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S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
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NYSE:SHLX

Shell Midstream Partners Stock Forecast, Price & News

$10.95
-0.34 (-3.01 %)
(As of 02/26/2021 12:00 AM ET)
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Today's Range
$10.93
Now: $10.95
$11.42
50-Day Range
$10.62
MA: $11.28
$11.79
52-Week Range
$5.70
Now: $10.95
$17.55
Volume2.90 million shs
Average Volume1.73 million shs
Market Capitalization$4.31 billion
P/E Ratio8.11
Dividend Yield16.30%
Beta1.74
Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream assets in the United States. It owns interests in crude oil and refined products pipelines and terminals to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets. The company stores and transports crude oil, refined, natural gas, and refinery gas products for various customers, including shippers, producers, refiners, marketers, and traders, as well as to other crude oil and refined products pipelines through its pipelines and storage tanks. Shell Midstream Partners GP LLC serves as the general partner of Shell Midstream Partners, L.P. The company was founded in 2014 and is headquartered in Houston, Texas.
Shell Midstream Partners logo

Industry, Sector and Symbol

Industry Pipelines, except natural gas
Sub-IndustryN/A
CUSIPN/A
Phone832-337-2034
EmployeesN/A
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$503 million
Cash Flow$2.05 per share
Book Value($3.21) per share

Profitability

Net Income$528 million

Miscellaneous

Market Cap$4.31 billion
Next Earnings Date5/6/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.65 out of 5 stars

Oils/Energy Sector

93rd out of 664 stocks

Pipelines, Except Natural Gas Industry

10th out of 19 stocks

Analyst Opinion: 2.0Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -
$10.95
-0.34 (-3.01 %)
(As of 02/26/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Shell Midstream Partners (NYSE:SHLX) Frequently Asked Questions

Is Shell Midstream Partners a buy right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shell Midstream Partners in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research 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.

What stocks does MarketBeat like better than Shell Midstream Partners?

Wall Street analysts have given Shell Midstream Partners a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Shell Midstream Partners wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Shell Midstream Partners?

Shell Midstream Partners saw a drop in short interest in the month of January. As of January 29th, there was short interest totaling 4,020,000 shares, a drop of 19.9% from the January 14th total of 5,020,000 shares. Based on an average daily volume of 1,600,000 shares, the days-to-cover ratio is presently 2.5 days. Currently, 3.4% of the shares of the stock 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 Thursday, May 6th 2021.
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 earnings results on Thursday, February, 18th. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.33 by $0.04. The pipeline company had revenue of $130 million for the quarter, compared to analyst estimates of $118.22 million. Shell Midstream Partners had a net margin of 104.82% and a negative trailing twelve-month return on equity of 1,010.10%. The company's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.37 EPS.
View Shell Midstream Partners' earnings history
.

How has Shell Midstream Partners' stock been impacted by COVID-19?

Shell Midstream Partners' stock was trading at $12.22 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SHLX stock has decreased by 10.4% and is now trading at $10.95.
View which stocks have been most impacted by COVID-19
.

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 Thursday, January 21st. Shareholders of record on Tuesday, February 2nd will be given a dividend of $0.46 per share on Friday, February 12th. This represents a $1.84 dividend on an annualized basis and a yield of 16.80%. The ex-dividend date is Monday, February 1st.
View Shell Midstream Partners' dividend history
.

Is Shell Midstream Partners a good dividend stock?

Shell Midstream Partners pays an annual dividend of $1.84 per share and currently has a dividend yield of 16.30%. SHLX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Shell Midstream Partners does not yet have a strock track record of dividend growth. The dividend payout ratio of Shell Midstream Partners is 110.18%. 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 124.32% 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?

8 equities research analysts have issued twelve-month price targets for Shell Midstream Partners' shares. Their forecasts range from $11.00 to $17.00. On average, they anticipate Shell Midstream Partners' stock price to reach $13.38 in the next year. This suggests a possible upside of 22.1% from the stock's current price.
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. Kevin M. Nichols, Pres, CEO & Director of Shell Midstream Partners GP LLC (Age 53)
  • Mr. Shawn J. Carsten, CFO, VP & Director of Shell Midstream Partners GP LLC (Age 54)
  • Ms. Lori M. Muratta, VP, Gen. Counsel & Sec. of Shell Midstream Partners GP LLC (Age 56)
  • Mr. Steven C. Ledbetter, VP of Commercial - Shell Midstream Partners GP LLC (Age 45)
  • Ms. Jesse C.H. Stanley, VP of Operations at Shell Midstream Partners GP LLC (Age 36)
  • 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?

What other stocks do shareholders of Shell Midstream Partners own?

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 many different institutional and retail investors. Top institutional shareholders include Chickasaw Capital Management LLC (2.38%), JPMorgan Chase & Co. (1.68%), Wells Fargo & Company MN (0.94%), Morgan Stanley (0.91%), Kayne Anderson Capital Advisors LP (0.87%) and Clearbridge Investments LLC (0.41%). Company insiders that own Shell Midstream Partners stock include Lori M Muratta, Pipeline Co Lp Shell, Rob L Jones and Shawn J Carsten.
View institutional ownership trends for Shell Midstream Partners
.

Which institutional investors are selling Shell Midstream Partners stock?

SHLX stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Citigroup Inc., Kayne Anderson Capital Advisors LP, Barclays PLC, Spirit of America Management Corp NY, Wells Fargo & Company MN, Miller Howard Investments Inc. NY, and NBW Capital LLC.
View insider buying and selling activity for Shell Midstream Partners
or view top insider-selling stocks.

Which institutional investors are buying Shell Midstream Partners stock?

SHLX stock was acquired by a variety of institutional investors in the last quarter, including Infrastructure Capital Advisors LLC, First Trust Advisors LP, JPMorgan Chase & Co., Virtus ETF Advisers LLC, Arrow Investment Advisors LLC, Great Valley Advisor Group Inc., Lucas Capital Management, and Cerity Partners LLC. Company insiders that have bought Shell Midstream Partners stock in the last two years include Lori M Muratta, Pipeline Co Lp Shell, Rob L Jones, and Shawn J Carsten.
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.
Compare Top Brokerages Here.

What is Shell Midstream Partners' stock price today?

One share of SHLX stock can currently be purchased for approximately $10.95.

How much money does Shell Midstream Partners make?

Shell Midstream Partners has a market capitalization of $4.31 billion and generates $503 million in revenue each year. The pipeline company earns $528 million in net income (profit) each year or $1.67 on an earnings per share basis.

What is Shell Midstream Partners' official website?

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

Where are Shell Midstream Partners' headquarters?

Shell Midstream Partners is headquartered at 150 N. DAIRY ASHFORD, HOUSTON TX, 77079.

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]


This page was last updated on 2/27/2021 by MarketBeat.com Staff

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