ING Groep NV lifted its stake in Shell Midstream Partners, L.P. (NYSE:SHLX) by 533.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 554,496 shares of the pipeline company’s stock after purchasing an additional 467,000 shares during the period. ING Groep NV owned 0.30% of Shell Midstream Partners, L.P. worth $15,437,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SHLX. SG Americas Securities LLC increased its stake in shares of Shell Midstream Partners, L.P. by 3.9% in the 3rd quarter. SG Americas Securities LLC now owns 92,511 shares of the pipeline company’s stock worth $2,576,000 after acquiring an additional 3,479 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Shell Midstream Partners, L.P. by 102.9% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 69,000 shares of the pipeline company’s stock worth $1,921,000 after acquiring an additional 35,000 shares during the period. Lucas Capital Management grew its stake in shares of Shell Midstream Partners, L.P. by 4.2% in the third quarter. Lucas Capital Management now owns 50,342 shares of the pipeline company’s stock worth $1,402,000 after acquiring an additional 2,041 shares during the period. Municipal Employees Retirement System of Michigan grew its stake in shares of Shell Midstream Partners, L.P. by 5.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 107,700 shares of the pipeline company’s stock worth $2,998,000 after acquiring an additional 5,960 shares during the period. Finally, Sei Investments Co. grew its stake in shares of Shell Midstream Partners, L.P. by 54.3% in the third quarter. Sei Investments Co. now owns 182,812 shares of the pipeline company’s stock worth $5,089,000 after acquiring an additional 64,300 shares during the period. 42.21% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on the stock. BidaskClub downgraded shares of Shell Midstream Partners, L.P. from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Zacks Investment Research downgraded shares of Shell Midstream Partners, L.P. from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Royal Bank Of Canada reissued a “buy” rating and issued a $41.00 price objective on shares of Shell Midstream Partners, L.P. in a report on Monday, August 21st. Barclays PLC dropped their price objective on shares of Shell Midstream Partners, L.P. from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, November 6th. Finally, UBS AG dropped their price objective on shares of Shell Midstream Partners, L.P. from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Shell Midstream Partners, L.P. presently has an average rating of “Buy” and an average target price of $34.50.

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Shares of Shell Midstream Partners, L.P. (SHLX) traded down $0.62 during trading hours on Wednesday, reaching $25.67. 536,000 shares of the company’s stock traded hands, compared to its average volume of 361,988. The company has a debt-to-equity ratio of 42.36, a current ratio of 3.36 and a quick ratio of 3.36. Shell Midstream Partners, L.P. has a twelve month low of $24.68 and a twelve month high of $34.17. The stock has a market capitalization of $4,936.80, a P/E ratio of 20.70, a P/E/G ratio of 1.62 and a beta of 1.12.

Shell Midstream Partners, L.P. (NYSE:SHLX) last released its quarterly earnings data on Friday, November 3rd. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.05). Shell Midstream Partners, L.P. had a net margin of 85.14% and a return on equity of 3,826.80%. The company had revenue of $94.40 million for the quarter, compared to the consensus estimate of $86.36 million. During the same quarter in the previous year, the business earned $0.28 EPS. The company’s quarterly revenue was up 39.0% on a year-over-year basis. research analysts expect that Shell Midstream Partners, L.P. will post 1.25 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, November 14th were given a $0.318 dividend. This represents a $1.27 annualized dividend and a yield of 4.96%. The ex-dividend date was Monday, October 30th. This is a boost from Shell Midstream Partners, L.P.’s previous quarterly dividend of $0.30. Shell Midstream Partners, L.P.’s payout ratio is currently 100.00%.

About Shell Midstream Partners, L.P.

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

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