Shell Midstream Partners, L.P. is a master limited partnership company, which owns, operates, develops and acquires pipelines and other midstream assets. The Company conducts its operations through its subsidiary, Shell Midstream Operating, LLC. Its assets consist of interests in entities that own crude oil and refined products pipelines serving as key infrastructure to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets and to deliver refined products from those markets to demand centers. As of December 31, 2016, it owned interests in seven crude oil pipeline systems, three refined products systems, one natural gas gathering pipeline system and a crude tank storage and terminal system. Its pipeline and terminal systems include Zydeco crude oil system, Auger crude oil system, Mars crude oil system, Bengal product system, Poseidon crude oil system, Odyssey crude oil system, Proteus crude oil system and Endymion crude oil system.
Industry, Sector and Symbol:
Capitalization:- Market Cap: $5.14463 billion
- Outstanding Shares: 177,412,000
Average Prices:- 50 Day Moving Avg: $27.16
- 200 Day Moving Avg: $29.95
- 52 Week Range: $25.42 - $34.17
P/E:- Trailing P/E Ratio: 22.34
- Foreward P/E Ratio: 17.44
- P/E Growth: 1.45
Sales & Book Value:- Annual Revenue: $283.5 million
- Price / Sales: 17.24
- Book Value: ($1.54) per share
- Price / Book: -17.89
Dividend:- Annual Dividend: $1.22
- Dividend Yield: 4.4%
Profitability:- EBIDTA: $160.6 million
- Net Margins: 87.22%
- Return on Equity: 258.67%
- Return on Assets: 28.64%
Debt:- Debt-to-Equity Ratio: -5.01%
- Current Ratio: 3.30%
- Quick Ratio: 3.30%
Misc:- Average Volume: 399,558 shs.
- Beta: 1.17
- Short Ratio: 4.95
Frequently Asked Questions for Shell Midstream Partners, L.P. (NYSE:SHLX)
What is Shell Midstream Partners, L.P.'s stock symbol?
Shell Midstream Partners, L.P. trades on the New York Stock Exchange (NYSE) under the ticker symbol "SHLX."
How often does Shell Midstream Partners, L.P. pay dividends? What is the dividend yield for Shell Midstream Partners, L.P.?
Shell Midstream Partners, L.P. declared a quarterly dividend on Thursday, July 20th. Investors of record on Monday, July 31st will be given a dividend of $0.3041 per share on Monday, August 14th. This represents a $1.22 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend is Thursday, July 27th. View Shell Midstream Partners, L.P.'s Dividend History.
How were Shell Midstream Partners, L.P.'s earnings last quarter?
Shell Midstream Partners, L.P. (NYSE:SHLX) issued its quarterly earnings data on Thursday, August, 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.02. The firm had revenue of $86.80 million for the quarter, compared to the consensus estimate of $69.55 million. Shell Midstream Partners, L.P. had a return on equity of 258.67% and a net margin of 87.22%. The business's revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. View Shell Midstream Partners, L.P.'s Earnings History.
When will Shell Midstream Partners, L.P. make its next earnings announcement?
Where is Shell Midstream Partners, L.P.'s stock going? Where will Shell Midstream Partners, L.P.'s stock price be in 2017?
5 brokers have issued 1-year price objectives for Shell Midstream Partners, L.P.'s shares. Their predictions range from $29.00 to $41.00. On average, they anticipate Shell Midstream Partners, L.P.'s stock price to reach $34.80 in the next twelve months. View Analyst Ratings for Shell Midstream Partners, L.P..
Who are some of Shell Midstream Partners, L.P.'s key competitors?
Some companies that are related to Shell Midstream Partners, L.P. include Targa Resources (TRGP), Buckeye Partners L.P. (BPL), Enbridge Energy, L.P. (EEP), Enable Midstream Partners, LP (ENBL), EQT Midstream Partners, LP (EQM), EnLink Midstream Partners, LP (ENLK), Phillips 66 Partners LP (PSXP), Andeavor Logistics LP (ANDX), Tesoro Logistics LP (ANDX), Plains Group Holdings, L.P. (PAGP), Tallgrass Energy Partners, LP (TEP), Genesis Energy, L.P. (GEL), EnLink Midstream, LLC (ENLC), Valero Energy Partners LP (VLP), Semgroup Corporation (SEMG), Tallgrass Energy GP, LP (TEGP), Summit Midstream Partners, LP (SMLP) and Western Refining Logistics, LP (WNRL).
