Shell Midstream Partners (NYSE:SHLX) has been given a $26.00 price objective by stock analysts at Stifel Nicolaus in a note issued to investors on Thursday. The firm currently has a “hold” rating on the pipeline company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 5.26% from the stock’s current price.
SHLX has been the subject of a number of other research reports. Citigroup reaffirmed a “buy” rating and set a $32.00 price target (down previously from $36.50) on shares of Shell Midstream Partners in a research report on Monday, November 20th. UBS Group reduced their price target on Shell Midstream Partners from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, November 17th. BidaskClub raised Shell Midstream Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 7th. Barclays dropped their price objective on Shell Midstream Partners from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, November 6th. Finally, Morgan Stanley dropped their price objective on Shell Midstream Partners from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Friday, November 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $32.17.
Shell Midstream Partners (NYSE SHLX) traded up $0.65 during trading hours on Thursday, reaching $24.70. The company’s stock had a trading volume of 1,619,457 shares, compared to its average volume of 1,086,492. Shell Midstream Partners has a 52-week low of $23.87 and a 52-week high of $33.46. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 42.36. The firm has a market cap of $4,690.00, a P/E ratio of 19.30, a P/E/G ratio of 1.20 and a beta of 1.02.
Several institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Shell Midstream Partners during the 4th quarter worth approximately $274,000. Brookfield Asset Management Inc. bought a new stake in shares of Shell Midstream Partners during the 4th quarter worth approximately $1,686,000. Westwood Holdings Group Inc. raised its stake in shares of Shell Midstream Partners by 5.1% during the 4th quarter. Westwood Holdings Group Inc. now owns 2,113,257 shares of the pipeline company’s stock worth $63,017,000 after purchasing an additional 102,745 shares in the last quarter. Cypress Wealth Advisors LLC bought a new stake in shares of Shell Midstream Partners during the 4th quarter worth approximately $3,036,000. Finally, Jane Street Group LLC bought a new stake in shares of Shell Midstream Partners during the 4th quarter worth approximately $247,000. Institutional investors own 45.10% of the company’s stock.
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About Shell Midstream Partners
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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