NYSE:SHLX - Shell Midstream Partners Stock Price, Forecast & News

Shell Midstream Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "SHLX."

Shell Midstream Partners declared a quarterly dividend on Thursday, October 24th. Shareholders of record on Monday, November 4th will be given a dividend of $0.445 per share on Thursday, November 14th. This represents a $1.78 dividend on an annualized basis and a yield of 8.01%. The ex-dividend date is Friday, November 1st. This is a boost from Shell Midstream Partners's previous quarterly dividend of $0.43. View Shell Midstream Partners' Dividend History.

Shell Midstream Partners LP (NYSE:SHLX) released its quarterly earnings data on Thursday, October, 31st. The pipeline company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.05. The pipeline company had revenue of $125 million for the quarter, compared to analysts' expectations of $116.18 million. Shell Midstream Partners had a negative return on equity of 104.00% and a net margin of 101.89%. Shell Midstream Partners's quarterly revenue was down 18.6% on a year-over-year basis. During the same quarter last year, the business earned $0.50 EPS. View Shell Midstream Partners' Earnings History.

Shell Midstream Partners is scheduled to release their next quarterly earnings announcement on Thursday, February 20th 2020. View Earnings Estimates for Shell Midstream Partners.

6 equities research analysts have issued 12-month price targets for Shell Midstream Partners' shares. Their forecasts range from $17.00 to $22.00. On average, they anticipate Shell Midstream Partners' stock price to reach $20.17 in the next year. This suggests that the stock has a possible downside of 9.3%. View Analyst Price Targets for Shell Midstream Partners.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shell Midstream Partners in the last year. There are currently 4 sell ratings, 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Shell Midstream Partners.

Media coverage about SHLX stock has been trending positive recently, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Shell Midstream Partners earned a coverage optimism score of 3.0 on InfoTrie's scale. They also assigned news stories about the pipeline company a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the company's share price in the immediate future. View News Stories for Shell Midstream Partners.

Shell Midstream Partners saw a decline in short interest in the month of December. As of December 31st, there was short interest totalling 2,610,000 shares, a decline of 19.9% from the December 15th total of 3,260,000 shares. Based on an average trading volume of 714,600 shares, the days-to-cover ratio is presently 3.7 days. Currently, 2.1% of the shares of the stock are short sold. View Shell Midstream Partners' Current Options Chain.

Some companies that are related to Shell Midstream Partners include Magellan Midstream Partners (MMP), Phillips 66 Partners (PSXP), Plains All American Pipeline (PAA), Buckeye Partners (BPL), Plains GP (PAGP), NuStar Energy (NS), Holly Energy Partners (HEP), BP Midstream Partners (BPMP), PBF Logistics (PBFX), Noble Midstream Partners (NBLX), Delek Logistics Partners (DKL) and Blueknight Energy Partners (BKEP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Shell Midstream Partners investors own include Energy Transfer LP Unit (ET), Enterprise Products Partners (EPD), AT&T (T), IBM (IBM), Plains All American Pipeline (PAA), Royal Dutch Shell (RDS.A), Verizon Communications (VZ), Chatham Lodging Trust (CLDT), Kinder Morgan (KMI) and Mplx (MPLX).

Shell Midstream Partners' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Chickasaw Capital Management LLC (2.21%), Spirit of America Management Corp NY (0.25%) and Diversified Trust Co (0.01%). Company insiders that own Shell Midstream Partners stock include Curtis R Frasier and Shawn J Carsten. View Institutional Ownership Trends for Shell Midstream Partners.

SHLX stock was sold by a variety of institutional investors in the last quarter, including Chickasaw Capital Management LLC, Spirit of America Management Corp NY and Diversified Trust Co. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of SHLX stock can currently be purchased for approximately $22.23.

Shell Midstream Partners has a market capitalization of $5.19 billion and generates $524.70 million in revenue each year. View Additional Information About Shell Midstream Partners.

The official website for Shell Midstream Partners is http://www.shellmidstreampartners.com/.

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]