Brokerages Set Shell plc (NYSE:SHEL) Price Target at $85.00

Shares of Shell plc (NYSE:SHEL) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $85.00.

A number of research firms have issued reports on SHEL. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Wolfe Research began coverage on shares of Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Argus boosted their target price on shares of Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Scotiabank cut their price objective 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, Berenberg Bank raised Shell to a “strong-buy” rating in a report on Monday, August 5th.

Institutional Trading of Shell

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SHEL. Hobbs Group Advisors LLC acquired a new stake in shares of Shell during the second quarter worth $26,000. Beaird Harris Wealth Management LLC grew its holdings in Shell by 611.1% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock worth $29,000 after acquiring an additional 385 shares during the period. Triad Wealth Partners LLC acquired a new position in shares of Shell in the 2nd quarter valued at about $31,000. Fairscale Capital LLC bought a new stake in shares of Shell during the 2nd quarter valued at about $33,000. Finally, Fairman Group LLC bought a new stake in Shell in the fourth quarter worth approximately $45,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Trading Up 0.5 %

Shares of Shell stock opened at $69.09 on Friday. The firm’s 50-day moving average price is $70.81 and its two-hundred day moving average price is $70.74. The company has a market capitalization of $218.47 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.53 and a beta of 0.57. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.35. Shell has a 12-month low of $60.34 and a 12-month high of $74.61.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.82 by $0.15. Shell had a net margin of 5.97% and a return on equity of 14.56%. The business had revenue of $75.06 billion during the quarter, compared to the consensus estimate of $88.62 billion. During the same period in the previous year, the business earned $1.50 earnings per share. On average, analysts forecast that Shell will post 8.64 earnings per share for the current fiscal year.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, August 16th were given a $0.688 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.98%. Shell’s dividend payout ratio (DPR) 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.