Shell plc (LON:SHEL) Declares $0.34 Dividend

Shell plc (LON:SHEL) announced a dividend on Thursday, August 1st, Upcoming.Co.Uk reports. Investors of record on Thursday, August 15th will be paid a dividend of $0.34 per share on Monday, September 23rd. This represents a yield of 0.94%. The ex-dividend date of this dividend is Thursday, August 15th. The official announcement can be seen at this link.

Shell Stock Performance

Shares of SHEL opened at GBX 2,824 ($36.33) on Friday. The company has a market cap of £179.61 billion, a PE ratio of 1,313.95, a price-to-earnings-growth ratio of 2.80 and a beta of 0.55. The company has a current ratio of 1.42, a quick ratio of 0.87 and a debt-to-equity ratio of 42.45. The stock has a 50-day moving average price of GBX 2,789.37 and a 200-day moving average price of GBX 2,691.19. Shell has a 12-month low of GBX 2,289 ($29.44) and a 12-month high of GBX 2,961 ($38.09).

Analyst Ratings Changes

SHEL has been the topic of several research analyst reports. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 3,500 ($45.02) target price on shares of Shell in a research note on Friday, July 12th. Barclays reissued an “overweight” rating and issued a GBX 3,800 ($48.88) target price on shares of Shell in a report on Friday, May 3rd. Berenberg Bank reissued a “buy” rating and issued a GBX 3,400 ($43.74) target price on shares of Shell in a report on Tuesday, July 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 3,000 ($38.59) price target on shares of Shell in a report on Friday, May 3rd. Finally, Bank of America reaffirmed a “buy” rating and set a GBX 3,300 ($42.45) price target on shares of Shell in a report on Monday, April 22nd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 3,278.33 ($42.17).

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.