Westwood Holdings Group Inc. Has $52.87 Million Stake in Shell Midstream Partners, L.P. (SHLX)

Westwood Holdings Group Inc. decreased its stake in shares of Shell Midstream Partners, L.P. (NYSE:SHLX) by 2.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,744,953 shares of the pipeline company’s stock after selling 35,920 shares during the period. Westwood Holdings Group Inc. owned 0.98% of Shell Midstream Partners, L.P. worth $52,872,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Chickasaw Capital Management LLC increased 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 valued at $261,393,000 after acquiring an additional 153,936 shares during the last quarter. Alps Advisors Inc. increased 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 valued at $196,498,000 after acquiring an additional 223,977 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Shell Midstream Partners, L.P. by 1.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 4,249,453 shares of the pipeline company’s stock valued at $128,758,000 after acquiring an additional 73,184 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased 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 valued at $64,558,000 after acquiring an additional 280,018 shares during the last quarter. Finally, JPMorgan Chase & Co. increased 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 valued at $45,165,000 after acquiring an additional 44,372 shares during the last quarter. 43.76% of the stock is currently owned by institutional investors and hedge funds.

Shell Midstream Partners, L.P. (NYSE:SHLX) traded up 0.36% during mid-day trading on Thursday, reaching $28.12. The company’s stock had a trading volume of 41,985 shares. The stock has a market cap of $4.99 billion, a PE ratio of 22.81 and a beta of 1.17. The company has a 50 day moving average of $27.66 and a 200-day moving average of $29.52. Shell Midstream Partners, L.P. has a 52-week low of $25.42 and a 52-week high of $34.17.

Shell Midstream Partners, L.P. (NYSE:SHLX) last announced its quarterly earnings results on Thursday, August 3rd. The pipeline company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). The business had revenue of $86.80 million for the quarter, compared to analyst estimates of $69.55 million. Shell Midstream Partners, L.P. had a return on equity of 258.67% and a net margin of 87.22%. Shell Midstream Partners, L.P.’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period last year, the firm earned $0.35 EPS. Equities analysts forecast that Shell Midstream Partners, L.P. will post $1.36 earnings per share for the current year.

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A number of research analysts have recently commented on the company. 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 report on Thursday, June 22nd. Royal Bank Of Canada reissued a “buy” rating and set a $41.00 price objective on shares of Shell Midstream Partners, L.P. in a report on Monday, August 21st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $30.00 price objective on shares of Shell Midstream Partners, L.P. in a report on Friday, September 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $36.83.

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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