Shell Midstream Partners (SHLX) Set to Announce Earnings on Wednesday

Shell Midstream Partners (NYSE:SHLX) is set to post its quarterly earnings results before the market opens on Wednesday, February 21st. Analysts expect Shell Midstream Partners to post earnings of $0.36 per share for the quarter.

Shell Midstream Partners (NYSE:SHLX) opened at $26.04 on Wednesday. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 42.36. The firm has a market capitalization of $5,731.82, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 1.25 and a beta of 1.02. Shell Midstream Partners has a 1 year low of $24.68 and a 1 year high of $34.17.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th will be given a dividend of $0.333 per share. This is an increase from Shell Midstream Partners’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.33 annualized dividend and a yield of 5.12%. Shell Midstream Partners’s dividend payout ratio (DPR) is presently 104.72%.

Several equities analysts have weighed in on the company. Stifel Nicolaus set a $30.00 price target on Shell Midstream Partners and gave the stock a “buy” rating in a research report on Thursday, November 30th. BidaskClub downgraded Shell Midstream Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Zacks Investment Research downgraded Shell Midstream Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price target on shares of Shell Midstream Partners in a research report on Friday, February 2nd. Finally, UBS Group dropped their price target on Shell Midstream Partners from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, November 17th. Two investment 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. Shell Midstream Partners has a consensus rating of “Hold” and a consensus target price of $33.43.

A hedge fund recently raised its stake in Shell Midstream Partners stock. The Manufacturers Life Insurance Company increased its holdings in Shell Midstream Partners LP (NYSE:SHLX) by 7.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 were worth $172,000 as of its most recent SEC filing. Institutional investors and hedge funds own 44.69% of the company’s stock.

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About Shell Midstream Partners

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 (NYSE:SHLX)

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