Shell (NYSE:SHEL) Upgraded by UBS Group to “Buy” Rating

UBS Group upgraded shares of Shell (NYSE:SHEL) from a neutral rating to a buy rating in a research note issued to investors on Wednesday, Marketbeat reports.

Several other analysts have also issued reports on SHEL. Scotiabank reduced their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Barclays upgraded Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Citigroup upgraded Shell to a “hold” rating in a research note on Wednesday, October 2nd. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Friday, January 3rd. Finally, Piper Sandler cut their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Shell has an average rating of “Buy” and a consensus price target of $79.69.

Shell Stock Up 0.5 %

SHEL opened at $65.02 on Wednesday. The stock has a market cap of $200.08 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 4.84 and a beta of 0.55. The stock’s fifty day simple moving average is $64.43 and its 200 day simple moving average is $68.10. Shell has a 1-year low of $60.15 and a 1-year high of $74.61. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were given a dividend of $0.688 per share. The ex-dividend date was Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.23%. Shell’s payout ratio is 56.58%.

Institutional Trading of Shell

Several large investors have recently modified their holdings of SHEL. NorthCrest Asset Manangement LLC grew its stake in shares of Shell by 6.4% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock valued at $247,000 after buying an additional 225 shares during the period. Foresight Global Investors Inc. acquired a new stake in Shell in the 2nd quarter valued at $1,472,000. Rockefeller Capital Management L.P. raised its holdings in Shell by 1.5% during the third quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock worth $206,116,000 after buying an additional 46,293 shares during the last quarter. Creative Planning lifted its position in Shell by 11.3% in the 2nd quarter. Creative Planning now owns 292,587 shares of the energy company’s stock valued at $21,119,000 after acquiring an additional 29,677 shares in the last quarter. Finally, Mawer Investment Management Ltd. increased its holdings in Shell by 8.7% during the 3rd quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock worth $348,405,000 after purchasing an additional 422,329 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

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.