Shell (LON:SHEL) Shares Down 0.3% – Should You Sell?

Shell plc (LON:SHEL)’s share price traded down 0.3% during trading on Friday . The company traded as low as GBX 2,492.50 ($31.46) and last traded at GBX 2,498.50 ($31.53). 7,002,343 shares traded hands during trading, a decline of 39% from the average session volume of 11,392,912 shares. The stock had previously closed at GBX 2,505 ($31.62).

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SHEL shares. Bank of America reissued a “buy” rating and set a GBX 3,400 ($42.91) price objective on shares of Shell in a research note on Wednesday, September 4th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Shell in a research note on Tuesday, September 24th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 3,400 ($42.91).

Shell Price Performance

The company has a fifty day simple moving average of GBX 2,550.15 and a 200-day simple moving average of GBX 2,658.22. The company has a market cap of £154.41 billion, a P/E ratio of 1,162.09, a PEG ratio of 2.50 and a beta of 0.51. The company has a debt-to-equity ratio of 40.32, a current ratio of 1.41 and a quick ratio of 0.87.

Shell Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.34 per share. This represents a dividend yield of 1.06%. The ex-dividend date is Thursday, November 14th. Shell’s dividend payout ratio (DPR) is currently 4,883.72%.

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.