Shell plc (NYSE:SHEL) Receives $79.11 Consensus Target Price from Brokerages

Shares of Shell plc (NYSE:SHEL) have been given a consensus rating of “Buy” by the thirteen brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, nine have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $79.48.

Several equities research analysts recently commented on SHEL shares. Piper Sandler dropped their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Friday, January 3rd. Finally, TD Cowen started coverage on shares of Shell in a research note on Wednesday. They issued a “buy” rating and a $81.00 target price on the stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Valley National Advisers Inc. increased its holdings in Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after buying an additional 400 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in Shell during the fourth quarter valued at approximately $28,000. Human Investing LLC purchased a new stake in Shell during the fourth quarter valued at approximately $31,000. Valley Wealth Managers Inc. purchased a new stake in Shell during the third quarter valued at approximately $33,000. Finally, Transce3nd LLC purchased a new stake in Shell during the fourth quarter valued at approximately $34,000. Institutional investors own 28.60% of the company’s stock.

Shell Trading Down 1.2 %

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

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. As a group, analysts forecast that Shell will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be given a dividend of $0.716 per share. This is an increase from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 4.03%. Shell’s dividend payout ratio is 56.97%.

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.