Who are Shell Midstream Partners, L.P.'s key executives?
Shell Midstream Partners, L.P.'s management team includes the folowing people:
- Curtis R. Frasier, Chairman of the general partners
- John Hollowell, President, Chief Executive Officer, Director of the General Partner
- Shawn J. Carsten, Chief Financial Officer, Vice President, Director of the General Partner
- Alton G. Smith, Vice President - Operations of general partners.
- Lori M. Muratta, Vice President, General Counsel, Secretary of general partner
- Kevin M. Nichols, Vice President - Commercial of general partner
- James J. Bender, Director of general partner
- Carlos Antonio Fierro, Director of general partner
- Paul R A Goodfellow Ph.D., Director of general partner
- Rob L. Jones, Director of general partner
Who owns Shell Midstream Partners, L.P. stock?
Shell Midstream Partners, L.P.'s stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Tortoise Capital Advisors L.L.C. (5.49%), Chickasaw Capital Management LLC (4.87%), Alps Advisors Inc. (3.66%), Kayne Anderson Capital Advisors LP (2.46%), Goldman Sachs Group Inc. (2.40%) and American Century Companies Inc. (1.31%). Company insiders that own Shell Midstream Partners, L.P. stock include Lori M Muratta, Margaret C Montana and Rob L Jones. View Institutional Ownership Trends for Shell Midstream Partners, L.P..
Who sold Shell Midstream Partners, L.P. stock? Who is selling Shell Midstream Partners, L.P. stock?
Shell Midstream Partners, L.P.'s stock was sold by a variety of institutional investors in the last quarter, including Center Coast Capital Advisors LP, Citigroup Inc., ING Groep NV, Kayne Anderson Capital Advisors LP, Atlantic Trust Group LLC, Neuberger Berman Group LLC, Miller Howard Investments Inc. NY and Chicago Partners Investment Group LLC. View Insider Buying and Selling for Shell Midstream Partners, L.P..
Who bought Shell Midstream Partners, L.P. stock? Who is buying Shell Midstream Partners, L.P. stock?
Shell Midstream Partners, L.P.'s stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Alps Advisors Inc., Mariner Investment Group LLC, Chickasaw Capital Management LLC, Global X Management Co. LLC, Spirit of America Management Corp NY and Goldman Sachs Group Inc.. Company insiders that have bought Shell Midstream Partners, L.P. stock in the last two years include Lori M Muratta, Margaret C Montana and Rob L Jones. View Insider Buying and Selling for Shell Midstream Partners, L.P..
How do I buy Shell Midstream Partners, L.P. stock?
Shares of Shell Midstream Partners, L.P. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Shell Midstream Partners, L.P.'s stock price today?
One share of Shell Midstream Partners, L.P. stock can currently be purchased for approximately $27.55.
