Alps Advisors Inc. boosted its stake in Shell Midstream Partners, L.P. (NYSE:SHLX) by 3.6% during the second quarter, Holdings Channel reports. The firm owned 6,485,097 shares of the pipeline company’s stock after buying an additional 223,977 shares during the period. Shell Midstream Partners, L.P. accounts for 1.4% of Alps Advisors Inc.’s portfolio, making the stock its 19th largest position. Alps Advisors Inc.’s holdings in Shell Midstream Partners, L.P. were worth $196,498,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SHLX. Hollencrest Securities LLC purchased a new position in shares of Shell Midstream Partners, L.P. during the first quarter valued at about $403,000. NBW Capital LLC boosted its position in shares of Shell Midstream Partners, L.P. by 17.7% in the first quarter. NBW Capital LLC now owns 236,994 shares of the pipeline company’s stock valued at $7,638,000 after buying an additional 35,662 shares during the period. Chickasaw Capital Management LLC boosted its position in shares of Shell Midstream Partners, L.P. by 3.2% in the first quarter. Chickasaw Capital Management LLC now owns 8,472,887 shares of the pipeline company’s stock valued at $273,081,000 after buying an additional 265,172 shares during the period. Paragon Capital Management Ltd purchased a new position in shares of Shell Midstream Partners, L.P. during the first quarter valued at about $377,000. Finally, Conning Inc. boosted its position in shares of Shell Midstream Partners, L.P. by 85.2% in the first quarter. Conning Inc. now owns 62,232 shares of the pipeline company’s stock valued at $2,006,000 after buying an additional 28,624 shares during the period. Hedge funds and other institutional investors own 45.88% of the company’s stock.

Shell Midstream Partners, L.P. (NYSE SHLX) traded down 1.61% during midday trading on Tuesday, reaching $26.25. The company’s stock had a trading volume of 20,255 shares. Shell Midstream Partners, L.P. has a 1-year low of $25.42 and a 1-year high of $34.17. The firm has a market capitalization of $4.66 billion, a PE ratio of 21.29 and a beta of 1.17. The firm has a 50 day moving average price of $28.98 and a 200 day moving average price of $30.97.

Shell Midstream Partners, L.P. (NYSE:SHLX) last posted its quarterly earnings data on Thursday, August 3rd. The pipeline company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $86.80 million during the quarter, compared to analyst estimates of $69.55 million. Shell Midstream Partners, L.P. had a return on equity of 258.67% and a net margin of 87.22%. Shell Midstream Partners, L.P.’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 EPS. On average, analysts predict that Shell Midstream Partners, L.P. will post $1.41 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, July 31st were paid a $0.3041 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date was Thursday, July 27th. Shell Midstream Partners, L.P.’s dividend payout ratio is currently 98.39%.

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Several equities analysts recently issued reports on SHLX shares. Zacks Investment Research cut Shell Midstream Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Thursday, April 27th. BidaskClub cut Shell Midstream Partners, L.P. from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $36.00 target price on shares of Shell Midstream Partners, L.P. in a research note on Friday, July 14th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $37.83.

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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