Shell plc (NYSE:SHEL) Receives Average Rating of “Moderate Buy” from Analysts

Shell plc (NYSE:SHEL) has received a consensus rating of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $85.00.

Several brokerages have recently weighed in on SHEL. Argus boosted their target price on Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Wolfe Research began coverage on Shell in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Wells Fargo & Company lowered their target price on Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. Scotiabank lowered their target price on Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Finally, TD Securities boosted their target price on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, May 3rd.

Institutional Trading of Shell

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC purchased a new stake in Shell in the second quarter valued at approximately $26,000. Valley National Advisers Inc. raised its position in Shell by 217.7% in the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock valued at $27,000 after purchasing an additional 283 shares during the period. Beaird Harris Wealth Management LLC raised its position in Shell by 611.1% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock valued at $29,000 after purchasing an additional 385 shares during the period. Triad Wealth Partners LLC purchased a new stake in Shell in the second quarter valued at approximately $31,000. Finally, Allspring Global Investments Holdings LLC raised its position in Shell by 90.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 495 shares of the energy company’s stock valued at $33,000 after purchasing an additional 235 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Price Performance

NYSE:SHEL opened at $71.35 on Friday. Shell has a 12 month low of $60.13 and a 12 month high of $74.61. The stock has a 50 day moving average of $71.50 and a two-hundred day moving average of $69.10. The company has a current ratio of 1.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. The firm has a market cap of $225.61 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 1.63 and a beta of 0.59.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.82 by $0.15. Shell had a return on equity of 14.51% and a net margin of 5.97%. The company had revenue of $75.06 billion during the quarter, compared to analyst estimates of $88.62 billion. During the same period in the previous year, the business earned $1.50 EPS. On average, analysts expect that Shell will post 8.53 earnings per share for the current fiscal year.

Shell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, August 16th will be issued a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Friday, August 16th. Shell’s dividend payout ratio is presently 50.74%.

About Shell

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.