Shell Midstream Partners, L.P. (SHLX) Shares Bought by Lucas Capital Management

Lucas Capital Management lifted its holdings in shares of Shell Midstream Partners, L.P. (NYSE:SHLX) by 4.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,342 shares of the pipeline company’s stock after purchasing an additional 2,041 shares during the quarter. Shell Midstream Partners, L.P. accounts for 1.3% of Lucas Capital Management’s holdings, making the stock its 26th largest position. Lucas Capital Management’s holdings in Shell Midstream Partners, L.P. were worth $1,402,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. increased its holdings in shares of Shell Midstream Partners, L.P. by 7.9% during the second quarter. PNC Financial Services Group Inc. now owns 120,886 shares of the pipeline company’s stock worth $3,663,000 after purchasing an additional 8,892 shares during the period. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Shell Midstream Partners, L.P. during the second quarter worth approximately $1,030,000. Blair William & Co. IL increased its holdings in shares of Shell Midstream Partners, L.P. by 1.1% during the second quarter. Blair William & Co. IL now owns 152,772 shares of the pipeline company’s stock worth $4,629,000 after purchasing an additional 1,615 shares during the period. Johnson Financial Group LLC bought a new position in shares of Shell Midstream Partners, L.P. during the second quarter worth approximately $218,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Shell Midstream Partners, L.P. by 15.1% during the second 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 purchasing an additional 280,018 shares during the period. 47.09% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on SHLX shares. BidaskClub cut shares of Shell Midstream Partners, L.P. from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Zacks Investment Research lowered shares of Shell Midstream Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada reiterated a “buy” rating and set a $41.00 price target on shares of Shell Midstream Partners, L.P. in a research report on Monday, August 21st. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $30.00 price target on shares of Shell Midstream Partners, L.P. in a research report on Friday, September 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Shell Midstream Partners, L.P. presently has a consensus rating of “Hold” and an average price target of $35.00.

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Shell Midstream Partners, L.P. (SHLX) traded down $0.29 during midday trading on Monday, hitting $27.02. 256,500 shares of the company traded hands, compared to its average volume of 359,870. The company has a debt-to-equity ratio of 42.36, a current ratio of 3.36 and a quick ratio of 3.36. The firm has a market cap of $4,940.00, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 1.67 and a beta of 1.12. Shell Midstream Partners, L.P. has a twelve month low of $24.68 and a twelve month high of $34.17.

Shell Midstream Partners, L.P. (NYSE:SHLX) last posted its quarterly earnings results on Friday, November 3rd. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.05). The firm had revenue of $94.40 million for the quarter, compared to analyst estimates of $86.36 million. Shell Midstream Partners, L.P. had a return on equity of 3,826.80% and a net margin of 85.14%. The business’s revenue was up 39.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.28 EPS. equities research analysts predict that Shell Midstream Partners, L.P. will post 1.25 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Tuesday, November 14th will be given a dividend of $0.318 per share. This is a positive change from Shell Midstream Partners, L.P.’s previous quarterly dividend of $0.30. The ex-dividend date is Monday, October 30th. This represents a $1.27 annualized dividend and a dividend yield of 4.71%. Shell Midstream Partners, L.P.’s dividend payout ratio (DPR) is currently 100.79%.

Shell Midstream Partners, L.P. 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.

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

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