Shell Midstream Partners, L.P. (NYSE:SHLX) is set to post its quarterly earnings results before the market opens on Wednesday, November 1st. Analysts expect Shell Midstream Partners, L.P. to post earnings of $0.36 per share for the quarter.

Shell Midstream Partners, L.P. (NYSE:SHLX) last announced its quarterly earnings results on Thursday, August 3rd. The pipeline company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). The firm had revenue of $86.80 million for the quarter, compared to analysts’ expectations of $69.55 million. Shell Midstream Partners, L.P. had a net margin of 87.22% and a return on equity of 258.67%. The company’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 EPS. On average, analysts expect Shell Midstream Partners, L.P. to post $1.35 EPS for the current fiscal year and $1.61 EPS for the next fiscal year.

Shares of Shell Midstream Partners, L.P. (NYSE SHLX) opened at 26.48 on Wednesday. The stock has a market cap of $4.70 billion, a PE ratio of 21.48 and a beta of 1.17. The firm’s 50-day moving average is $27.67 and its 200 day moving average is $29.16. Shell Midstream Partners, L.P. has a 12 month low of $25.42 and a 12 month high of $34.17.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 14th will be given a dividend of $0.318 per share. This is a boost from Shell Midstream Partners, L.P.’s previous quarterly dividend of $0.30. The ex-dividend date is Monday, October 30th. This represents a $1.27 dividend on an annualized basis and a yield of 4.80%. Shell Midstream Partners, L.P.’s payout ratio is 98.39%.

An institutional investor recently raised its position in Shell Midstream Partners, L.P. stock. The Manufacturers Life Insurance Company lifted its stake in Shell Midstream Partners, L.P. (NYSE:SHLX) by 7.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,693 shares of the pipeline company’s stock after purchasing an additional 398 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Shell Midstream Partners, L.P. were worth $172,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 43.72% of the company’s stock.

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A number of research analysts have weighed in on SHLX shares. BidaskClub upgraded shares of Shell Midstream Partners, L.P. from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Stifel Nicolaus reiterated a “buy” rating and set a $30.00 price objective on shares of Shell Midstream Partners, L.P. in a research report on Friday, September 15th. Zacks Investment Research cut shares of Shell Midstream Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $41.00 price objective on shares of Shell Midstream Partners, L.P. in a research report on Monday, August 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $36.83.

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.

Earnings History for Shell Midstream Partners, L.P. (NYSE:SHLX)

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