S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
NYSE:SHLX

Shell Midstream Partners Stock Forecast, Price & News

$11.32
-0.12 (-1.05%)
(As of 12/3/2021 04:00 PM ET)
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Today's Range
$11.22
$11.64
50-Day Range
$11.00
$12.69
52-Week Range
$9.81
$16.50
Volume
1.18 million shs
Average Volume
1.51 million shs
Market Capitalization
$4.45 billion
P/E Ratio
8.64
Dividend Yield
10.49%
Beta
1.71
30 days | 90 days | 365 days | Advanced Chart
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Shell Midstream Partners logo

About Shell Midstream Partners

Shell Midstream Partners LP owns, operates, develops, and acquires pipelines and other midstream assets. Its assets consist of entities which hold interest in crude oil and refined products pipelines and a crude tank storage and terminal system. The company was founded on March 19, 2014 and is headquartered in Houston, TX.

Headlines

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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
$481 million
Cash Flow
$1.41 per share
Book Value
$1.50 per share

Profitability

Net Income
$543 million
Pretax Margin
109.17%

Debt

Price-To-Earnings

Miscellaneous

Free Float
N/A
Market Cap
$4.45 billion
Optionable
Optionable

Company Calendar

Last Earnings
10/28/2021
Ex-Dividend
11/01/2021
Dividend Payable
11/12/2021
Today
12/04/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/18/2022

MarketRank

Overall MarketRank

1.99 out of 5 stars

Oils/Energy Sector

169th out of 356 stocks

Pipelines, Except Natural Gas Industry

13th out of 21 stocks

Analyst Opinion: 1.9Community Rank: 3.9Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -












Shell Midstream Partners (NYSE:SHLX) Frequently Asked Questions

Is Shell Midstream Partners a buy right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shell Midstream Partners in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating 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.

How has Shell Midstream Partners' stock price been impacted by Coronavirus (COVID-19)?

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. Since then, SHLX stock has decreased by 7.4% and is now trading at $11.32.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Shell Midstream Partners?

Shell Midstream Partners saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 5,220,000 shares, an increase of 33.2% from the October 31st total of 3,920,000 shares. Based on an average daily volume of 1,310,000 shares, the short-interest ratio is presently 4.0 days. Currently, 4.3% of the shares of the stock are short sold.
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, February 18th 2022.
View our earnings forecast for Shell Midstream Partners
.

How were Shell Midstream Partners' earnings last quarter?

Shell Midstream Partners, L.P. (NYSE:SHLX) announced its quarterly earnings data on Thursday, October, 28th. The pipeline company reported $0.29 EPS for the quarter, missing the Thomson Reuters' consensus estimate 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 trailing twelve-month return on equity of 97.85% and a net margin of 106.61%. The company's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period last year, the company posted $0.30 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 announced a quarterly dividend on Friday, October 22nd. Stockholders of record on Tuesday, November 2nd will be paid a dividend of $0.30 per share on Friday, November 12th. This represents a $1.20 dividend on an annualized basis and a yield of 10.60%. The ex-dividend date is Monday, November 1st.
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 10.49%. 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 91.60%. 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 76.92% 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?

5 Wall Street analysts have issued twelve-month price objectives for Shell Midstream Partners' shares. Their forecasts range from $12.00 to $14.00. On average, they expect Shell Midstream Partners' share price to reach $13.30 in the next twelve months. This suggests a possible upside of 17.5% from the stock's current price.
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:
  • Steven C. Ledbetter, President, Chief Executive Officer & Director
  • Shawn J. Carsten, Chief Financial Officer, Director & Vice President
  • Lori M. Muratta, Secretary, Vice President & General Counsel
  • Courtney Selinidis Mason, 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 many different retail and institutional investors. Top institutional shareholders include Neuberger Berman Group LLC (1.63%), Chickasaw Capital Management LLC (1.18%), Goldman Sachs Group Inc. (1.02%), Morgan Stanley (0.84%), Tortoise Capital Advisors L.L.C. (0.67%) and Kayne Anderson Capital Advisors LP (0.47%). Company insiders that own Shell Midstream Partners stock include Lori M Muratta, Pipeline Co Lp Shell, Rob L Jones, Sean Guillory, Shawn J Carsten and Steven Ledbetter.
View institutional ownership trends for Shell Midstream Partners
.

Which institutional 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., Kayne Anderson Capital Advisors LP, Neuberger Berman Group LLC, Arrowstreet Capital Limited Partnership, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Chickasaw Capital Management LLC, Spirit of America Management Corp NY, and Sumitomo Mitsui Trust Holdings Inc..
View insider buying and selling activity for Shell Midstream Partners
or view top insider-selling stocks.

Which institutional investors are buying Shell Midstream Partners stock?

SHLX stock was acquired by a variety of institutional investors in the last quarter, including Morgan Stanley, 683 Capital Management LLC, Brookfield Asset Management Inc., Goldman Sachs Group Inc., Cushing Asset Management LP, Citigroup Inc., Marshall Wace LLP, and Natixis. 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, Sean Guillory, Shawn J Carsten, 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 $11.32.

How much money does Shell Midstream Partners make?

Shell Midstream Partners has a market capitalization of $4.45 billion and generates $481 million in revenue each year. The pipeline company earns $543 million in net income (profit) each year or $1.31 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.

Where are Shell Midstream Partners' headquarters?

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

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 12/4/2021 by MarketBeat.com Staff

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