Barclays restated their overweight rating on shares of Shell (LON:SHEL – Free Report) in a report published on Friday, Marketbeat.com reports. The firm currently has a GBX 3,800 ($47.73) price objective on the stock.
Several other research firms also recently weighed in on SHEL. Bank of America restated a buy rating and issued a GBX 3,300 ($41.45) price target on shares of Shell in a research note on Monday, April 22nd. Berenberg Bank cut their target price on shares of Shell from GBX 3,000 ($37.68) to GBX 2,950 ($37.06) and set a buy rating for the company in a research note on Friday, February 16th. Royal Bank of Canada reiterated an outperform rating and issued a GBX 3,000 ($37.68) price target on shares of Shell in a report on Monday, April 8th. Finally, JPMorgan Chase & Co. reissued an overweight rating on shares of Shell in a report on Tuesday, February 20th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of Buy and an average target price of GBX 3,109.78 ($39.06).
Check Out Our Latest Report on SHEL
Shell Stock Performance
Shell Announces Dividend
The firm also recently announced a dividend, which will be paid on Monday, June 24th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.34 per share. This represents a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, May 16th. Shell’s dividend payout ratio is 4,778.76%.
Insider Buying and Selling
In related news, insider Charles Roxburgh acquired 3,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were acquired at an average cost of GBX 2,552 ($32.06) per share, for a total transaction of £76,560 ($96,168.82). In other news, insider Sinead Gorman bought 18,276 shares of Shell stock in a transaction dated Monday, February 26th. The shares were acquired at an average price of GBX 2,494 ($31.33) per share, with a total value of £455,803.44 ($572,545.46). Also, insider Charles Roxburgh purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average cost of GBX 2,552 ($32.06) per share, with a total value of £76,560 ($96,168.82). 0.13% of the stock is currently owned by company insiders.
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.
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