Shell plc (NYSE:SHEL) Receives $79.11 Average PT from Analysts

Shares of Shell plc (NYSE:SHEL) have been assigned an average rating of “Buy” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $79.11.

Several equities research analysts have recently weighed in on SHEL shares. Piper Sandler lowered their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Wells Fargo & Company reduced their price target on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Friday, January 3rd. Finally, Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Valley National Advisers Inc. increased its position in shares of Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after acquiring an additional 400 shares during the period. CoreFirst Bank & Trust purchased a new stake in Shell during the 4th quarter valued at about $28,000. Fortitude Family Office LLC purchased a new position in shares of Shell in the third quarter worth about $30,000. Human Investing LLC purchased a new stake in Shell in the fourth quarter valued at approximately $31,000. Finally, Valley Wealth Managers Inc. acquired a new position in Shell in the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Up 0.3 %

Shares of NYSE SHEL opened at $66.90 on Tuesday. Shell has a 52-week low of $60.15 and a 52-week high of $74.61. The firm has a market capitalization of $203.47 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.98 and a beta of 0.54. The stock has a 50 day moving average price of $64.99 and a 200 day moving average price of $66.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. Sell-side analysts expect that Shell will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be paid a $0.716 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a yield of 4.28%. Shell’s dividend payout ratio (DPR) is 56.97%.

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.