MarketBeat Community Rating for Shell Midstream Partners, L.P. (NYSE SHLX)MarketBeat's community ratings are surveys of what our community members think about Shell Midstream Partners, L.P. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Shell Midstream Partners, L.P. (NYSE:SHLX) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Hold Rating, 4 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.80) |
| Consensus Price Target: | $34.80 (26.32% upside) |
Analysts' Ratings History for Shell Midstream Partners, L.P. (NYSE:SHLX)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 9/15/2017 | Stifel Nicolaus | Reiterated Rating | Buy | $30.00 | Low |  |
| 8/21/2017 | Royal Bank Of Canada | Reiterated Rating | Buy | $41.00 | High | |
| 2/28/2017 | Mizuho | Reiterated Rating | Buy | $36.00 | N/A | |
| 2/1/2017 | J P Morgan Chase & Co | Initiated Coverage | Overweight | $38.00 | N/A | |
| 11/9/2016 | Barclays PLC | Reiterated Rating | Overweight -> Equal Weight | $39.00 -> $29.00 | N/A | |
| 6/16/2016 | Morgan Stanley | Initiated Coverage | Equal -> Equal Weight | $39.00 | N/A | |
| 11/30/2015 | Evercore ISI | Reiterated Rating | Buy | $45.00 | N/A | |
(Data available from 9/24/2015 forward)
Earnings History for Shell Midstream Partners, L.P. (NYSE:SHLX)Earnings History by Quarter for Shell Midstream Partners, L.P. (NYSE SHLX)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/1/2017 | | $0.36 | | | | | N/A | |
| 8/3/2017 | Q2 2017 | $0.31 | $0.29 | $69.55 million | $86.80 million | View | Listen | |
| 5/5/2017 | Q1 2017 | $0.35 | $0.33 | $77.82 million | $70.20 million | View | N/A | |
| 2/23/2017 | Q416 | $0.36 | $0.34 | $73.06 million | $75.60 million | View | N/A | |
| 11/3/2016 | Q316 | $0.37 | $0.28 | $78.62 million | $67.90 million | View | N/A | |
| 8/4/2016 | Q216 | $0.39 | $0.35 | $78.15 million | $71.10 million | View | N/A | |
| 2/24/2016 | Q415 | $0.35 | $0.38 | $68.96 million | $84.60 million | View | Listen | |
| 11/11/2015 | Q315 | $0.29 | $0.37 | $62.57 million | $72.40 million | View | Listen | |
| 8/12/2015 | Q2 | $0.21 | $0.22 | $56.51 million | $57.60 million | View | Listen | |
| 5/13/2015 | Q115 | $0.16 | $0.17 | $52.00 million | $51.70 million | View | Listen | |
| 2/24/2015 | Q414 | $0.14 | $0.10 | $52.00 million | $55.60 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Shell Midstream Partners, L.P. (NYSE:SHLX)Current Year EPS Consensus Estimate: $1.38 EPS
Next Year EPS Consensus Estimate: $1.58 EPS
Current Dividend Information for Shell Midstream Partners, L.P. (NYSE:SHLX)| Most Recent Dividend: | 8/14/2017 |
| Annual Dividend: | $1.22 |
| Dividend Yield: | 4.43% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 98.39% (Trailing 12 Months of Earnings)
88.41% (Based on This Year's Estimates)
77.22% (Based on Next Year's Estimates)
|
Dividend History by Quarter for Shell Midstream Partners, L.P. (NYSE SHLX)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 7/20/2017 | quarterly | $0.30 | 3.94% | 7/27/2017 | 7/31/2017 | 8/14/2017 |
| 4/20/2017 | quarterly | $0.29 | 3.62% | 4/27/2017 | 5/1/2017 | 5/12/2017 |
| 1/19/2017 | Quarterly | $0.28 | 3.64% | 1/27/2017 | 1/31/2017 | 2/14/2017 |
| 10/19/2016 | quarterly | $0.26 | 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 | $0.24 | 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 | $0.21 | 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 | $0.18 | 1.79% | 5/1/2015 | 5/5/2015 | 5/14/2015 |
| 1/22/2015 | special | $0.10 | | 1/29/2015 | 2/2/2015 | 2/12/2015 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Shell Midstream Partners, L.P. (NYSE:SHLX)Institutional Ownership Percentage: 46.01%
Insider Trades by Quarter for Shell Midstream Partners, L.P. (NYSE:SHLX)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 9/12/2017 | Margaret C Montana | Director | Sell | 500 | $27.90 | $13,950.00 | |
