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 Friday, January 24th. Investors of record on Monday, February 3rd will be paid a dividend of $0.46 per share on Friday, February 14th. This represents a $1.84 annualized dividend and a yield of 9.98%. The ex-dividend date is Friday, January 31st. This is a boost from Shell Midstream Partners's previous quarterly dividend of $0.45. View Shell Midstream Partners' Dividend History.

Shell Midstream Partners LP (NYSE:SHLX) released its earnings results on Thursday, February, 20th. The pipeline company reported $0.37 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.43 by $0.06. The pipeline company had revenue of $126 million for the quarter, compared to analyst estimates of $121.47 million. Shell Midstream Partners had a negative return on equity of 104.00% and a net margin of 101.89%. The firm's quarterly revenue was down 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 EPS. View Shell Midstream Partners' Earnings History.

Shell Midstream Partners is scheduled to release their next quarterly earnings announcement on Thursday, May 7th 2020. View Earnings Estimates for Shell Midstream Partners.

6 equities research analysts have issued 1 year target prices for Shell Midstream Partners' shares. Their forecasts range from $17.00 to $22.00. On average, they anticipate Shell Midstream Partners' share price to reach $20.17 in the next year. This suggests a possible upside of 9.4% from the stock's current price. 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 stories about SHLX stock have been trending negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Shell Midstream Partners earned a news sentiment score of -2.4 on InfoTrie's scale. They also gave media coverage about the pipeline company a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an impact on the company's share price in the near term. View News Stories for Shell Midstream Partners.

Shell Midstream Partners saw a decline in short interest in the month of January. As of January 31st, there was short interest totalling 2,220,000 shares, a decline of 14.9% from the January 15th total of 2,610,000 shares. Based on an average daily volume of 805,500 shares, the short-interest ratio is currently 2.8 days. Approximately 1.8% 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 Phillips 66 Partners (PSXP), Magellan Midstream Partners (MMP), 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), IBM (IBM), Mplx (MPLX), Plains All American Pipeline (PAA), Royal Dutch Shell (RDS.A), Verizon Communications (VZ), Chatham Lodging Trust (CLDT) and Kinder Morgan (KMI).

Shell Midstream Partners' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Tortoise Capital Advisors L.L.C. (9.12%), Tortoise Capital Advisors L.L.C. (9.12%), Alps Advisors Inc. (6.36%), Kayne Anderson Capital Advisors LP (4.18%), Goldman Sachs Group Inc. (3.43%) and Chickasaw Capital Management LLC (2.21%). 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 Tortoise Capital Advisors L.L.C., Tortoise Capital Advisors L.L.C., Goldman Sachs Group Inc., CIBC Private Wealth Group LLC, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, UBS Group AG, Kayne Anderson Capital Advisors LP and Chickasaw Capital Management LLC. View Insider Buying and Selling for Shell Midstream Partners.

SHLX stock was purchased by a variety of institutional investors in the last quarter, including Eagle Global Advisors LLC, Bank of Montreal Can, Adams Asset Advisors LLC, Sumitomo Mitsui Trust Holdings Inc., Renaissance Technologies LLC, California Public Employees Retirement System, Teacher Retirement System of Texas and Virtus ETF Advisers 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 $18.43.

Shell Midstream Partners has a market capitalization of $4.30 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]