News articles about Shell Midstream Partners (NYSE:SHLX) have been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Shell Midstream Partners earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the pipeline company an impact score of 45.2858083334073 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
SHLX has been the subject of a number of research reports. Zacks Investment Research cut shares of Shell Midstream Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, January 17th. Stifel Nicolaus cut shares of Shell Midstream Partners from a “buy” rating to a “hold” rating and upped their price objective for the company from $30.00 to $31.00 in a research note on Wednesday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Shell Midstream Partners in a research note on Friday, February 2nd. Barclays cut their price objective on shares of Shell Midstream Partners from $30.00 to $29.00 and set an “equal weight” rating for the company in a research note on Friday, November 17th. Finally, Morgan Stanley cut their price objective on shares of Shell Midstream Partners from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Friday, November 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $31.83.
Shares of Shell Midstream Partners (SHLX) traded up $0.20 during trading on Friday, hitting $25.29. 1,150,816 shares of the stock were exchanged, compared to its average volume of 1,310,000. Shell Midstream Partners has a 12 month low of $23.87 and a 12 month high of $33.34. The stock has a market cap of $5,660.00, a PE ratio of 19.76, a price-to-earnings-growth ratio of 1.65 and a beta of 1.15. The company has a quick ratio of 3.36, a current ratio of 3.71 and a debt-to-equity ratio of -3.30.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th were paid a $0.333 dividend. This is a boost from Shell Midstream Partners’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 2nd. This represents a $1.33 dividend on an annualized basis and a dividend yield of 5.27%. Shell Midstream Partners’s dividend payout ratio is 103.91%.
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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.
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