2. Shell Midstream Partners, L.P. (NYSE: SHLX)
Number of Hedge Fund Holders: 4
Dividend Yield: 12.61%
Shell Midstream Partners, L.P. (NYSE: SHLX) operates and acquires pipelines and other midstream and logistics assets in the US. The company owns interests in crude oil and refined product pipelines as well. It ranks 2nd on our list of the best dividend stocks to buy under $20.
This April, Shell Midstream Partners, L.P. (NYSE: SHLX) commented on its first-quarter offshore oil pipeline volumes, shedding a positive light on them because of their 11% rise from the previous quarter. In the first quarter of 2021, Shell Midstream Partners, L.P. (NYSE: SHLX) had EPS of $0.37, beating estimates by $0.04. The revenue for the quarter was $139 million, a 14.88% growth year over year and beating estimates by $14.31 million. The stock has a forward PE ratio of 9.98 and has gained 44.6% and 45.17% year to date. The company also has a gross profit margin of 62.93%.
By the end of the first quarter of 2021, 4 hedge funds out of the 866 tracked by Insider Monkey held stakes in Shell Midstream Partners, L.P. (NYSE: SHLX). The total value of their stakes was about $27.4 million. This is compared to 7 hedge funds in the previous quarter with a total stake value of roughly $36 million.
