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

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$19.58 -0.31 (-1.56 %)
(As of 03/24/2019 04:00 PM ET)
Previous Close$19.58
Today's Range$19.54 - $19.87
52-Week Range$15.86 - $25.08
Volume645,330 shs
Average Volume777,007 shs
Market Capitalization$4.38 billion
P/E Ratio13.23
Dividend Yield8.17%
Beta1.29
Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream assets in the United States. Its crude oil pipeline systems include a 350 miles of Zydeco pipeline system; a 130-miles of delta pipeline; a 174-mile offshore Gulf of Mexico corridor pipeline; and a 75-mile offshore pipeline. The company also has interests in Mars pipeline system that is approximately 163 miles that delivers production received from the Mississippi Canyon area and Green Canyon and Walker Ridge to salt dome caverns in Clovelly, Louisiana; and a 105-mile Odyssey pipeline system, which transports crude oil in the offshore eastern Gulf of Mexico to markets in Louisiana. In addition, it has interests in a 367-mile Gulf of Mexico offshore pipeline that transports crude oil to Texas and Louisiana; a 70-mile crude oil pipeline that provides transportation for various oil producers in the eastern Gulf of Mexico; and a 89-mile crude oil Endymion pipeline system that offers transportation for various oil producers in the eastern Gulf of Mexico. In addition, it holds interests in Mars pipeline system that is approximately 163 miles that delivers production received from the Mississippi Canyon area and Green Canyon and Walker Ridge to salt dome caverns in Clovelly, Louisiana. The company's refined products pipeline systems consist of 160-mile Bengal pipeline system connecting four refineries in southern Louisiana to long-haul transportation pipelines; approximately 5,500 miles of pipeline connecting refineries along the Gulf Coast to approximately 265 marketing terminals; and Explorer pipeline system, an 1,830-mile common carrier petroleum products pipeline system, which extends from the Gulf Coast to the Midwest. Shell Midstream Partners GP LLC serves as the general partner of Shell Midstream Partners, L.P. The company was founded in 2014 and is based in Houston, Texas. Shell Midstream Partners, L.P. operates as a subsidiary of Shell Pipeline Company LP.

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Industry, Sector and Symbol

Industry Pipelines, except natural gas
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone832-337-2034

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$524.70 million
Cash Flow$2.3619 per share
Book Value($1.15) per share

Profitability

Net Income$464.10 million

Miscellaneous

EmployeesN/A
Market Cap$4.38 billion
Next Earnings Date5/2/2019 (Estimated)
OptionableOptionable

Shell Midstream Partners (NYSE:SHLX) Frequently Asked Questions

What is Shell Midstream Partners' stock symbol?

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

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, January 25th. Shareholders of record on Monday, February 4th will be given a dividend of $0.40 per share on Thursday, February 14th. This represents a $1.60 dividend on an annualized basis and a yield of 8.17%. The ex-dividend date of this dividend is Friday, February 1st. This is an increase from Shell Midstream Partners's previous quarterly dividend of $0.38. View Shell Midstream Partners' Dividend History.

How were Shell Midstream Partners' earnings last quarter?

Shell Midstream Partners LP (NYSE:SHLX) posted its quarterly earnings data on Thursday, February, 21st. The pipeline company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.49 by $0.04. The pipeline company earned $142.30 million during the quarter, compared to analysts' expectations of $146.32 million. Shell Midstream Partners had a negative return on equity of 411.89% and a net margin of 88.45%. Shell Midstream Partners's quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the firm earned $0.35 EPS. View Shell Midstream Partners' Earnings History.

When is Shell Midstream Partners' next earnings date?

Shell Midstream Partners is scheduled to release their next quarterly earnings announcement on Thursday, May 2nd 2019. View Earnings Estimates for Shell Midstream Partners.

What price target have analysts set for SHLX?

