On May 15, 2018 Shell Midstream Partners LP shareholders will get $0.35 dividend

May 3, 2018 - By Sarah Holford

Shell Midstream Partners LP (NYSE:SHLX) on May 15, 2018 is anticipated to distribute $0.35 dividend, according to Zacks. The dividend ex-date is May 4, 2018. The Shell Midstream Partners LP’s price is $21.55, based on which the dividend is 1.61 %. Apr 26, 2018 and May 7, 2018 are the announcement and record date. SHLX touched $21.55 during the last trading session after $0.18 change.Shell Midstream Partners, L.P. is downtrending after having declined 33.91% since May 3, 2017. SHLX has 1.55M volume or 37.20% up from normal. SHLX underperformed the S&P 500 by 45.46%.

Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream assets in the United States.The company has $4.82 billion market cap. The Company’s crude oil pipeline systems include a 350 miles of Zydeco pipeline system; a 130-miles of delta pipeline; a 174-mile offshore Gulf of Mexico corridor pipeline; and a 75-mile offshore pipeline.The P/E ratio is 16.85. The firm also has interests in Mars pipeline system that is approximately 163 miles that delivers production received from the Mississippi Canyon area and Green Canyon and Walker Ridge to salt dome caverns in Clovelly, Louisiana; and a 105-mile Odyssey pipeline system, which transports crude oil in the offshore eastern Gulf of Mexico to markets in Louisiana.

Shell Midstream Partners, L.P. (NYSE:SHLX) Ratings Coverage

A total of 9 analysts rate Shell Midstream Partners (NYSE:SHLX) as follows: 6 “Buy”, 3 “Hold” and 0 “Sell”. Тherefore 67% are bullish. The firm has $40 highest and $25 lowest target. The avg target $30.06 is 39.49% above the last ($21.55) price. (NYSE:SHLX) has 17 ratings reports on 3 May 2018 according to StockzIntelligence. In Tuesday, January 16 report RBC Capital Markets maintained the stock with “Buy” rating. On Friday, November 17 the stock of Shell Midstream Partners, L.P. (NYSE:SHLX) earned “Equal-Weight” rating by Barclays Capital. On Friday, November 17 UBS maintained the shares of SHLX in report with “Buy” rating. On Thursday, April 5 Stifel Nicolaus maintained Shell Midstream Partners, L.P. (NYSE:SHLX) rating. Stifel Nicolaus has “Hold” rating and $25 target. On Monday, April 16 Barclays Capital maintained Shell Midstream Partners, L.P. (NYSE:SHLX) with “Equal-Weight” rating. On Thursday, March 1 the stock of Shell Midstream Partners, L.P. (NYSE:SHLX) earned “Hold” rating by Stifel Nicolaus. On Monday, March 26 the firm has “Buy” rating by Mizuho given. In Friday, November 17 report Morgan Stanley maintained the stock with “Equal-Weight” rating. On Wednesday, January 17 the stock has “Hold” rating by Stifel Nicolaus. On Wednesday, November 29 the stock of Shell Midstream Partners, L.P. (NYSE:SHLX) has “Buy” rating given by Stifel Nicolaus.

Shell Midstream Partners, L.P. (NYSE:SHLX) Analyst Ratings Chart

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