Shell Midstream Partners LP (NYSE:SHLX) saw unusually large options trading on Monday. Stock investors purchased 2,421 put options on the stock. This is an increase of approximately 935% compared to the typical daily volume of 234 put options.
SHLX has been the topic of a number of research reports. Citigroup reissued a “buy” rating and set a $32.00 price target (down previously from $36.50) on shares of Shell Midstream Partners in a report on Monday, November 20th. Zacks Investment Research raised Shell Midstream Partners from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. BidaskClub raised Shell Midstream Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 7th. Morgan Stanley lowered their price target on Shell Midstream Partners from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Friday, November 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price target on shares of Shell Midstream Partners in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $33.43.
Shell Midstream Partners (NYSE:SHLX) opened at $25.44 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. Shell Midstream Partners has a twelve month low of $24.68 and a twelve month high of $34.17. The stock has a market capitalization of $5,700.49, a PE ratio of 20.03, a P/E/G ratio of 1.24 and a beta of 1.02.
A number of large investors have recently made changes to their positions in the stock. Brookfield Asset Management Inc. acquired a new stake in Shell Midstream Partners in the fourth quarter valued at about $1,686,000. Westwood Holdings Group Inc. lifted its position in Shell Midstream Partners by 5.1% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,113,257 shares of the pipeline company’s stock valued at $63,017,000 after purchasing an additional 102,745 shares during the period. Cypress Wealth Advisors LLC acquired a new stake in Shell Midstream Partners in the fourth quarter valued at about $3,036,000. Jane Street Group LLC acquired a new stake in Shell Midstream Partners in the fourth quarter valued at about $247,000. Finally, NBW Capital LLC lifted its position in Shell Midstream Partners by 11.6% in the fourth quarter. NBW Capital LLC now owns 272,210 shares of the pipeline company’s stock valued at $8,117,000 after purchasing an additional 28,241 shares during the period. Hedge funds and other institutional investors own 45.10% of the company’s stock.
Shell Midstream Partners 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.
Receive News & Ratings for Shell Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shell Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.