Shell Midstream Partners, L.P. (NYSE:SHLX – Get Rating) has received an average rating of "Hold" from the seven research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $13.75.
Separately, Mizuho increased their target price on Shell Midstream Partners from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Monday, August 1st.
Get Shell Midstream Partners alerts:Shell Midstream Partners Price Performance
SHLX stock opened at $15.80 on Tuesday. Shell Midstream Partners has a fifty-two week low of $10.76 and a fifty-two week high of $16.08. The business's 50-day moving average is $15.67 and its two-hundred day moving average is $14.65. The company has a debt-to-equity ratio of 3.74, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 13.06 and a beta of 1.32.
Shell Midstream Partners (NYSE:SHLX – Get Rating) last posted its earnings results on Thursday, July 28th. The pipeline company reported $0.33 earnings per share for the quarter. Shell Midstream Partners had a return on equity of 98.64% and a net margin of 97.11%. The company had revenue of $149.00 million for the quarter, compared to the consensus estimate of $132.81 million. During the same quarter in the prior year, the company earned $0.36 earnings per share. Shell Midstream Partners's revenue was up 10.4% on a year-over-year basis. As a group, analysts forecast that Shell Midstream Partners will post 1.52 earnings per share for the current year.Shell Midstream Partners Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Tuesday, August 2nd were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 7.59%. The ex-dividend date was Monday, August 1st. Shell Midstream Partners's dividend payout ratio (DPR) is currently 99.17%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC bought a new stake in Shell Midstream Partners during the 2nd quarter valued at approximately $70,000. GSA Capital Partners LLP bought a new stake in Shell Midstream Partners during the 4th quarter valued at approximately $1,396,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Shell Midstream Partners by 24.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,603,811 shares of the pipeline company's stock valued at $79,686,000 after purchasing an additional 1,098,074 shares during the period. Miller Howard Investments Inc. NY raised its stake in Shell Midstream Partners by 29.4% during the 1st quarter. Miller Howard Investments Inc. NY now owns 709,232 shares of the pipeline company's stock valued at $10,085,000 after purchasing an additional 161,335 shares during the period. Finally, HighTower Advisors LLC raised its stake in Shell Midstream Partners by 1.1% during the 1st quarter. HighTower Advisors LLC now owns 136,608 shares of the pipeline company's stock valued at $1,944,000 after purchasing an additional 1,450 shares during the period.
Shell Midstream Partners Company Profile
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Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream, and logistics 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.
Further Reading
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