Shell Midstream Partners LP (NYSE:SHLX) insider Lori M. Muratta bought 960 shares of the business’s stock in a transaction on Friday, November 11th. The stock was bought at an average price of $25.99 per share, for a total transaction of $24,950.40. Following the purchase, the insider now directly owns 2,960 shares of the company’s stock, valued at $76,930.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Shell Midstream Partners LP (NYSE:SHLX) traded down 0.08% during midday trading on Friday, reaching $26.10. The company had a trading volume of 41,991 shares. The stock has a market capitalization of $4.63 billion, a PE ratio of 19.55 and a beta of 1.21. Shell Midstream Partners LP has a 52-week low of $25.42 and a 52-week high of $42.29. The company’s 50 day moving average price is $28.26 and its 200 day moving average price is $31.45.

Shell Midstream Partners (NYSE:SHLX) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by $0.09. The firm had revenue of $67.90 million for the quarter, compared to analysts’ expectations of $78.62 million. Shell Midstream Partners had a return on equity of 56.13% and a net margin of 77.39%. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 EPS. Equities research analysts expect that Shell Midstream Partners LP will post $1.40 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Monday, October 31st were paid a $0.264 dividend. The ex-dividend date of this dividend was Thursday, October 27th. This is an increase from Shell Midstream Partners’s previous quarterly dividend of $0.25. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.04%. Shell Midstream Partners’s payout ratio is 78.95%.

Hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company acquired a new stake in Shell Midstream Partners during the third quarter worth $147,000. Balentine LLC acquired a new stake in Shell Midstream Partners during the second quarter worth $156,000. Quantbot Technologies LP increased its stake in Shell Midstream Partners by 55.2% in the second quarter. Quantbot Technologies LP now owns 5,570 shares of the company’s stock worth $188,000 after buying an additional 1,981 shares during the period. Linscomb & Williams Inc. increased its stake in Shell Midstream Partners by 3.3% in the second quarter. Linscomb & Williams Inc. now owns 6,417 shares of the company’s stock worth $217,000 after buying an additional 206 shares during the period. Finally, M&T Bank Corp increased its stake in Shell Midstream Partners by 5.8% in the second quarter. M&T Bank Corp now owns 6,612 shares of the company’s stock worth $223,000 after buying an additional 360 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Several research firms have issued reports on SHLX. RBC Capital Markets cut their target price on Shell Midstream Partners from $47.00 to $41.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 9th. Royal Bank Of Canada dropped their price target on Shell Midstream Partners from $47.00 to $41.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 9th. Barclays PLC restated an “equal weight” rating and set a $29.00 price target (down previously from $39.00) on shares of Shell Midstream Partners in a research note on Wednesday, November 9th. UBS AG restated a “buy” rating and set a $47.00 price target (down previously from $49.00) on shares of Shell Midstream Partners in a research note on Tuesday, November 8th. Finally, Mizuho assumed coverage on Shell Midstream Partners in a research note on Thursday, September 29th. They set a “buy” rating and a $37.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $39.44.

Shell Midstream Partners Company Profile

Shell Midstream Partners, L.P. is a master limited partnership company formed to own, operate, develop and acquire pipelines and other midstream assets. The Company has interests in approximately four crude oil pipeline systems, approximately two refined products systems and a crude tank storage and terminal system.

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