 23rd. Stockholders of record on Tuesday, May 4th will be given a dividend of $0.46 per share on Friday, May 14th. This represents a $1.84 annualized dividend and a yield of 11.60%. The ex-dividend date of this dividend is Monday, May 3rd.
View Shell Midstream Partners' dividend history.

Shell Midstream Partners pays an annual dividend of $1.84 per share and currently has a dividend yield of 11.57%. SHLX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Shell Midstream Partners does not yet have a strong track record of dividend growth. The dividend payout ratio of Shell Midstream Partners is 147.20%. 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 119.48% 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.

5 equities research analysts have issued 12 month target prices for Shell Midstream Partners' stock. Their forecasts range from $11.00 to $15.00. On average, they expect Shell Midstream Partners' stock price to reach $12.83 in the next twelve months. This suggests that the stock has a possible downside of 19.1%.
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Some companies that are related to Shell Midstream Partners include Magellan Midstream Partners (MMP), Phillips 66 Partners (PSXP), Plains All American Pipeline (PAA), Plains GP (PAGP), Holly Energy Partners (HEP), NuStar Energy (NS), Delek Logistics Partners (DKL), BP Midstream Partners (BPMP), Genesis Energy (GEL), PBF Logistics (PBFX) and Blueknight Energy Partners (BKEP).
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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 variety of institutional and retail investors. Top institutional shareholders include Alps Advisors Inc. (4.21%), Tortoise Capital Advisors L.L.C. (2.25%), Neuberger Berman Group LLC (1.92%), JPMorgan Chase & Co. (1.41%), Chickasaw Capital Management LLC (1.24%) and Mirae Asset Global Investments Co. Ltd. (0.89%). Company insiders that own Shell Midstream Partners stock include Lori M Muratta, Pipeline Co Lp Shell, Rob L Jones and Shawn J Carsten.
View institutional ownership trends for Shell Midstream Partners.

SHLX stock was sold by a variety of institutional investors in the last quarter, including Chickasaw Capital Management LLC, Goldman Sachs Group Inc., Morgan Stanley, JPMorgan Chase & Co., Cushing Asset Management LP, Kayne Anderson Capital Advisors LP, Neuberger Berman Group LLC, and Arrowstreet Capital Limited Partnership.
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SHLX stock was purchased by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., Alps Advisors Inc., State of Wisconsin Investment Board, Mirae Asset Global Investments Co. Ltd., Cohen & Steers Inc., Glenmede Trust Co. NA, Russell Investments Group Ltd., and SG Americas Securities LLC. Company insiders that have bought Shell Midstream Partners stock in the last two years include Lori M Muratta, Pipeline Co Lp Shell, Rob L Jones, and Shawn J Carsten.
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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.
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One share of SHLX stock can currently be purchased for approximately $15.86.

Shell Midstream Partners has a market capitalization of $6.24 billion and generates $481 million in revenue each year. The pipeline company earns $543 million in net income (profit) each year or $1.25 on an earnings per share basis.

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

Shell Midstream Partners is headquartered at 150 N. DAIRY ASHFORD, HOUSTON TX, 77079.

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]