Shell plc (NYSE:SHEL) Receives Average Recommendation of “Buy” from Analysts

Shell plc (NYSE:SHEL) has been given an average rating of “Buy” by the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $82.00.

SHEL has been the topic of several research analyst reports. Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Wells Fargo & Company increased their price objective on shares of Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Citigroup upgraded shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Scotiabank cut their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Finally, Barclays raised Shell to a “strong-buy” rating in a report on Wednesday, October 2nd.

Shell Price Performance

Shares of SHEL stock opened at $67.06 on Friday. The stock’s 50-day moving average is $67.64 and its 200 day moving average is $70.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. Shell has a 1-year low of $60.34 and a 1-year high of $74.61. The company has a market cap of $208.70 billion, a P/E ratio of 13.80, a PEG ratio of 2.06 and a beta of 0.56.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be issued a $0.688 dividend. This represents a $2.75 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s payout ratio is presently 56.58%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. raised its holdings in shares of Shell by 1.3% during the second quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company’s stock valued at $801,000 after acquiring an additional 142 shares during the last quarter. Lester Murray Antman dba SimplyRich raised its stake in Shell by 0.6% in the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 26,901 shares of the energy company’s stock valued at $1,941,000 after purchasing an additional 158 shares during the last quarter. Procyon Advisors LLC boosted its stake in Shell by 3.2% during the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock worth $335,000 after purchasing an additional 159 shares during the last quarter. Sax Wealth Advisors LLC grew its holdings in shares of Shell by 4.1% during the second quarter. Sax Wealth Advisors LLC now owns 4,086 shares of the energy company’s stock worth $295,000 after buying an additional 162 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted its stake in shares of Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after buying an additional 163 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Company Profile

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.