HighTower Advisors LLC lifted its holdings in shares of Shell Midstream Partners, L.P. (NYSE:SHLX) by 0.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 127,295 shares of the pipeline company’s stock after buying an additional 679 shares during the period. HighTower Advisors LLC owned about 0.07% of Shell Midstream Partners, L.P. worth $3,855,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Chickasaw Capital Management LLC raised its holdings in shares of Shell Midstream Partners, L.P. by 1.8% during the 2nd quarter. Chickasaw Capital Management LLC now owns 8,626,823 shares of the pipeline company’s stock worth $261,393,000 after buying an additional 153,936 shares in the last quarter. Alps Advisors Inc. raised its holdings in shares of Shell Midstream Partners, L.P. by 3.6% during the 2nd quarter. Alps Advisors Inc. now owns 6,485,097 shares of the pipeline company’s stock worth $196,498,000 after buying an additional 223,977 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Shell Midstream Partners, L.P. by 15.1% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,130,620 shares of the pipeline company’s stock worth $64,558,000 after buying an additional 280,018 shares in the last quarter. UBS Group AG raised its holdings in shares of Shell Midstream Partners, L.P. by 76.1% during the 1st quarter. UBS Group AG now owns 1,559,372 shares of the pipeline company’s stock worth $50,258,000 after buying an additional 673,623 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Shell Midstream Partners, L.P. by 3.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,490,591 shares of the pipeline company’s stock worth $45,165,000 after buying an additional 44,372 shares in the last quarter. 43.76% of the stock is owned by institutional investors.

Shares of Shell Midstream Partners, L.P. (SHLX) opened at 28.09 on Thursday. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 22.78 and a beta of 1.17. The company’s 50-day moving average price is $27.34 and its 200-day moving average price is $29.62. Shell Midstream Partners, L.P. has a 12 month low of $25.42 and a 12 month high of $34.17.

Shell Midstream Partners, L.P. (NYSE:SHLX) last released its quarterly earnings results on Thursday, August 3rd. The pipeline company reported $0.29 earnings per share 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 for the quarter, compared to analysts’ expectations of $69.55 million. During the same quarter in the previous year, the business earned $0.35 EPS. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. Analysts anticipate that Shell Midstream Partners, L.P. will post $1.36 EPS for the current year.

A number of research firms have recently commented on SHLX. Zacks Investment Research raised Shell Midstream Partners, L.P. from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. BidaskClub lowered Shell Midstream Partners, L.P. from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Royal Bank Of Canada restated 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. Finally, Stifel Nicolaus restated 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. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $36.83.

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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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Institutional Ownership by Quarter for Shell Midstream Partners, L.P. (NYSE:SHLX)

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