Shell Midstream Partners, L.P. (SHLX) Shares Sold by LVW Advisors LLC

LVW Advisors LLC lowered its position in Shell Midstream Partners, L.P. (NYSE:SHLX) by 14.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,991 shares of the pipeline company’s stock after selling 6,954 shares during the quarter. LVW Advisors LLC’s holdings in Shell Midstream Partners, L.P. were worth $1,212,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SHLX. Envestnet Asset Management Inc. grew its stake in Shell Midstream Partners, L.P. by 1.4% in the first quarter. Envestnet Asset Management Inc. now owns 4,626 shares of the pipeline company’s stock worth $149,000 after purchasing an additional 63 shares in the last quarter. Johnson Financial Group LLC bought a new position in Shell Midstream Partners, L.P. in the second quarter worth approximately $218,000. BNP Paribas Arbitrage SA bought a new position in Shell Midstream Partners, L.P. in the first quarter worth approximately $239,000. Proficio Capital Partners LLC grew its stake in Shell Midstream Partners, L.P. by 37.6% in the first quarter. Proficio Capital Partners LLC now owns 8,516 shares of the pipeline company’s stock worth $266,000 after purchasing an additional 2,326 shares in the last quarter. Finally, RiverPoint Capital Management LLC bought a new position in Shell Midstream Partners, L.P. in the second quarter worth approximately $291,000. 46.02% of the stock is currently owned by institutional investors.

Shares of Shell Midstream Partners, L.P. (NYSE SHLX) traded down 1.92% during mid-day trading on Friday, reaching $27.65. The company’s stock had a trading volume of 354,238 shares. The stock has a 50 day moving average of $27.41 and a 200-day moving average of $30.25. The stock has a market cap of $4.91 billion, a P/E ratio of 22.42 and a beta of 1.17. Shell Midstream Partners, L.P. has a one year low of $25.42 and a one year high of $34.17.

Shell Midstream Partners, L.P. (NYSE:SHLX) last posted its quarterly earnings results on Thursday, August 3rd. The pipeline company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The business had revenue of $86.80 million during 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%. The business’s revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS. On average, equities research analysts expect that Shell Midstream Partners, L.P. will post $1.37 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, July 31st were paid a dividend of $0.3041 per share. The ex-dividend date was Thursday, July 27th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.40%. Shell Midstream Partners, L.P.’s payout ratio is currently 98.39%.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://sportsperspectives.com/2017/09/10/shell-midstream-partners-l-p-shlx-shares-sold-by-lvw-advisors-llc.html.

Several analysts have issued reports on the company. BidaskClub raised Shell Midstream Partners, L.P. from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $41.00 target price on shares of Shell Midstream Partners, L.P. in a research report on Monday, August 21st. Zacks Investment Research cut Shell Midstream Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $36.00 target price on shares of Shell Midstream Partners, L.P. in a research report on Friday, July 14th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $37.83.

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.

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

Receive News & Ratings for Shell Midstream Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shell Midstream Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply