Shell (NYSE:SHEL) Price Target Increased to $88.00 by Analysts at Wells Fargo & Company

Shell (NYSE:SHEL) had its price objective upped by Wells Fargo & Company from $84.00 to $88.00 in a research note published on Tuesday, Benzinga reports. They currently have an overweight rating on the energy company’s stock.

Several other research analysts have also recently issued reports on SHEL. Citigroup raised shares of Shell to a hold rating in a report on Wednesday, October 2nd. Wolfe Research assumed coverage on Shell in a research note on Thursday, July 18th. They set a peer perform rating on the stock. Royal Bank of Canada upgraded Shell to a moderate buy rating in a research note on Tuesday, July 30th. Berenberg Bank upgraded Shell to a strong-buy rating in a report on Monday, August 5th. Finally, Scotiabank lowered their target price on shares of Shell from $95.00 to $90.00 and set a sector outperform rating on the stock in a research note on Friday, July 12th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $84.50.

Shell Price Performance

SHEL stock opened at $68.27 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. The firm has a market capitalization of $213.74 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 1.56 and a beta of 0.56. The firm has a 50 day moving average price of $69.82 and a 200-day moving average price of $70.89. Shell has a 52-week low of $60.34 and a 52-week high of $74.61.

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

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were given a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a dividend yield of 4.03%. The ex-dividend date was Friday, August 16th. Shell’s payout ratio is currently 50.74%.

Institutional Trading of Shell

Large investors have recently added to or reduced their stakes in the business. Hobbs Group Advisors LLC bought a new stake in shares of Shell during the 2nd quarter valued at $26,000. Beaird Harris Wealth Management LLC grew its holdings in Shell by 611.1% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock valued at $29,000 after purchasing an additional 385 shares during the period. Triad Wealth Partners LLC purchased a new stake in Shell in the second quarter worth about $31,000. Fairscale Capital LLC bought a new position in shares of Shell in the second quarter worth about $33,000. Finally, Fairman Group LLC bought a new position in shares of Shell during the 4th quarter valued at approximately $45,000. 28.60% of the stock is currently owned by institutional investors.

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.