Shell Midstream Partners (NYSE:SHLX) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Shell Midstream Partners (NYSE:SHLXGet Rating) in a research note published on Monday morning. The firm issued a hold rating on the pipeline company’s stock.

Separately, Mizuho boosted their price objective on shares of Shell Midstream Partners from $14.00 to $16.00 and gave the company a neutral rating in a research note on Monday, August 1st. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, Shell Midstream Partners currently has a consensus rating of Hold and a consensus target price of $13.75.

Shell Midstream Partners Stock Performance

Shares of SHLX stock opened at $15.82 on Monday. The company has a debt-to-equity ratio of 3.74, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 13.07 and a beta of 1.24. Shell Midstream Partners has a one year low of $10.76 and a one year high of $16.08. The company has a 50 day moving average price of $15.82 and a 200 day moving average price of $15.16.

Institutional Investors Weigh In On Shell Midstream Partners

Several large investors have recently made changes to their positions in the business. Ahrens Investment Partners LLC purchased a new stake in Shell Midstream Partners during the 2nd quarter worth $42,000. Tower Research Capital LLC TRC acquired a new position in shares of Shell Midstream Partners during the third quarter worth about $46,000. Cypress Capital Management LLC WY purchased a new stake in shares of Shell Midstream Partners in the second quarter worth about $58,000. FNY Investment Advisers LLC acquired a new stake in shares of Shell Midstream Partners in the second quarter valued at about $70,000. Finally, Selective Wealth Management Inc. raised its holdings in shares of Shell Midstream Partners by 66.7% during the 2nd quarter. Selective Wealth Management Inc. now owns 5,000 shares of the pipeline company’s stock valued at $70,000 after buying an additional 2,000 shares during the period.

Shell Midstream Partners Company Profile

(Get Rating)

Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream, and logistics assets in the United States. It owns interests in crude oil and refined products pipelines and terminals to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets.

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Analyst Recommendations for Shell Midstream Partners (NYSE:SHLX)

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