Shell Midstream Partners (NYSE:SHLX) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Shell Midstream Partners (NYSE:SHLXGet Rating) in a report released on Monday. The firm set a “hold” rating on the pipeline company’s stock.

Separately, Mizuho increased their price target on Shell Midstream Partners from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, Shell Midstream Partners currently has an average rating of “Hold” and an average target price of $13.75.

Shell Midstream Partners Stock Performance

Shares of NYSE SHLX opened at $15.82 on Monday. The stock has a 50 day moving average price of $15.82 and a 200 day moving average price of $15.13. Shell Midstream Partners has a 52 week low of $10.76 and a 52 week high of $16.08. The company has a debt-to-equity ratio of 3.74, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $6.22 billion, a PE ratio of 13.07 and a beta of 1.24.

Institutional Trading of Shell Midstream Partners

Several institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC bought a new position in shares of Shell Midstream Partners during the third quarter worth approximately $46,000. Ahrens Investment Partners LLC bought a new position in shares of Shell Midstream Partners during the second quarter worth approximately $42,000. Cypress Capital Management LLC WY bought a new position in shares of Shell Midstream Partners during the second quarter worth approximately $58,000. FNY Investment Advisers LLC bought a new position in shares of Shell Midstream Partners during the second quarter worth approximately $70,000. Finally, Selective Wealth Management Inc. increased its stake in shares of Shell Midstream Partners by 66.7% during the second quarter. Selective Wealth Management Inc. now owns 5,000 shares of the pipeline company’s stock worth $70,000 after purchasing an additional 2,000 shares during the period.

About Shell Midstream Partners

(Get Rating)

Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream, and logistics assets in the United States. It owns interests in crude oil and refined products pipelines and terminals to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets.

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Analyst Recommendations for Shell Midstream Partners (NYSE:SHLX)

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