Shell Midstream Partners LP (NYSE:SHLX) saw unusually large options trading on Monday. Stock traders acquired 1,064 call options on the company. This is an increase of 1,512% compared to the average daily volume of 66 call options.

A number of institutional investors have recently added to or reduced their stakes in the stock. Evercore Wealth Management LLC acquired a new position in Shell Midstream Partners in the third quarter valued at $321,000. First Republic Investment Management Inc. increased its stake in Shell Midstream Partners by 9.9% in the third quarter. First Republic Investment Management Inc. now owns 153,788 shares of the pipeline company’s stock valued at $3,288,000 after purchasing an additional 13,808 shares during the last quarter. BP Capital Fund Advisors LLC increased its stake in Shell Midstream Partners by 7.2% in the third quarter. BP Capital Fund Advisors LLC now owns 277,251 shares of the pipeline company’s stock valued at $5,816,000 after purchasing an additional 18,659 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Shell Midstream Partners in the third quarter valued at $39,268,000. Finally, Advisory Research Inc. increased its stake in Shell Midstream Partners by 8.6% in the third quarter. Advisory Research Inc. now owns 4,420,728 shares of the pipeline company’s stock valued at $94,515,000 after purchasing an additional 349,010 shares during the last quarter. Hedge funds and other institutional investors own 53.60% of the company’s stock.

SHLX has been the subject of a number of analyst reports. Credit Suisse Group initiated coverage on Shell Midstream Partners in a report on Thursday, October 11th. They issued a “neutral” rating and a $24.00 price target for the company. ValuEngine raised Shell Midstream Partners from a “strong sell” rating to a “sell” rating in a report on Thursday, October 11th. Zacks Investment Research cut Shell Midstream Partners from a “buy” rating to a “hold” rating in a report on Saturday, September 1st. JPMorgan Chase & Co. cut their price target on Shell Midstream Partners from $28.00 to $27.00 and set an “overweight” rating for the company in a report on Friday, August 24th. Finally, Wells Fargo & Co cut their price target on Shell Midstream Partners from $24.00 to $22.00 and set a “market perform” rating for the company in a report on Thursday, September 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Shell Midstream Partners currently has a consensus rating of “Hold” and a consensus price target of $26.27.

Shell Midstream Partners stock opened at $18.98 on Wednesday. The firm has a market capitalization of $4.38 billion, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 4.48 and a beta of 1.13. Shell Midstream Partners has a 52 week low of $18.58 and a 52 week high of $31.19. The company has a quick ratio of 4.64, a current ratio of 4.64 and a debt-to-equity ratio of 2.18.

Shell Midstream Partners (NYSE:SHLX) last released its earnings results on Thursday, November 1st. The pipeline company reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.08. The firm had revenue of $153.50 million during the quarter, compared to analyst estimates of $137.00 million. Shell Midstream Partners had a negative return on equity of 215.59% and a net margin of 80.40%. During the same period in the prior year, the firm posted $0.31 earnings per share. Research analysts predict that Shell Midstream Partners will post 1.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Monday, November 5th will be paid a $0.382 dividend. This is a positive change from Shell Midstream Partners’s previous quarterly dividend of $0.37. This represents a $1.53 annualized dividend and a yield of 8.05%. The ex-dividend date is Friday, November 2nd. Shell Midstream Partners’s dividend payout ratio is presently 119.53%.

COPYRIGHT VIOLATION WARNING: This story was first reported by Daily Political and is the property of of Daily Political. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this story can be viewed at https://www.dailypolitical.com/2018/11/13/shell-midstream-partners-sees-unusually-large-options-volume-shlx.html.

About Shell Midstream Partners

Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream assets in the United States. Its 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.

See Also: Google Finance Portfolio Tips and Tricks

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