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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 Ratio2.18
Current Ratio3.26
Quick Ratio3.26
Price-To-Earnings
Trailing P/E Ratio17.76
Forward P/E Ratio17.62
P/E Growth3.4
Sales & Book Value
Annual Sales$470.10 million
Price / Sales10.82
Cash Flow$1.7485 per share
Price / Cash13.00
Book Value$1.83 per share
Price / Book12.42
Profitability
EPS (Most Recent Fiscal Year)$1.28
Net Income$372.60 million
Net Margins70.78%
Return on Equity-300.60%
Return on Assets23.22%
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 declared a quarterly dividend on Friday, April 27th. Shareholders of record on Monday, May 7th will be paid a dividend of $0.348 per share on Tuesday, May 15th. This represents a $1.39 annualized dividend and a yield of 6.12%. The ex-dividend date of this dividend is Friday, May 4th. This is a boost from Shell Midstream Partners's previous quarterly dividend of $0.33. View Shell Midstream Partners' Dividend History.
How were Shell Midstream Partners' earnings last quarter?
Shell Midstream Partners (NYSE:SHLX) posted its quarterly earnings data on Thursday, May, 3rd. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. The pipeline company had revenue of $99.60 million for the quarter, compared to the consensus estimate of $101.76 million. Shell Midstream Partners had a negative return on equity of 300.60% and a net margin of 70.78%. Shell Midstream Partners's revenue for the quarter was up 41.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 EPS. View Shell Midstream Partners' Earnings History.
When is Shell Midstream Partners' next earnings date?
What price target have analysts set for SHLX?
9 Wall Street analysts have issued 12-month price objectives for Shell Midstream Partners' shares. Their forecasts range from $26.00 to $38.00. On average, they anticipate Shell Midstream Partners' stock price to reach $29.50 in the next year. 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 Plains All American Pipeline (PAA), Magellan Midstream Partners (MMP), Andeavor Logistics (ANDX), Phillips 66 Partners (PSXP), Buckeye Partners (BPL), Plains GP (PAGP), Enbridge Energy, Limited Partnership (EEP), Holly Energy Partners (HEP), Valero Energy Partners (VLP), BP Midstream Partners GP (BPMP), NuStar Energy (NS), Noble Midstream Partners (NBLX), PBF Logistics (PBFX), Delek Logistics Partners (DKL) and TransMontaigne (TLP).
Who are Shell Midstream Partners' key executives?
Shell Midstream Partners' management team includes the folowing people:
- 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)
- Mr. Ernest J. Stutzman, Treasurer
Has Shell Midstream Partners been receiving favorable news coverage?
Media stories about SHLX stock have trended somewhat positive on Friday, according to Accern Sentiment. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Shell Midstream Partners earned a media sentiment score of 0.21 on Accern's scale. They also gave media coverage about the pipeline company an impact score of 46.65 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are Shell Midstream Partners' major shareholders?
Shell Midstream Partners' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Tortoise Capital Advisors L.L.C. (7.36%), Tortoise Capital Advisors L.L.C. (7.36%), Alps Advisors Inc. (4.36%), Kayne Anderson Capital Advisors LP (3.32%), OppenheimerFunds Inc. (2.67%) and UBS Group AG (1.58%). Company insiders that own Shell Midstream Partners stock include Lori M Muratta, Margaret C Montana and Shawn J Carsten. 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 Tortoise Capital Advisors L.L.C., Tortoise Capital Advisors L.L.C., Westwood Holdings Group Inc., BlackRock Inc., Freestone Capital Holdings LLC, Highland Capital Management LP, Duff & Phelps Investment Management Co. and SG Americas Securities LLC. View Insider Buying and Selling for Shell Midstream Partners.
Which major investors are buying Shell Midstream Partners stock?
SHLX stock was bought by a variety of institutional investors in the last quarter, including Kayne Anderson Capital Advisors LP, OppenheimerFunds Inc., Brookfield Asset Management Inc., Alps Advisors Inc., Summit Trail Advisors LLC, Atlantic Trust Group LLC, First Eagle Investment Management LLC and UBS Group AG. Company insiders that have bought Shell Midstream Partners stock in the last two years include Lori M Muratta, Margaret C Montana and Shawn J Carsten. View Insider Buying and Selling for Shell Midstream Partners.
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 $22.73.
How big of a company is Shell Midstream Partners?
Shell Midstream Partners has a market capitalization of $5.27 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 $29.50, suggesting that the stock has a possible upside of 29.78%. The high price target for SHLX is $38.00 and the low price target for SHLX is $26.00. 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 | 2.67 | 2.57 | 2.75 |
| 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)
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)
2 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $29.50 | $30.0556 | $33.4286 | $34.50 |
| Price Target Upside: | 29.78% upside | 39.60% upside | 15.15% upside | 35.35% upside |
Shell Midstream Partners (NYSE:SHLX) Consensus Price Target History
Shell Midstream Partners (NYSE:SHLX) Analyst Ratings History
Show:
(Data available from 5/25/2016 forward)
Shell Midstream Partners (NYSE:SHLX) Dividend Information
Shell Midstream Partners pays an annual dividend of $1.39 per share, with a dividend yield of 6.12%. SHLX's most recent quarterly dividend payment was Tuesday, May 15. Shell Midstream Partners pays out 108.59% of its earnings out as a dividend.
