Shell Midstream Partners (SHLX) Stock Forecast, Price & News

Shell Midstream Partners (NYSE:SHLX) Frequently Asked Questions

Is Shell Midstream Partners a buy right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shell Midstream Partners in the last twelve months. There are currently 1 sell rating and 5 hold ratings for the stock. The consensus among Wall Street 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.

Are investors shorting Shell Midstream Partners?

Shell Midstream Partners saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 6,000,000 shares, a decline of 19.2% from the April 15th total of 7,430,000 shares. Based on an average daily volume of 1,830,000 shares, the days-to-cover ratio is currently 3.3 days. Approximately 4.9% of the company's shares 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 29th 2022.
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 data on Thursday, April, 28th. The pipeline company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.38 by $0.02. The pipeline company had revenue of $135 million for the quarter, compared to analyst estimates of $134.86 million. Shell Midstream Partners had a net margin of 99.82% and a trailing twelve-month return on equity of 102.13%. The company's revenue was down 2.9% compared to the same quarter last year. During the same period last year, the company posted $0.37 EPS.
View Shell Midstream Partners' earnings history.

How often does Shell Midstream Partners pay dividends? What is the dividend yield for Shell Midstream Partners?

Shell Midstream Partners declared a quarterly dividend on Friday, April 22nd. Shareholders of record on Tuesday, May 3rd will be given a dividend of $0.30 per share on Friday, May 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.61%. The ex-dividend date of this dividend is Monday, May 2nd.
View Shell Midstream Partners' dividend history.

Is Shell Midstream Partners a good dividend stock?

Shell Midstream Partners pays an annual dividend of $1.20 per share and currently has a dividend yield of 8.69%. SHLX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Shell Midstream Partners is 96.77%. 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 77.42% 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?

6 brokers have issued 1-year price targets for Shell Midstream Partners' shares. Their forecasts range from $13.00 to $14.00. On average, they anticipate Shell Midstream Partners' share price to reach $13.25 in the next twelve months. This suggests that the stock has a possible downside of 4.9%.
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 46) (LinkedIn Profile)
• Mr. Shawn J. Carsten, CFO, VP & Director of Shell Midstream Partners GP LLC (Age 55)
• Mr. Gregory T. Mouras, VP of Operations of Shell Midstream Partners GP LLC (Age 42)
• Ms. Lori M. Muratta, VP, Gen. Counsel & Sec. of Shell Midstream Partners GP LLC (Age 57)
• Ms. Courtney Selinidis, Investor Relations Officer
• Mr. Ernest J. Stutzman, Treasurer
• Mr. James E. Fullen, Controller
• Jamie Parker, Investor Relations Officer

Who are some of Shell Midstream Partners' key competitors?

Some companies that are related to Shell Midstream Partners include HF Sinclair (DINO), Magellan Midstream Partners (MMP), Plains All American Pipeline (PAA), Delek Logistics Partners (DKL), Holly Energy Partners (HEP), Plains GP (PAGP), NuStar Energy (NS), PBF Logistics (PBFX), Blueknight Energy Partners (BKEP) and Genesis Energy (GEL).
View all of SHLX's 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 (ET), Enterprise Products Partners (EPD), EnLink Midstream (ENLC), Golar LNG Partners (GMLP), DHT (DHT), OrganiGram (OGI), Washington Prime Group (WPG), New Residential Investment (NRZ), Gran Tierra Energy (GTE) and Pennsylvania Real Estate Investment Trust (PEI).

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 retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (2.26%), Goldman Sachs Group Inc. (1.56%), Mirae Asset Global Investments Co. Ltd. (1.42%), Chickasaw Capital Management LLC (1.08%), Citigroup Inc. (0.74%) and Bank of Montreal Can (0.42%). Company insiders that own Shell Midstream Partners stock include Sean Guillory and Steven Ledbetter.
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 Evergreen Capital Management LLC, Chickasaw Capital Management LLC, Arrowstreet Capital Limited Partnership, Clearbridge Investments LLC, UBS Group AG, First Trust Advisors LP, Blackstone Inc., and BNP Paribas Arbitrage SA.
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 acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Goldman Sachs Group Inc., Citigroup Inc., Mirae Asset Global Investments Co. Ltd., Bank of Montreal Can, Eagle Global Advisors LLC, Fractal Investments LLC, and Invesco Ltd.. Company insiders that have bought Shell Midstream Partners stock in the last two years include Sean Guillory, and Steven Ledbetter.
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.
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What is Shell Midstream Partners' stock price today?

One share of SHLX stock can currently be purchased for approximately $13.93.

How much money does Shell Midstream Partners make?

Shell Midstream Partners has a market capitalization of $5.43 billion and generates $556 million in revenue each year. The pipeline company earns $556 million in net income (profit) each year or $1.24 on an earnings per share basis.

How many employees does Shell Midstream Partners have?

Shell Midstream Partners employs 2,020 workers across the globe.

What is Shell Midstream Partners' official website?

The official website for Shell Midstream Partners is 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].