Shell (NYSE:SHEL) Upgraded at UBS Group

UBS Group upgraded shares of Shell (NYSE:SHEL) from a neutral rating to a buy rating in a report published on Wednesday, Marketbeat Ratings reports.

Other equities analysts also recently issued reports about the stock. Citigroup raised shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Piper Sandler dropped their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Barclays upgraded Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Scotiabank lowered their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Finally, Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a report on Friday, January 3rd. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $79.69.

Shell Stock Up 0.5 %

Shares of Shell stock opened at $65.02 on Wednesday. The firm has a market cap of $200.08 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 4.84 and a beta of 0.55. The stock has a 50-day simple moving average of $64.43 and a 200-day simple moving average of $68.10. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. Shell has a 52-week low of $60.15 and a 52-week high of $74.61.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were issued a $0.688 dividend. This represents a $2.75 annualized dividend and a yield of 4.23%. The ex-dividend date was Friday, November 15th. Shell’s dividend payout ratio is 56.58%.

Hedge Funds Weigh In On Shell

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Coronation Fund Managers Ltd. grew its stake in Shell by 7.6% in the second quarter. Coronation Fund Managers Ltd. now owns 15,201 shares of the energy company’s stock valued at $1,097,000 after acquiring an additional 1,068 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Shell in the 2nd quarter valued at about $49,000. Rhumbline Advisers boosted its position in shares of Shell by 9.8% during the second quarter. Rhumbline Advisers now owns 35,107 shares of the energy company’s stock worth $2,534,000 after buying an additional 3,143 shares during the period. Strategic Financial Concepts LLC raised its position in Shell by 2,807.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 153,492 shares of the energy company’s stock valued at $111,000 after buying an additional 148,213 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Shell in the 2nd quarter valued at approximately $2,760,000. Institutional investors own 28.60% of the company’s stock.

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.