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 paid a dividend of $0.445 per share on Thursday, November 14th. This represents a $1.78 annualized dividend and a yield of 8.01%. The ex-dividend date of this dividend 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) posted its quarterly earnings data on Thursday, October, 31st. The pipeline company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.05. The pipeline company had revenue of $125 million for the quarter, compared to the consensus estimate of $116.18 million. Shell Midstream Partners had a net margin of 101.89% and a negative return on equity of 104.00%. The business's quarterly revenue was down 18.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 earnings per share. 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 Wall Street analysts have issued 12-month target prices 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.

News headlines about SHLX stock have trended very positive this week, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Shell Midstream Partners earned a media sentiment score of 3.4 on InfoTrie's scale. They also assigned news headlines about the pipeline company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for Shell Midstream Partners.

Shell Midstream Partners saw a decrease in short interest during the month of December. As of December 31st, there was short interest totalling 2,610,000 shares, a decrease of 19.9% from the December 15th total of 3,260,000 shares. Based on an average trading volume of 714,600 shares, the short-interest ratio is currently 3.7 days. Approximately 2.1% of the company's shares 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), Plains All American Pipeline (PAA), Royal Dutch Shell (RDS.A), Kinder Morgan (KMI), Mplx (MPLX), Hawkins (HWKN), Chatham Lodging Trust (CLDT) and IBM (IBM).

Shell Midstream Partners' stock is owned by many different of retail and institutional investors. Top institutional shareholders 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]