Shell (NYSE:SHEL) Hits New 1-Year High at $68.97

Shares of Shell plc (NYSE:SHELGet Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $68.97 and last traded at $68.93, with a volume of 871554 shares traded. The stock had previously closed at $67.92.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. TheStreet raised shares of Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th. BNP Paribas downgraded shares of Shell from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 13th.

View Our Latest Report on SHEL

Shell Price Performance

The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $222.18 billion, a P/E ratio of 12.00, a price-to-earnings-growth ratio of 2.03 and a beta of 0.62. The stock has a 50 day moving average of $64.35 and a 200-day moving average of $64.90.

Shell (NYSE:SHELGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.28. Shell had a return on equity of 14.69% and a net margin of 5.99%. The firm had revenue of $80.13 billion during the quarter, compared to analyst estimates of $89.59 billion. During the same period last year, the company earned $2.76 EPS. On average, equities research analysts anticipate that Shell plc will post 8.25 earnings per share for the current fiscal year.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, February 16th were issued a dividend of $0.662 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.65 annualized dividend and a yield of 3.85%. Shell’s payout ratio is currently 48.59%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SHEL. Provence Wealth Management Group purchased a new position in Shell during the 3rd quarter worth $26,000. VisionPoint Advisory Group LLC purchased a new position in Shell during the 3rd quarter worth $26,000. Rise Advisors LLC increased its holdings in Shell by 84.4% during the 4th quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock worth $27,000 after purchasing an additional 189 shares during the period. Valley National Advisers Inc. increased its holdings in shares of Shell by 217.7% in the 4th quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock valued at $27,000 after acquiring an additional 283 shares during the period. Finally, Beaird Harris Wealth Management LLC increased its holdings in shares of Shell by 611.1% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock valued at $29,000 after acquiring an additional 385 shares during the period. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

About Shell

(Get Free Report)

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 necessary to deliver gas to market.

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