Shell Midstream Partners Target of Unusually High Options Trading (SHLX)

Shell Midstream Partners LP (NYSE:SHLX) saw unusually large options trading activity on Monday. Investors bought 2,077 put options on the stock. This represents an increase of approximately 1,575% compared to the average volume of 124 put options.

A number of large investors have recently bought and sold shares of SHLX. Tortoise Capital Advisors L.L.C. grew its stake in Shell Midstream Partners by 109.8% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 20,435,426 shares of the pipeline company’s stock valued at $568,922,000 after buying an additional 10,695,678 shares during the last quarter. Alps Advisors Inc. lifted its holdings in shares of Shell Midstream Partners by 14.4% during the 4th quarter. Alps Advisors Inc. now owns 8,254,680 shares of the pipeline company’s stock worth $246,155,000 after acquiring an additional 1,036,262 shares during the period. Chickasaw Capital Management LLC lifted its holdings in shares of Shell Midstream Partners by 5.6% during the 4th quarter. Chickasaw Capital Management LLC now owns 9,301,433 shares of the pipeline company’s stock worth $277,369,000 after acquiring an additional 489,186 shares during the period. ING Groep NV lifted its holdings in shares of Shell Midstream Partners by 533.7% during the 3rd quarter. ING Groep NV now owns 554,496 shares of the pipeline company’s stock worth $15,437,000 after acquiring an additional 467,000 shares during the period. Finally, Atlantic Trust Group LLC lifted its holdings in shares of Shell Midstream Partners by 40.2% during the 3rd quarter. Atlantic Trust Group LLC now owns 1,444,767 shares of the pipeline company’s stock worth $40,223,000 after acquiring an additional 414,216 shares during the period. Institutional investors and hedge funds own 53.01% of the company’s stock.

Several brokerages have recently commented on SHLX. Zacks Investment Research lowered shares of Shell Midstream Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, January 17th. Stifel Nicolaus set a $30.00 price target on shares of Shell Midstream Partners and gave the stock a “buy” rating in a research note on Thursday, November 30th. BidaskClub lowered shares of Shell Midstream Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 target price on shares of Shell Midstream Partners in a research note on Friday, February 2nd. Finally, UBS Group lowered their target price on shares of Shell Midstream Partners from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, November 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $33.43.

Shell Midstream Partners (NYSE:SHLX) opened at $26.57 on Thursday. Shell Midstream Partners has a 12 month low of $24.68 and a 12 month high of $34.17. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 42.36. The stock has a market cap of $4,990.00, a price-to-earnings ratio of 21.09, a P/E/G ratio of 1.30 and a beta of 1.02.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Monday, February 5th will be paid a $0.333 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This is a positive change from Shell Midstream Partners’s previous quarterly dividend of $0.32. This represents a $1.33 dividend on an annualized basis and a yield of 5.01%. Shell Midstream Partners’s dividend payout ratio (DPR) is presently 105.56%.

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Shell Midstream Partners 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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