| 11/11/2016 | Lori M Muratta | Insider | Buy | 960 | $25.99 | $24,950.40 | |
| 11/11/2016 | Margaret C Montana | Director | Buy | 4,000 | $25.95 | $103,800.00 | |
| 12/11/2015 | Margaret C Montana | Director | Buy | 3,000 | $33.15 | $99,450.00 | |
| 12/10/2015 | Rob L Jones | Director | Buy | 5,000 | $33.93 | $169,650.00 | |
| 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)
Headline Trends for Shell Midstream Partners, L.P. (NYSE:SHLX)
Latest Headlines for Shell Midstream Partners, L.P. (NYSE:SHLX)
| Source: |
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| Date | Headline |
|---|
 | Head-To-Head Analysis: Enterprise Products Partners L.P. (EPD) vs. Shell Midstream Partners, L.P. (SHLX)
www.americanbankingnews.com - September 22 at 2:16 PM |
 | Shell Midstream's Harvey-Affected Pipelines Resume Service - Nasdaq
www.nasdaq.com - September 20 at 9:00 AM |
| Shell Midstream's Harvey-Affected Pipelines Resume Service - Nasdaq
www.nasdaq.com - September 20 at 9:00 AM |
| Contrasting Shell Midstream Partners, L.P. (SHLX) and EnLink Midstream Partners, (ENLK)
www.americanbankingnews.com - September 17 at 2:50 PM |
 | Shell Midstream Partners (SHLX) Expects $15M Operating Income Impact Due to Hurricane Harvey
www.streetinsider.com - September 17 at 7:53 AM |
| Stifel Nicolaus Reiterates Buy Rating for Shell Midstream Partners, L.P. (SHLX)
www.americanbankingnews.com - September 16 at 9:40 PM |
 | Shell Midstream Partners, LP Expected Operating Income Impact Due to Hurricane Harvey - GlobeNewswire (press release)
globenewswire.com - September 16 at 8:38 AM |
 | BRIEF-Shell Midstream Partners L.P. expectes operating income impact due to Hurricane Harvey
www.reuters.com - September 15 at 8:52 AM |
 | Shell Midstream Partners, L.P. Expected Operating Income Impact Due to Hurricane Harvey
finance.yahoo.com - September 15 at 8:52 AM |
| Margaret C. Montana Sells 500 Shares of Shell Midstream Partners, L.P. (SHLX) Stock
www.americanbankingnews.com - September 14 at 4:51 PM |
| Shell Midstream Partners LP breached its 50 day moving average in a Bullish Manner : SHLX-US : September 14, 2017
finance.yahoo.com - September 14 at 9:59 AM |
| Shell Midstream Partners (SHLX) Announces Sale of $275M Common Unit by Tortoise Capital
www.streetinsider.com - September 13 at 9:03 AM |
| Brokerages Anticipate Shell Midstream Partners, L.P. (SHLX) Will Announce Quarterly Sales of $94.94 Million
www.americanbankingnews.com - September 12 at 11:36 AM |
| Shell Midstream Partners, LP Announces $275 Million in Common Unit Sales - GlobeNewswire (press release)
globenewswire.com - September 12 at 9:46 AM |
| Shell Midstream Partners, L.P. Announces $275 Million in Common Unit Sales
finance.yahoo.com - September 12 at 9:46 AM |
| Brokerages Anticipate Shell Midstream Partners, L.P. (SHLX) Will Announce Earnings of $0.35 Per Share
www.americanbankingnews.com - September 10 at 6:32 AM |
| Shell Midstream Partners, L.P. (SHLX) Rating Increased to Hold at BidaskClub
www.americanbankingnews.com - September 8 at 9:28 AM |
| Shell Midstream Partners, LP Hurricane Harvey Operational Update - GlobeNewswire (press release)
globenewswire.com - September 8 at 8:22 AM |
 | Shell Midstream Partners, L.P. Hurricane Harvey Operational Update
feeds.benzinga.com - September 6 at 9:59 PM |
| Shell Midstream Partners, L.P. (SHLX) Given Average Recommendation of "Buy" by Analysts
www.americanbankingnews.com - September 5 at 12:34 PM |
| Shell Midstream Partners LP : SHLX-US: Dividend Analysis : July 31st, 2017 (record date) : By the numbers : August 29, 2017
finance.yahoo.com - August 30 at 9:09 AM |
