Shell plc (NYSE:SHEL) Receives $78.98 Average Target Price from Analysts

Shell plc (NYSE:SHEL) has been assigned an average rating of “Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $77.73.

Several research analysts have issued reports on the company. Piper Sandler dropped their target price on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. TD Securities reissued a “buy” rating on shares of Shell in a report on Friday, April 4th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Shell in a report on Wednesday, March 26th. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Finally, Barclays reiterated an “overweight” rating on shares of Shell in a research report on Wednesday, March 26th.

Hedge Funds Weigh In On Shell

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC boosted its holdings in shares of Shell by 51.7% during the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock valued at $468,000 after purchasing an additional 2,545 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Shell by 0.9% during the 4th quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company’s stock valued at $2,078,000 after buying an additional 301 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Shell by 8.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 199,856 shares of the energy company’s stock worth $12,521,000 after acquiring an additional 14,937 shares in the last quarter. HF Advisory Group LLC increased its stake in Shell by 15.8% during the fourth quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock worth $1,852,000 after acquiring an additional 4,028 shares during the last quarter. Finally, Lockheed Martin Investment Management Co. lifted its stake in shares of Shell by 266.1% in the 4th quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company’s stock valued at $7,645,000 after purchasing an additional 88,700 shares during the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Price Performance

SHEL opened at $62.05 on Wednesday. The company’s 50-day simple moving average is $67.56 and its two-hundred day simple moving average is $66.20. Shell has a 52-week low of $58.55 and a 52-week high of $74.61. The stock has a market capitalization of $187.61 billion, a P/E ratio of 12.36, a P/E/G ratio of 0.98 and a beta of 0.27. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates 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 predict that Shell will post 7.67 EPS for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were given a dividend of $0.716 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.62%. This is a boost from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio (DPR) is presently 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.