Shell plc (NYSE:SHEL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Shell plc (NYSE:SHEL) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $82.00.

Several analysts have recently issued reports on the stock. Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Berenberg Bank raised Shell to a “strong-buy” rating in a research note on Monday, August 5th. Wells Fargo & Company increased their price target on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Scotiabank dropped their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Finally, Wolfe Research began coverage on shares of Shell in a report on Thursday, July 18th. They issued a “peer perform” rating for the company.

Institutional Investors Weigh In On Shell

A number of institutional investors and hedge funds have recently bought and sold shares of SHEL. United Community Bank lifted its holdings in Shell by 4.4% during the first quarter. United Community Bank now owns 3,315 shares of the energy company’s stock worth $222,000 after buying an additional 139 shares during the period. First Horizon Advisors Inc. raised its holdings in Shell by 1.3% in the second quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company’s stock worth $801,000 after purchasing an additional 142 shares in the last quarter. Marcum Wealth LLC boosted its holdings in shares of Shell by 3.7% in the 1st quarter. Marcum Wealth LLC now owns 4,223 shares of the energy company’s stock valued at $283,000 after buying an additional 150 shares in the last quarter. Lester Murray Antman dba SimplyRich raised its stake in shares of Shell by 0.6% during the 1st quarter. Lester Murray Antman dba SimplyRich now owns 26,743 shares of the energy company’s stock worth $1,793,000 after acquiring an additional 153 shares in the last quarter. Finally, Procyon Advisors LLC boosted its stake in Shell by 3.2% in the third quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock valued at $335,000 after acquiring an additional 159 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Trading Down 3.4 %

Shares of SHEL stock opened at $66.08 on Wednesday. The stock’s 50-day moving average price is $69.55 and its 200-day moving average price is $70.93. Shell has a 12-month low of $60.34 and a 12-month high of $74.61. The stock has a market capitalization of $208.95 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 1.57 and a beta of 0.56. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. Shell had a return on equity of 14.56% and a net margin of 5.97%. The firm had revenue of $75.06 billion during the quarter, compared to the consensus estimate of $88.62 billion. During the same period in the prior year, the company earned $1.50 EPS. Equities research analysts predict that Shell will post 8.44 EPS for the current fiscal year.

Shell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, August 16th were paid a $0.688 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a yield of 4.16%. Shell’s dividend payout ratio is currently 50.74%.

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.