Shell plc (LON:SHEL – Get Free Report) 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).
View Our Latest Research Report on SHEL
Shell Stock Performance
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.
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