Shell (LON:SHEL) Stock Price Down 3.4% – Here’s Why

Shell plc (LON:SHEL) dropped 3.4% during trading on Tuesday . The stock traded as low as GBX 2,492 ($32.54) and last traded at GBX 2,502.50 ($32.68). Approximately 12,336,993 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 11,426,396 shares. The stock had previously closed at GBX 2,589.50 ($33.81).

Analyst Ratings Changes

Several analysts have issued reports on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Shell in a research note on Tuesday, September 24th. Berenberg Bank reissued a “buy” rating and set a GBX 3,400 ($44.40) price objective on shares of Shell in a research note on Tuesday, July 9th. Finally, Bank of America restated a “buy” rating and set a GBX 3,400 ($44.40) target price on shares of Shell in a research report on Wednesday, September 4th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 3,400 ($44.40).

Shell Stock Performance

The company has a market cap of £154.65 billion, a P/E ratio of 1,163.95, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. The business has a 50 day moving average price of GBX 2,622.93 and a two-hundred day moving average price of GBX 2,743. The company has a debt-to-equity ratio of 40.32, a quick ratio of 0.87 and a current ratio of 1.41.

Shell Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, September 23rd. Shareholders of record on Thursday, August 15th were issued a $0.34 dividend. This represents a yield of 0.94%. The ex-dividend date of this dividend was Thursday, August 15th. Shell’s dividend payout ratio (DPR) is presently 4,883.72%.

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.