Shell plc (NYSE:SHEL) Receives Consensus Recommendation of “Buy” from Analysts

Shell plc (NYSE:SHEL) has been assigned an average recommendation of “Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $77.73.

SHEL has been the subject of a number of recent analyst reports. Piper Sandler dropped their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Friday, January 3rd. Barclays reiterated an “overweight” rating on shares of Shell in a research note on Wednesday, March 26th. Finally, Royal Bank of Canada restated an “outperform” rating on shares of Shell in a report on Wednesday, March 26th.

Shell Trading Up 0.4 %

Shares of NYSE SHEL opened at $62.81 on Wednesday. The stock has a market capitalization of $189.91 billion, a P/E ratio of 12.51, a PEG ratio of 0.98 and a beta of 0.27. Shell has a 1-year low of $58.55 and a 1-year high of $74.61. The business’s 50 day moving average is $67.41 and its two-hundred day moving average is $66.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. As a group, research analysts expect that Shell will post 7.67 EPS for the current year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were paid a dividend of $0.716 per share. The ex-dividend date was Friday, February 14th. This is an increase from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.56%. Shell’s dividend payout ratio (DPR) is currently 56.97%.

Institutional Trading of Shell

A number of hedge funds have recently bought and sold shares of the stock. Kennebec Savings Bank purchased a new stake in shares of Shell during the 1st quarter worth $25,000. Valley National Advisers Inc. lifted its position in shares of Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after buying an additional 400 shares during the last quarter. CoreFirst Bank & Trust purchased a new position in shares of Shell in the 4th quarter worth approximately $28,000. Human Investing LLC purchased a new stake in Shell during the fourth quarter valued at approximately $31,000. Finally, Transce3nd LLC acquired a new stake in Shell in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Company Profile

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.