Shell plc (NYSE:SHEL) Receives $79.80 Consensus PT from Analysts

Shares of Shell plc (NYSE:SHEL) have received an average recommendation of “Buy” from the ten brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $79.83.

A number of brokerages have commented on SHEL. Citigroup upgraded shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Piper Sandler lowered their price target on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Barclays upgraded Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Scotiabank dropped their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Finally, Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Friday.

Hedge Funds Weigh In On Shell

A number of hedge funds have recently added to or reduced their stakes in SHEL. Coronation Fund Managers Ltd. lifted its position in Shell by 7.6% during the second quarter. Coronation Fund Managers Ltd. now owns 15,201 shares of the energy company’s stock worth $1,097,000 after purchasing an additional 1,068 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Shell by 61.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 11,131 shares of the energy company’s stock worth $803,000 after acquiring an additional 4,233 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Shell in the second quarter valued at approximately $49,000. Hantz Financial Services Inc. bought a new stake in Shell during the second quarter worth $1,508,000. Finally, Rothschild Investment LLC bought a new position in shares of Shell in the 2nd quarter valued at $500,000. Institutional investors own 28.60% of the company’s stock.

Shell Stock Up 2.3 %

NYSE:SHEL opened at $64.52 on Monday. The firm has a market capitalization of $198.54 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 4.84 and a beta of 0.55. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. Shell has a twelve month low of $60.15 and a twelve month high of $74.61. The stock’s 50 day moving average price is $64.52 and its two-hundred day moving average price is $68.22.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were given a $0.688 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.27%. Shell’s payout ratio is 56.58%.

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.