Shell plc (NYSE:SHEL) Receives $79.80 Consensus Target Price from Analysts

Shell plc (NYSE:SHEL) has been given a consensus recommendation of “Buy” by the ten brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $79.83.

Several research firms have weighed in on SHEL. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Friday. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a report on Friday, October 11th. Barclays upgraded Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Scotiabank decreased their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, Wells Fargo & Company cut their target price on shares of Shell from $88.00 to $87.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th.

Institutional Trading of Shell

Several hedge funds have recently added to or reduced their stakes in the business. NorthCrest Asset Manangement LLC increased its holdings in shares of Shell by 6.4% in the third quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock worth $247,000 after acquiring an additional 225 shares in the last quarter. Foresight Global Investors Inc. bought a new position in Shell in the second quarter valued at approximately $1,472,000. Rockefeller Capital Management L.P. increased its position in shares of Shell by 1.5% during the third quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock worth $206,116,000 after acquiring an additional 46,293 shares in the last quarter. Creative Planning raised its holdings in shares of Shell by 11.3% during the second quarter. Creative Planning now owns 292,587 shares of the energy company’s stock worth $21,119,000 after acquiring an additional 29,677 shares during the period. Finally, Mawer Investment Management Ltd. boosted its stake in Shell by 8.7% in the 3rd quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock worth $348,405,000 after purchasing an additional 422,329 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Price Performance

Shares of SHEL stock opened at $64.52 on Monday. The stock’s fifty day moving average is $64.52 and its 200-day moving average is $68.23. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. Shell has a 52 week low of $60.15 and a 52 week high of $74.61. The stock has a market capitalization of $198.54 billion, a PE ratio of 13.28, a PEG ratio of 4.84 and a beta of 0.55.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were issued a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s dividend payout ratio is currently 56.58%.

About Shell

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.