Shell plc (NYSE:SHEL) Receives $79.69 Average PT from Analysts

Shares of Shell plc (NYSE:SHEL) have received a consensus recommendation of “Buy” from the twelve research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $79.69.

Several brokerages have recently weighed in on SHEL. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Scotiabank decreased their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Citigroup raised Shell to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Friday, January 3rd.

Hedge Funds Weigh In On Shell

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Valley National Advisers Inc. raised its position in shares of Shell by 930.2% during the 4th 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 in the last quarter. Fortitude Family Office LLC bought a new stake in shares of Shell in the 3rd quarter valued at approximately $30,000. Valley Wealth Managers Inc. purchased a new position in shares of Shell in the 3rd quarter worth approximately $33,000. Brooklyn Investment Group purchased a new stake in Shell during the 3rd quarter valued at $35,000. Finally, GHP Investment Advisors Inc. lifted its position in Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after buying an additional 163 shares during the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Stock Down 1.9 %

Shares of Shell stock opened at $65.39 on Friday. The company’s 50 day moving average price is $64.23 and its 200-day moving average price is $67.55. 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. The stock has a market capitalization of $199.92 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 5.89 and a beta of 0.55.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.20. The business had revenue of $72.46 billion for the quarter, compared to analysts’ expectations of $84.58 billion. Shell had a net margin of 5.17% and a return on equity of 14.54%. During the same quarter in the previous year, the business posted $1.86 earnings per share. Equities research analysts forecast that Shell will post 8.16 EPS for the current year.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were issued 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 yield of 4.21%. Shell’s dividend payout ratio is currently 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.