| Shell Midstream Partners, L.P. (SHLX) Rating Increased to Sell at BidaskClub
www.americanbankingnews.com - August 25 at 4:48 PM |
| $94.94 Million in Sales Expected for Shell Midstream Partners, L.P. (SHLX) This Quarter
www.americanbankingnews.com - August 24 at 1:46 AM |
| Shell Midstream Partners, L.P. (SHLX) Receives "Buy" Rating from Royal Bank Of Canada
www.americanbankingnews.com - August 21 at 1:04 PM |
 | Why Shell Midstream Partners Is A Buy
seekingalpha.com - August 20 at 12:32 PM |
| Shell Midstream Partners, L.P. (SHLX) Upgraded to "Hold" at Zacks Investment Research
www.americanbankingnews.com - August 16 at 6:10 AM |
| Analyzing Shell Midstream Partners, L.P. (NYSE:SHLX) and Buckeye Partners L.P. (BPL)
www.americanbankingnews.com - August 13 at 6:10 PM |
| Shell Midstream Partners, L.P. (SHLX) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - August 11 at 12:58 PM |
| Shell Midstream Partners' (SHLX) CEO John Hollowell on Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - August 5 at 7:01 AM |
 | Crestwood Announces Shell Midstream Partners Exercises Buy-In Option in Delaware Basin Nautilus Gas Gathering ... - Business Wire (press release)
www.businesswire.com - August 4 at 8:11 AM |
| Shell Midstream Partners, LP 2nd Quarter 2017 Unaudited Results - GlobeNewswire (press release)
globenewswire.com - August 4 at 8:11 AM |
| Shell Midstream Partners, L.P. 2nd Quarter 2017 Unaudited Results
finance.yahoo.com - August 4 at 8:11 AM |
| Shell Midstream misses 2Q profit forecasts
finance.yahoo.com - August 4 at 8:11 AM |
| Edited Transcript of SHLX earnings conference call or presentation 3-Aug-17 1:30pm GMT
finance.yahoo.com - August 4 at 8:11 AM |
| Shell Midstream Partners, L.P. (NYSE:SHLX) Announces Earnings Results, Misses Expectations By $0.03 EPS
www.americanbankingnews.com - August 3 at 4:50 PM |
| Shell Midstream Partners LP – Value Analysis (NYSE:SHLX) : July 31, 2017
finance.yahoo.com - August 1 at 6:22 AM |
| Shell Midstream Partners, LP (SHLX) Ex-Dividend Date Scheduled for July 27, 2017 - Nasdaq
www.nasdaq.com - July 28 at 7:56 AM |
| Shell Midstream Partners, L.P. (SHLX) to Issue $0.30 Dividend
www.americanbankingnews.com - July 21 at 10:30 AM |
| Shell Midstream Partners, LP Declares 4.5% Increase in Quarterly Distribution - GlobeNewswire (press release)
globenewswire.com - July 21 at 7:03 AM |
| Shell Midstream Partners, L.P. Declares 4.5% Increase in Quarterly Distribution
finance.yahoo.com - July 21 at 7:02 AM |
| Shell Midstream Partners LP breached its 50 day moving average in a Bullish Manner : SHLX-US : July 17, 2017
finance.yahoo.com - July 18 at 8:22 PM |
| BP mulling IPO of U.S. Midwest and Gulf Coast pipeline assets
finance.yahoo.com - July 18 at 8:22 PM |
| Shell Midstream Partners, L.P. (NYSE:SHLX) Receives Average Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - July 17 at 12:33 PM |
| Advance Notice of Second-Quarter Financial Results for Shell Midstream Partners, L.P.
feeds.benzinga.com - July 17 at 11:35 AM |
| Shell Midstream Partners, L.P. (NYSE:SHLX) Rating Reiterated by Stifel Nicolaus
www.americanbankingnews.com - July 15 at 10:34 AM |
| Analysts Anticipate MLPA To Hit $13 - Nasdaq
www.nasdaq.com - July 12 at 7:53 AM |
| SHLX Crosses Below Key Moving Average Level - Nasdaq
www.nasdaq.com - July 7 at 11:13 AM |
| Shell Midstream Partners, L.P. (NYSE:SHLX) Rating Increased to Hold at BidaskClub
www.americanbankingnews.com - July 6 at 7:50 PM |
| Shell Midstream Partners LP breached its 50 day moving average in a Bullish Manner : SHLX-US : July 4, 2017
finance.yahoo.com - July 5 at 10:40 AM |
| ETFs with exposure to Shell Midstream Partners LP : July 3, 2017
finance.yahoo.com - July 4 at 7:20 AM |
Shell Midstream Partners, L.P. (SHLX) Chart for Sunday, September, 24, 2017
