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

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, July 25th. Shareholders of record on Monday, August 5th will be paid a dividend of $0.43 per share on Wednesday, August 14th. This represents a $1.72 dividend on an annualized basis and a yield of 8.20%. The ex-dividend date is Friday, August 2nd. View Shell Midstream Partners' Dividend History.

Shell Midstream Partners LP (NYSE:SHLX) announced its quarterly earnings results on Thursday, August, 1st. The pipeline company reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.40 by $0.02. The pipeline company had revenue of $121 million for the quarter, compared to analysts' expectations of $119.43 million. Shell Midstream Partners had a negative return on equity of 137.43% and a net margin of 97.92%. The firm's quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the business posted $0.35 earnings per share. View Shell Midstream Partners' Earnings History.

Shell Midstream Partners is scheduled to release their next quarterly earnings announcement on Thursday, November 7th 2019. View Earnings Estimates for Shell Midstream Partners.

8 equities research analysts have issued twelve-month target prices for Shell Midstream Partners' stock. Their forecasts range from $17.00 to $25.00. On average, they anticipate Shell Midstream Partners' stock price to reach $21.14 in the next year. This suggests a possible upside of 0.8% from the stock's current price. View Analyst Price Targets for Shell Midstream Partners.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shell Midstream Partners in the last year. There are currently 4 sell ratings, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Shell Midstream Partners.

News coverage about SHLX stock has trended neutral on Friday, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Shell Midstream Partners earned a news impact score of 0.2 on InfoTrie's scale. They also assigned press coverage about the pipeline company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Shell Midstream Partners.

Shell Midstream Partners saw a increase in short interest in September. As of September 30th, there was short interest totalling 5,430,000 shares, an increase of 17.8% from the August 30th total of 4,610,000 shares. Based on an average trading volume of 842,000 shares, the short-interest ratio is currently 6.4 days. Currently, 4.4% of the shares of the stock are sold short. View Shell Midstream Partners' Current Options Chain.

Some companies that are related to Shell Midstream Partners include Magellan Midstream Partners (MMP), Plains All American Pipeline (PAA), Andeavor Logistics (ANDX), Phillips 66 Partners (PSXP), 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), Royal Dutch Shell (RDS.A), Hawkins (HWKN), Plains All American Pipeline (PAA), Chatham Lodging Trust (CLDT), Energy Transfer Equity LP Unit (ETE), Kinder Morgan (KMI) and Blackstone Group (BX).

Shell Midstream Partners' stock is owned by many different of institutional and retail investors. Top institutional investors include Chickasaw Capital Management LLC (2.30%), CIBC Private Wealth Group LLC (0.54%), Miller Howard Investments Inc. NY (0.45%), Spirit of America Management Corp NY (0.28%), Diversified Trust Co (0.01%) and Nwam LLC (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 CIBC Private Wealth Group LLC, Miller Howard Investments Inc. NY, Chickasaw Capital Management LLC and Diversified Trust Co. View Insider Buying and Selling for Shell Midstream Partners.

SHLX stock was acquired by a variety of institutional investors in the last quarter, including Spirit of America Management Corp NY, Nwam LLC and MHI Funds LLC. 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.

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 $20.98.

Shell Midstream Partners has a market capitalization of $4.89 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]