Shell Midstream Partners L.P. (NYSE:SHLX).
Commonwealth Of Pennsylvania Public School Empls Retrmt SYS reports that it raised its investment in Shell Midstream Partners L.P. shares by 6.3% in the last quarter. Its stake was valued at $63,025,000 a decrease of $1,533,000 according to the filing.
Here are some institutional investors who have increased or decreased their stake in (SHLX). As of the end of the quarter Blair William & Co/il had acquired 1,670 shares growing its position 1.1%. The value of the company’s investment in Shell Midstream Partners L.P. went from $4,629,000 to $4,300,000 decreasing 7.1% since the last quarter. As of quarter end Oppenheimerfunds, Inc. had sold a total of 382,658 shares trimming its holdings by 10.6%. The value in dollars decreased from $109,222,000 to $89,701,000 a change of $19,521,000 for the reporting period.
As of quarter end Raymond James & Associates had sold 649 shares trimming its stake by 6.4%. The value of the investment in Shell Midstream Partners L.P. decreased from $305,000 to $262,000 a change of 14.1% quarter over quarter.
Barclays PLC lowered the price target of the stock on November 6 changing the forecast from $32.00 to $30.00 and stated a “Equal Weight” rating. September 27 investment analysts at Royal Bank Of Canada maintained a company rating of “Buy” targeting a price of $41.00.
On September 15 Stifel Nicolaus left the stock rating at “Buy” with a current price target of $30.00. August 21 investment analysts at Royal Bank Of Canada kept the stock rating at “Buy” projecting a price of $41.00.
The company is up since yesterday’s close of 25.66. The company’s P/E ratio is 20.46 and the market cap of the company is 4.85B. As of the latest earnings report the EPS was $1.26 with 187.78M shares presently outstanding.
Traders are a little more bearish on the company if you put credence in the rise in short interest. The stock saw a rise in short interest between September 29, 2017 and October 13, 2017 of 8.79%. Short shares grew 158,726 over that timeframe. The short-interest ratio increased to 10.0 and the percentage of shorted shares is 0.01% as of October 13.