| Most Recent Dividend: | 5/15/2018 |
| Annual Dividend: | $1.39 |
| Dividend Yield: | 6.12% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio(s): | 108.59% (Trailing 12 Months of Earnings)
107.75% (Based on This Year's Estimates)
83.23% (Based on Next Year's Estimates)
79.50% (Based on Cash Flow)
|
| 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 |
|---|
| 4/27/2018 | quarterly | $0.3480 | 6.43% | 5/4/2018 | 5/7/2018 | 5/15/2018 |
| 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: 55.72%
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 |
|---|
| 5/24/2018 | Shawn J Carsten | CFO | Buy | 2,500 | $23.38 | $58,450.00 | 2,500 |  |
| 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 |
|---|
 | Shell Midstream Partners (SHLX) Presents At MLP & Energy Infrastructure Conference - Slideshow
seekingalpha.com - May 25 at 4:49 PM |
 | Shell Midstream Partners (SHLX) CFO Purchases $58,450.00 in Stock
www.americanbankingnews.com - May 25 at 1:20 PM |
| Head to Head Review: Shell Midstream Partners (SHLX) & PBF Logistics (PBFX)
www.americanbankingnews.com - May 24 at 11:14 PM |
 | Why Institutional Investors Are Confident in Andeavor Logistics
finance.yahoo.com - May 21 at 4:35 PM |
| Investors Purchase Large Volume of Put Options on Shell Midstream Partners (SHLX)
www.americanbankingnews.com - May 17 at 7:34 AM |
| $142.13 Million in Sales Expected for Shell Midstream Partners (SHLX) This Quarter
www.americanbankingnews.com - May 17 at 3:48 AM |
| Stifel Nicolaus Raises Shell Midstream Partners (SHLX) Price Target to $26.00
www.americanbankingnews.com - May 16 at 3:01 PM |
| Shell Midstream Partners (SHLX) Expected to Announce Earnings of $0.33 Per Share
www.americanbankingnews.com - May 15 at 1:39 PM |
| Shell Midstream Partners (SHLX) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - May 13 at 10:40 AM |
 | Shell Midstream to buy Shell stake in Amberjack pipeline for $1.22 billion
www.reuters.com - May 10 at 9:28 AM |
| Shell Midstream to buy stake in Amberjack Pipeline for $1.22B
seekingalpha.com - May 10 at 9:28 AM |
| Shell offloads stake in Amberjack pipeline to MLP for $1.22 billion
finance.yahoo.com - May 10 at 9:28 AM |
| Shell Midstream Partners, L.P. Announces Largest Acquisition to Date
finance.yahoo.com - May 10 at 9:28 AM |
 | Shell Midstream Partners, L.P. (SHLX) PT Lowered to $30 at RBC Capital
www.streetinsider.com - May 7 at 4:49 PM |
| Shell Midstream Partners (SHLX) Price Target Lowered to $30.00 at Royal Bank of Canada
www.americanbankingnews.com - May 7 at 2:58 PM |
| Edited Transcript of SHLX earnings conference call or presentation 3-May-18 1:30pm GMT
finance.yahoo.com - May 4 at 9:10 AM |
| Shell Midstream Partners (SHLX) Releases Earnings Results, Misses Expectations By $0.06 EPS
www.americanbankingnews.com - May 3 at 9:57 PM |
| Shell Midstream Partners' (SHLX) CEO Kevin Nichols on Q1 2018 Results - Earnings Call Transcript
seekingalpha.com - May 3 at 4:35 PM |
| Shell Midstream Partners beats by $0.01, misses on revenue
seekingalpha.com - May 3 at 9:08 AM |
| Shell Midstream: 1Q Earnings Snapshot
finance.yahoo.com - May 3 at 9:08 AM |
| Shell Midstream Partners, L.P. 1st Quarter 2018 Unaudited Results
finance.yahoo.com - May 3 at 9:08 AM |
| Shell Midstream Partners (SHLX) Downgraded by ValuEngine
www.americanbankingnews.com - May 2 at 5:58 PM |
 | Ex-Dividend Reminder: Noble Midstream Partners, MPLX and Shell Midstream Partners
www.nasdaq.com - May 2 at 4:43 PM |
| Read This Before Buying Shell Midstream Partners LP. (NYSE:SHLX) For Its Upcoming $0.35 Dividend
finance.yahoo.com - April 30 at 4:36 PM |
| Shell Midstream Partners (SHLX) Expected to Post Quarterly Sales of $87.81 Million
www.americanbankingnews.com - April 29 at 1:52 AM |
| Shell Midstream Partners (SHLX) Expected to Post Earnings of $0.18 Per Share
www.americanbankingnews.com - April 27 at 11:22 PM |
| Shell Midstream Partners (SHLX) Increases Dividend to $0.35 Per Share
www.americanbankingnews.com - April 27 at 5:40 PM |
| BRIEF-Shell Midstream Partners Declares 4.5 Pct Increase In Quarterly Distribution
www.reuters.com - April 26 at 9:04 AM |
| Shell Midstream Partners, LP Declares 4.5% Increase in Quarterly Distribution
www.nasdaq.com - April 26 at 9:04 AM |
| Shell Midstream Partners (SHLX) to Release Quarterly Earnings on Thursday
www.americanbankingnews.com - April 26 at 2:17 AM |
| Reviewing Shell Midstream Partners (SHLX) and BP Midstream Partners GP (BPMP)
www.americanbankingnews.com - April 25 at 1:34 AM |
| Shell Midstream Partners, L.P. (SHLX) PT Lowered to $25 at Stifel
www.streetinsider.com - April 21 at 4:38 PM |
| 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 (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, May, 25, 2018
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