TD Securities Boosts Shell (NYSE:SHEL) Price Target to $82.00

Shell (NYSE:SHEL) had its target price raised by TD Securities from $81.00 to $82.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the energy company’s stock.

A number of other research analysts have also recently issued reports on the stock. Piper Sandler decreased their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. TD Cowen initiated coverage on Shell in a report on Wednesday. They issued a “buy” rating and a $81.00 price objective on the stock. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Friday, January 3rd. Finally, Wells Fargo & Company dropped their target price on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $79.48.

Shell Stock Performance

Shares of NYSE:SHEL opened at $71.08 on Wednesday. Shell has a one year low of $60.15 and a one year high of $74.61. The firm has a market cap of $214.91 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. The firm’s 50 day simple moving average is $67.05 and its 200-day simple moving average is $66.26. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities analysts predict that Shell will post 7.67 EPS for the current year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.716 per share. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.03%. The ex-dividend date is Friday, February 14th. Shell’s dividend payout ratio (DPR) is currently 56.97%.

Institutional Investors Weigh In On Shell

Several hedge funds have recently modified their holdings of the stock. First Wilshire Securities Management Inc. lifted its holdings in Shell by 1.6% in the 4th quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company’s stock worth $596,000 after buying an additional 153 shares in the last quarter. Foster Group Inc. increased its holdings in Shell by 5.0% during the 4th quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock worth $213,000 after purchasing an additional 162 shares during the last quarter. Titleist Asset Management LLC raised its position in shares of Shell by 3.1% in the 4th quarter. Titleist Asset Management LLC now owns 5,526 shares of the energy company’s stock valued at $346,000 after purchasing an additional 164 shares in the last quarter. Warther Private Wealth LLC grew its position in shares of Shell by 5.5% during the fourth quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company’s stock worth $205,000 after buying an additional 169 shares in the last quarter. Finally, Klingman & Associates LLC raised its holdings in Shell by 5.2% in the fourth quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company’s stock valued at $214,000 after acquiring an additional 170 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

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.