NYSE:SHLX

Shell Midstream Partners Stock Forecast, Price & News

$15.91
0.00 (0.00 %)
(As of 06/14/2021 04:50 PM ET)
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Today's Range
$15.76
$16.10
50-Day Range
$13.86
$16.14
52-Week Range
$8.17
$16.50
Volume1.27 million shs
Average Volume1.57 million shs
Market Capitalization$6.26 billion
P/E Ratio12.43
Dividend Yield11.57%
Beta1.8
30 days | 90 days | 365 days | Advanced Chart
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Shell Midstream Partners logo

About Shell Midstream Partners

Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream, and logistics assets in the United States. It owns interests in crude oil and refined products pipelines and terminals to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets. The company stores and transports crude oil, refined, natural gas, and refinery gas products for various customers, including producers, refiners, marketers, and traders, as well as to other crude oil and refined products pipelines through its pipelines and storage tanks. Shell Midstream Partners GP LLC serves as the general partner of Shell Midstream Partners, L.P. The company was founded in 2014 and is headquartered in Houston, Texas. Shell Midstream Partners, L.P. operates as a subsidiary of Shell Pipeline Company LP.

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MarketRank

Overall MarketRank

1.31 out of 5 stars

Oils/Energy Sector

182nd out of 686 stocks

Pipelines, Except Natural Gas Industry

17th out of 20 stocks

Analyst Opinion: 0.9Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -
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Shell Midstream Partners (NYSE:SHLX) Frequently Asked Questions

Is Shell Midstream Partners a buy right now?

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.
View analyst ratings for Shell Midstream Partners
or view top-rated stocks.

What stocks does MarketBeat like better than Shell Midstream Partners?

Wall Street analysts have given Shell Midstream Partners a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Shell Midstream Partners wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Shell Midstream Partners?

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.
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, July 30th 2021.
View our earnings forecast for Shell Midstream Partners
.

How were Shell Midstream Partners' earnings last quarter?

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
.

How has Shell Midstream Partners' stock 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 (WHO). Since then, SHLX stock has increased by 29.8% and is now trading at $15.86.
View which stocks have been most impacted by COVID-19
.

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, 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
.

Is Shell Midstream Partners a good dividend stock?

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.

What price target have analysts set for SHLX?

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%.
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:
  • Mr. Steven C. Ledbetter, Pres, CEO & Director of Shell Midstream Partners GP LLC (Age 45)
  • Mr. Shawn J. Carsten, CFO, VP & Director of Shell Midstream Partners GP LLC (Age 54)
  • Ms. Jesse C.H. Stanley, VP of Operations at Shell Midstream Partners GP LLC (Age 36)
  • Ms. Lori M. Muratta, VP, Gen. Counsel & Sec. of Shell Midstream Partners GP LLC (Age 56)
  • Ms. Courtney Selinidis, Investor Relations Officer
  • Mr. Ernest J. Stutzman, Treasurer
  • Mr. James E. Fullen, Controller
  • Mr. Sean Guillory, VP of Commercial
  • Jamie Parker, Investor Relations Officer

Who are some of Shell Midstream Partners' key competitors?

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 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
.

Which major investors are selling Shell Midstream Partners stock?

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.
View insider buying and selling activity for Shell Midstream Partners
or view top insider-selling stocks.

Which major investors are buying Shell Midstream Partners stock?

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.
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 $15.86.

How much money does Shell Midstream Partners make?

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.

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 6/14/2021 by MarketBeat.com Staff
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