Shell Midstream Partners - SHLX Stock Forecast, Price & News

6 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 5 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SHLX shares. 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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6 brokers have issued twelve-month target prices for Shell Midstream Partners' stock. Their SHLX share price forecasts range from $13.00 to $16.00. On average, they expect the company's stock price to reach $13.75 in the next year. This suggests that the stock has a possible downside of 13.1%.
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Shell Midstream Partners' stock was trading at $11.52 on January 1st, 2022. Since then, SHLX shares have increased by 37.3% and is now trading at $15.82.
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Shell Midstream Partners, L.P. (NYSE:SHLX) posted its quarterly earnings data on Thursday, October, 28th. The pipeline company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by $0.07. The pipeline company had revenue of $128 million for the quarter, compared to the consensus estimate of $133.82 million. Shell Midstream Partners had a trailing twelve-month return on equity of 98.64% and a net margin of 97.11%. Shell Midstream Partners's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS.

Shell Midstream Partners declared a quarterly dividend on Friday, July 22nd. Shareholders of record on Tuesday, August 2nd will be given a dividend of $0.30 per share on Friday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.59%. The ex-dividend date is Monday, August 1st.
Read our dividend analysis for SHLX.

Shell Midstream Partners (NYSE:SHLX) pays an annual dividend of $1.20 per share and currently has a dividend yield of 7.59%. SHLX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 99.17%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, SHLX will have a dividend payout ratio of 76.92% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SHLX.

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 number of institutional and retail investors. Top institutional shareholders include UBS Group AG (1.52%), Chickasaw Capital Management LLC (0.93%), ING Groep NV (0.93%), Bank of Montreal Can (0.30%), First Trust Capital Management L.P. (0.24%) and Blackstone Inc. (0.19%). Insiders that own company stock include Lori M Muratta, Pipeline Co Lp Shell, Rob L Jones, Sean Guillory, Shawn J Carsten and Steven Ledbetter.
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Shares of SHLX stock 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 $15.82.

Shell Midstream Partners (NYSE:SHLX) has a market capitalization of $6.22 billion and generates $556 million in revenue each year. The pipeline company earns $556 million in net income (profit) each year or $1.21 on an earnings per share basis.

The company employs 2,020 workers across the globe.

Shell Midstream Partners' mailing address is 150 N. DAIRY ASHFORD, HOUSTON TX, 77079. The official website for the company is www.shellmidstreampartners.com. The pipeline company can be reached via phone at (832) 337-2034 or via email at ir-shlx@shell.com.