Shell Midstream Partners, L.P. (NYSE:SHLX) Director Margaret C. Montana sold 500 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $27.90, for a total transaction of $13,950.00. Following the completion of the transaction, the director now directly owns 13,030 shares in the company, valued at $363,537. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shell Midstream Partners, L.P. (SHLX) traded up 0.53% during trading on Thursday, reaching $28.25. 213,089 shares of the company were exchanged. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 22.91 and a beta of 1.17. The firm’s 50 day moving average price is $27.31 and its 200-day moving average price is $30.13. Shell Midstream Partners, L.P. has a one year low of $25.42 and a one year high of $34.17.

Shell Midstream Partners, L.P. (NYSE:SHLX) last announced its quarterly earnings data on Thursday, August 3rd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ 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 during the quarter, compared to the consensus estimate of $69.55 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The company’s revenue was up 22.1% on a year-over-year basis. On average, equities research analysts predict that Shell Midstream Partners, L.P. will post $1.36 earnings per share for the current year.

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A number of institutional investors have recently made changes to their positions in the stock. Chickasaw Capital Management LLC raised its stake in Shell Midstream Partners, L.P. by 1.8% in the 2nd quarter. Chickasaw Capital Management LLC now owns 8,626,823 shares of the pipeline company’s stock valued at $261,393,000 after acquiring an additional 153,936 shares during the period. Alps Advisors Inc. raised its stake in Shell Midstream Partners, L.P. by 3.6% in the 2nd quarter. Alps Advisors Inc. now owns 6,485,097 shares of the pipeline company’s stock valued at $196,498,000 after acquiring an additional 223,977 shares during the period. Goldman Sachs Group Inc. raised its stake in Shell Midstream Partners, L.P. by 1.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 4,249,453 shares of the pipeline company’s stock valued at $128,758,000 after acquiring an additional 73,184 shares during the period. OppenheimerFunds Inc. raised its stake in Shell Midstream Partners, L.P. by 20.4% in the 1st quarter. OppenheimerFunds Inc. now owns 3,565,333 shares of the pipeline company’s stock valued at $114,911,000 after acquiring an additional 604,158 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Shell Midstream Partners, L.P. by 15.1% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,130,620 shares of the pipeline company’s stock valued at $64,558,000 after acquiring an additional 280,018 shares during the period. Institutional investors and hedge funds own 46.02% of the company’s stock.

SHLX has been the topic of a number of recent research reports. BidaskClub lowered shares of Shell Midstream Partners, L.P. from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $36.00 price target on shares of Shell Midstream Partners, L.P. in a research report on Friday, July 14th. Zacks Investment Research lowered shares of Shell Midstream Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $41.00 price target on shares of Shell Midstream Partners, L.P. in a research report on Monday, August 21st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $37.83.

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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