Shell plc (NYSE:SHEL) Receives $82.00 Average PT from Analysts

Shell plc (NYSE:SHEL) has received an average recommendation of “Buy” from the ten ratings firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $82.00.

Several research analysts have recently weighed in on the stock. Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Wolfe Research started coverage on shares of Shell in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Barclays upgraded Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company boosted their price target on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a report on Friday, October 11th.

Shell Stock Performance

Shares of NYSE SHEL opened at $67.05 on Wednesday. The company has a 50-day simple moving average of $69.22 and a 200-day simple moving average of $70.86. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.41 and a quick ratio of 1.12. The company has a market cap of $208.67 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 1.58 and a beta of 0.56. Shell has a 12 month low of $60.34 and a 12 month high of $74.61.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.15. Shell had a return on equity of 14.56% and a net margin of 5.97%. The company 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 firm posted $1.50 EPS. On average, equities analysts anticipate that Shell will post 8.44 earnings per share for the current year.

Shell Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were paid a $0.688 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.10%. Shell’s dividend payout ratio (DPR) is currently 49.11%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Everett Harris & Co. CA raised its position in shares of Shell by 14.8% in the 3rd quarter. Everett Harris & Co. CA now owns 228,244 shares of the energy company’s stock valued at $15,053,000 after purchasing an additional 29,448 shares in the last quarter. First Citizens Bank & Trust Co. acquired a new stake in Shell in the third quarter valued at $207,000. Blue Trust Inc. boosted its stake in Shell by 58.3% during the 3rd quarter. Blue Trust Inc. now owns 31,015 shares of the energy company’s stock valued at $2,239,000 after acquiring an additional 11,428 shares during the last quarter. Net Worth Advisory Group acquired a new stake in shares of Shell in the 3rd quarter valued at about $697,000. Finally, Trust Point Inc. raised its position in shares of Shell by 4.4% during the 3rd quarter. Trust Point Inc. now owns 10,551 shares of the energy company’s stock valued at $696,000 after acquiring an additional 448 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.