Equities analysts expect Shell Midstream Partners, L.P. (NYSE:SHLX) to post $0.35 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Shell Midstream Partners, L.P.’s earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.40. Shell Midstream Partners, L.P. posted earnings of $0.28 per share during the same quarter last year, which would suggest a positive year over year growth rate of 25%. The company is scheduled to report its next earnings report on Thursday, November 2nd.

According to Zacks, analysts expect that Shell Midstream Partners, L.P. will report full-year earnings of $1.38 per share for the current financial year, with EPS estimates ranging from $1.32 to $1.48. For the next financial year, analysts anticipate that the business will post earnings of $1.58 per share, with EPS estimates ranging from $1.34 to $1.79. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Shell Midstream Partners, L.P..

Shell Midstream Partners, L.P. (NYSE:SHLX) last issued its quarterly earnings results on Thursday, August 3rd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.02. Shell Midstream Partners, L.P. had a net margin of 87.22% and a return on equity of 258.67%. The firm had revenue of $86.80 million for the quarter, compared to the consensus estimate of $69.55 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The company’s revenue was up 22.1% on a year-over-year basis.

Several research analysts have weighed in on the stock. BidaskClub raised shares of Shell Midstream Partners, L.P. from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Zacks Investment Research raised shares of Shell Midstream Partners, L.P. from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Stifel Nicolaus reissued a “buy” rating and issued a $36.00 price target on shares of Shell Midstream Partners, L.P. in a report on Friday, July 14th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $41.00 price target on shares of Shell Midstream Partners, L.P. in a report on Monday, August 21st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $37.83.

Shell Midstream Partners, L.P. (SHLX) opened at 27.65 on Friday. Shell Midstream Partners, L.P. has a 52 week low of $25.42 and a 52 week high of $34.17. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 22.42 and a beta of 1.17. The company’s 50-day moving average price is $27.41 and its 200 day moving average price is $30.25.

The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, July 31st were issued a $0.3041 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $1.22 annualized dividend and a yield of 4.40%. Shell Midstream Partners, L.P.’s dividend payout ratio is currently 98.39%.

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Several institutional investors and hedge funds have recently made changes to their positions in SHLX. First Trust Advisors LP increased its holdings in shares of Shell Midstream Partners, L.P. by 14.9% during the first quarter. First Trust Advisors LP now owns 162,815 shares of the pipeline company’s stock worth $5,248,000 after purchasing an additional 21,083 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Shell Midstream Partners, L.P. by 39.5% during the first quarter. Bank of New York Mellon Corp now owns 10,117 shares of the pipeline company’s stock worth $326,000 after purchasing an additional 2,864 shares during the period. BNP Paribas Arbitrage SA bought a new position in shares of Shell Midstream Partners, L.P. during the first quarter worth approximately $239,000. Ameriprise Financial Inc. increased its holdings in shares of Shell Midstream Partners, L.P. by 1.2% during the first quarter. Ameriprise Financial Inc. now owns 102,296 shares of the pipeline company’s stock worth $3,297,000 after purchasing an additional 1,226 shares during the period. Finally, Keybank National Association OH increased its holdings in shares of Shell Midstream Partners, L.P. by 13.5% during the first quarter. Keybank National Association OH now owns 13,425 shares of the pipeline company’s stock worth $433,000 after purchasing an additional 1,595 shares during the period. 46.02% of the stock is currently owned by institutional investors.

Shell Midstream Partners, L.P. Company Profile

Shell Midstream Partners, L.P. is a master limited partnership company, which owns, operates, develops and acquires pipelines and other midstream assets. The Company conducts its operations through its subsidiary, Shell Midstream Operating, LLC. Its assets consist of interests in entities that own crude oil and refined products pipelines serving as key infrastructure to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets and to deliver refined products from those markets to demand centers.

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