Shell Midstream Partners, L.P. (SHLX) Holdings Maintained by Balentine LLC

Balentine LLC held its position in shares of Shell Midstream Partners, L.P. (NYSE:SHLX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,742 shares of the pipeline company’s stock at the end of the 2nd quarter. Balentine LLC’s holdings in Shell Midstream Partners, L.P. were worth $144,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its position in shares of Shell Midstream Partners, L.P. by 1.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,626 shares of the pipeline company’s stock worth $149,000 after buying an additional 63 shares in the last quarter. Paragon Capital Management Ltd lifted its holdings in Shell Midstream Partners, L.P. by 0.9% in the 2nd quarter. Paragon Capital Management Ltd now owns 11,800 shares of the pipeline company’s stock valued at $358,000 after purchasing an additional 105 shares in the last quarter. CNH Partners LLC lifted its holdings in Shell Midstream Partners, L.P. by 2.1% in the 2nd quarter. CNH Partners LLC now owns 9,809 shares of the pipeline company’s stock valued at $297,000 after purchasing an additional 200 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Shell Midstream Partners, L.P. by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,693 shares of the pipeline company’s stock valued at $172,000 after purchasing an additional 398 shares in the last quarter. Finally, Diversified Trust Co lifted its holdings in Shell Midstream Partners, L.P. by 1.6% in the 2nd quarter. Diversified Trust Co now owns 28,777 shares of the pipeline company’s stock valued at $872,000 after purchasing an additional 450 shares in the last quarter. Institutional investors and hedge funds own 43.76% of the company’s stock.

A number of research firms have issued reports on SHLX. Stifel Nicolaus restated a “buy” rating and issued a $36.00 target price on shares of Shell Midstream Partners, L.P. in a report on Friday, July 14th. BidaskClub upgraded shares of Shell Midstream Partners, L.P. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Zacks Investment Research lowered shares of Shell Midstream Partners, L.P. from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $41.00 target price on shares of Shell Midstream Partners, L.P. in a report on Wednesday, September 27th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $36.83.

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Shell Midstream Partners, L.P. (NYSE:SHLX) traded up 0.43% on Tuesday, reaching $28.22. 18,934 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $27.53 and its 200 day moving average is $29.55. Shell Midstream Partners, L.P. has a 1-year low of $25.42 and a 1-year high of $34.17. The stock has a market capitalization of $5.01 billion, a P/E ratio of 22.89 and a beta of 1.17.

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 company had revenue of $86.80 million during the quarter, compared to analyst estimates of $69.55 million. During the same quarter last year, the business earned $0.35 EPS. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. Analysts expect that Shell Midstream Partners, L.P. will post $1.36 EPS for the current year.

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.

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

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