12 Wall Street analysts have issued 12 month price targets for Shell Midstream Partners' stock. Their predictions range from $22.00 to $36.00. On average, they anticipate Shell Midstream Partners' stock price to reach $25.9583 in the next twelve months. This suggests a possible upside of 32.6% from the stock's current price. View Analyst Price Targets for Shell Midstream Partners.

What is the consensus analysts' recommendation for Shell Midstream Partners?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shell Midstream Partners in the last year. There are currently 1 sell rating, 7 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Shell Midstream Partners.

Has Shell Midstream Partners been receiving favorable news coverage?

News stories about SHLX stock have trended neutral recently, according to InfoTrie Sentiment. The research firm ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Shell Midstream Partners earned a media sentiment score of 0.2 on InfoTrie's scale. They also gave news stories about the pipeline company a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an impact on the company's share price in the near future.

Who are some of Shell Midstream Partners' key competitors?

What other stocks do shareholders of Shell Midstream Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Shell Midstream Partners investors own include Energy Transfer LP Unit (ET), AT&T (T), Enterprise Products Partners (EPD), Royal Dutch Shell (RDS.A), Hawkins (HWKN), Plains All American Pipeline (PAA), Buckeye Partners (BPL), Williams Companies (WMB), Mplx (MPLX) and Kinder Morgan (KMI).

Who are Shell Midstream Partners' key executives?

Shell Midstream Partners' management team includes the folowing people:
  • Mr. Kevin M. Nichols, Pres, CEO & Director of Shell Midstream Partners GP LLC (Age 51)
  • Mr. Shawn J. Carsten, CFO, VP & Director of Shell Midstream Partners GP LLC (Age 52)
  • Mr. Alton G. Smith, VP of Operations at Shell Midstream Partners GP LLC (Age 58)
  • Ms. Lori M. Muratta, VP, Gen. Counsel & Sec. of Shell Midstream Partners GP LLC (Age 54)
  • Ms. Courtney Selinidis, Investor Relations Officer

Who are Shell Midstream Partners' major shareholders?

Shell Midstream Partners' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Tortoise Capital Advisors L.L.C. (9.28%), Alps Advisors Inc. (5.50%), Kayne Anderson Capital Advisors LP (4.07%), Chickasaw Capital Management LLC (2.62%), Energy Income Partners LLC (1.51%) and American Century Companies Inc. (1.33%). Company insiders that own Shell Midstream Partners stock include Curtis R Frasier, Margaret C Montana 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 Eagle Global Advisors LLC, Chickasaw Capital Management LLC, Cohen & Steers Inc., Bank of Montreal Can, Harvest Fund Advisors LLC, Zimmer Partners LP, Fort Washington Investment Advisors Inc. OH and Miller Howard Investments Inc. NY. View Insider Buying and Selling for Shell Midstream Partners.

Which major investors are buying Shell Midstream Partners stock?

SHLX stock was bought by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., Alps Advisors Inc., Wexford Capital LP, Energy Income Partners LLC, Citigroup Inc., Municipal Employees Retirement System of Michigan, CIBC Private Wealth Group LLC and Hsbc Holdings PLC. Company insiders that have bought Shell Midstream Partners stock in the last two years include Curtis R Frasier and Shawn J Carsten. View Insider Buying and Selling for Shell Midstream Partners.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Shell Midstream Partners' stock price today?

One share of SHLX stock can currently be purchased for approximately $19.58.

How big of a company is Shell Midstream Partners?

Shell Midstream Partners has a market capitalization of $4.38 billion and generates $524.70 million in revenue each year.

What is Shell Midstream Partners' official website?

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

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]


MarketBeat Community Rating for Shell Midstream Partners (NYSE SHLX)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  195 (Vote Outperform)
Underperform Votes:  257 (Vote Underperform)
Total Votes:  452
MarketBeat's community ratings are surveys of what our community members think about Shell Midstream Partners and other stocks. Vote "Outperform" if you believe SHLX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SHLX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/24/2019 by MarketBeat.com Staff

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