NBW Capital LLC increased its holdings in Shell Midstream Partners, L.P. (NYSE:SHLX) by 4.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 247,999 shares of the pipeline company’s stock after purchasing an additional 11,005 shares during the period. Shell Midstream Partners, L.P. makes up 2.1% of NBW Capital LLC’s investment portfolio, making the stock its 20th biggest holding. NBW Capital LLC owned 0.14% of Shell Midstream Partners, L.P. worth $7,514,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SHLX. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Shell Midstream Partners, L.P. during the second quarter valued at about $1,030,000. PNC Financial Services Group Inc. boosted its holdings in Shell Midstream Partners, L.P. by 7.9% during the second quarter. PNC Financial Services Group Inc. now owns 120,886 shares of the pipeline company’s stock valued at $3,663,000 after acquiring an additional 8,892 shares during the period. Blair William & Co. IL boosted its holdings in Shell Midstream Partners, L.P. by 1.1% during the second quarter. Blair William & Co. IL now owns 152,772 shares of the pipeline company’s stock valued at $4,629,000 after acquiring an additional 1,615 shares during the period. Johnson Financial Group LLC bought a new stake in Shell Midstream Partners, L.P. during the second quarter valued at about $218,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Shell Midstream Partners, L.P. by 15.1% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,130,620 shares of the pipeline company’s stock valued at $64,558,000 after acquiring an additional 280,018 shares during the period. Hedge funds and other institutional investors own 43.76% of the company’s stock.

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Shell Midstream Partners, L.P. (SHLX) traded up 0.53% during midday trading on Friday, hitting $28.49. 258,246 shares of the company traded hands. The stock’s 50-day moving average price is $27.48 and its 200 day moving average price is $29.59. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 23.11 and a beta of 1.17. Shell Midstream Partners, L.P. has a 12-month low of $25.42 and a 12-month high of $34.17.

Shell Midstream Partners, L.P. (NYSE:SHLX) last announced its earnings results on Thursday, August 3rd. The pipeline company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.02). The company had revenue of $86.80 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 EPS. On average, equities analysts forecast that Shell Midstream Partners, L.P. will post $1.36 EPS for the current year.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Shell Midstream Partners, L.P. from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. BidaskClub cut shares of Shell Midstream Partners, L.P. from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Stifel Nicolaus restated a “buy” rating and set a $36.00 price target on shares of Shell Midstream Partners, L.P. in a report on Friday, July 14th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $41.00 price target on shares of Shell Midstream Partners, L.P. in a report on Wednesday, September 27th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Shell Midstream Partners, L.P. presently has a consensus rating of “Buy” and a consensus price target of $36.83.

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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