Brokerages Set Shell plc (NYSE:SHEL) Target Price at $67.00

Shares of Shell plc (NYSE:SHEL) have been assigned an average recommendation of “Hold” from the three analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $67.00.

Separately, TheStreet raised shares of Shell from a “c” rating to a “b-” rating in a research report on Monday, January 29th.

Institutional Trading of Shell

Several institutional investors and hedge funds have recently bought and sold shares of SHEL. Provence Wealth Management Group acquired a new stake in Shell during the 3rd quarter valued at approximately $26,000. VisionPoint Advisory Group LLC acquired a new stake in Shell during the 3rd quarter valued at approximately $26,000. Rise Advisors LLC lifted its stake in Shell by 84.4% during the 4th quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock valued at $27,000 after acquiring an additional 189 shares during the period. Valley National Advisers Inc. lifted its stake in shares of Shell by 217.7% in the 4th quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock valued at $27,000 after purchasing an additional 283 shares during the period. Finally, Beaird Harris Wealth Management LLC lifted its stake in shares of Shell by 611.1% in the 4th 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. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Up 0.0 %

Shares of Shell stock opened at $73.28 on Wednesday. The firm’s 50 day moving average price is $67.62 and its 200-day moving average price is $65.87. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.38. Shell has a 52-week low of $55.78 and a 52-week high of $73.94. The company has a market cap of $235.79 billion, a P/E ratio of 12.95, a PEG ratio of 1.73 and a beta of 0.62.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.28. Shell had a net margin of 5.99% and a return on equity of 14.69%. The firm had revenue of $80.13 billion for the quarter, compared to the consensus estimate of $89.59 billion. During the same quarter in the previous year, the firm earned $2.76 EPS. On average, sell-side analysts predict that Shell will post 8.16 EPS for the current fiscal year.

Shell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, February 16th were given a dividend of $0.662 per share. This represents a $2.65 annualized dividend and a yield of 3.61%. The ex-dividend date was Thursday, February 15th. Shell’s dividend payout ratio is presently 48.59%.

Shell Company Profile

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.