Shell PLC Unsponsored ADR (NYSE:SHEL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Shell PLC Unsponsored ADR (NYSE:SHEL) have been assigned a consensus rating of “Moderate Buy” from the twenty-two research firms that are covering the stock, Marketbeat reports. Eleven analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $79.91.

SHEL has been the topic of several recent research reports. Piper Sandler lifted their price target on Shell from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. BNP Paribas raised Shell to a “strong-buy” rating in a research report on Tuesday, September 23rd. UBS Group downgraded Shell from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 25th. Wells Fargo & Company began coverage on shares of Shell in a report on Friday, October 17th. They issued an “equal weight” rating and a $76.00 price objective on the stock. Finally, Bank of America cut shares of Shell from a “buy” rating to a “neutral” rating in a report on Friday, December 5th.

Shell Stock Performance

Shares of SHEL opened at $72.02 on Monday. The firm has a market cap of $207.06 billion, a P/E ratio of 14.76, a PEG ratio of 3.34 and a beta of 0.16. Shell has a twelve month low of $58.54 and a twelve month high of $77.47. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The firm’s 50 day moving average price is $73.80 and its two-hundred day moving average price is $72.47.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, October 30th. The energy company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.72 by $0.14. The business had revenue of $68.15 billion for the quarter, compared to analysts’ expectations of $70.50 billion. Shell had a net margin of 5.34% and a return on equity of 10.49%. On average, analysts forecast that Shell will post 7.67 EPS for the current fiscal year.

Shell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Friday, November 14th were given a $0.716 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.0%. Shell’s payout ratio is currently 58.61%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SHEL. Westside Investment Management Inc. acquired a new stake in shares of Shell in the 2nd quarter valued at approximately $25,000. Truvestments Capital LLC lifted its stake in Shell by 102.9% in the first quarter. Truvestments Capital LLC now owns 420 shares of the energy company’s stock valued at $31,000 after acquiring an additional 213 shares during the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in shares of Shell in the 3rd quarter valued at about $31,000. Grey Fox Wealth Advisors LLC bought a new stake in shares of Shell in the 3rd quarter valued at about $34,000. Finally, Salomon & Ludwin LLC lifted its stake in Shell by 50.5% in the 2nd quarter. Salomon & Ludwin LLC now owns 480 shares of the energy company’s stock valued at $35,000 after purchasing an additional 161 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

About Shell

Shell plc (NYSE: SHEL) is a global integrated energy company that operates across the full oil and gas value chain as well as in developing lower-carbon energy solutions. The company traces its roots to the early 20th century merger of Royal Dutch Petroleum and Shell Transport and Trading, and today it is organized to explore for and produce hydrocarbons, process and refine them, manufacture petrochemicals, and market fuel, lubricants and related products under the Shell brand around the world.

Shell’s principal activities include upstream exploration and production of oil and natural gas, integrated gas operations including liquefied natural gas (LNG), and downstream refining, supply and marketing.