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

Shares of Shell plc (NYSE:SHEL) have been assigned a consensus recommendation of “Buy” from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $79.83.

Several equities analysts recently issued reports on the stock. Citigroup raised shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a report on Friday, October 11th. Wells Fargo & Company dropped their price target on Shell from $88.00 to $87.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Friday. Finally, Barclays upgraded Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd.

Shell Price Performance

NYSE:SHEL opened at $64.52 on Monday. The company has a market capitalization of $198.54 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 4.84 and a beta of 0.55. The company has a 50-day moving average of $64.52 and a 200-day moving average of $68.22. Shell has a 52 week low of $60.15 and a 52 week high of $74.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were issued a dividend of $0.688 per share. The ex-dividend date was Friday, November 15th. This represents a $2.75 annualized dividend and a yield of 4.27%. Shell’s dividend payout ratio is presently 56.58%.

Institutional Trading of Shell

Large investors have recently bought and sold shares of the business. FMR LLC raised its stake in shares of Shell by 5.2% in the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock valued at $4,306,465,000 after purchasing an additional 3,255,347 shares during the period. Fisher Asset Management LLC raised its position in Shell by 2.1% in the 3rd quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock valued at $1,617,796,000 after buying an additional 507,311 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Shell by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company’s stock worth $1,640,082,000 after acquiring an additional 96,549 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Shell by 0.9% during the 3rd quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company’s stock worth $408,430,000 after acquiring an additional 55,637 shares in the last quarter. Finally, Mawer Investment Management Ltd. lifted its position in shares of Shell by 8.7% in the third 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. 28.60% of the stock is owned by institutional investors.

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.