Shell (NYSE:SHEL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Shell (NYSE:SHEL) from a hold rating to a buy rating in a research note published on Saturday.

SHEL has been the topic of a number of other reports. HSBC reaffirmed a “hold” rating and set a $78.30 price objective (down from $78.90) on shares of Shell in a report on Monday, August 4th. Piper Sandler upped their price target on Shell from $82.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Citigroup reissued a “neutral” rating on shares of Shell in a report on Monday, November 3rd. Wells Fargo & Company initiated coverage on shares of Shell in a report on Friday, October 17th. They issued an “equal weight” rating and a $76.00 target price on the stock. Finally, Melius initiated coverage on shares of Shell in a report on Wednesday, August 20th. They set a “hold” rating and a $70.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Shell currently has a consensus rating of “Moderate Buy” and an average target price of $79.91.

Shell Stock Up 1.2%

SHEL opened at $76.50 on Friday. The company has a market capitalization of $222.29 billion, a P/E ratio of 17.23, a P/E/G ratio of 1.81 and a beta of 0.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.07. The firm’s fifty day moving average price is $73.09 and its two-hundred day moving average price is $71.04. Shell has a fifty-two week low of $58.54 and a fifty-two week high of $76.68.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, October 30th. The energy company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.14. The company had revenue of $68.15 billion during the quarter, compared to the consensus estimate of $70.50 billion. Shell had a net margin of 4.93% and a return on equity of 10.67%. On average, analysts anticipate that Shell will post 7.67 EPS for the current year.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, November 14th will be issued a $0.716 dividend. The ex-dividend date is Friday, November 14th. This represents a $2.86 annualized dividend and a yield of 3.7%. Shell’s dividend payout ratio (DPR) is currently 58.61%.

Institutional Investors Weigh In On Shell

A number of institutional investors and hedge funds have recently modified their holdings of SHEL. Brighton Jones LLC increased its stake in Shell by 51.7% in the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock valued at $468,000 after purchasing an additional 2,545 shares in the last quarter. Brown Advisory Inc. increased its position in shares of Shell by 1.0% in the 1st quarter. Brown Advisory Inc. now owns 42,275 shares of the energy company’s stock valued at $3,098,000 after buying an additional 400 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Shell by 46.8% during the first quarter. Nisa Investment Advisors LLC now owns 3,139 shares of the energy company’s stock worth $230,000 after acquiring an additional 1,000 shares in the last quarter. Allworth Financial LP grew its stake in Shell by 16.9% in the first quarter. Allworth Financial LP now owns 33,929 shares of the energy company’s stock valued at $2,486,000 after acquiring an additional 4,911 shares during the period. Finally, Fidelis Capital Partners LLC increased its holdings in shares of Shell by 8.2% in the first quarter. Fidelis Capital Partners LLC now owns 10,550 shares of the energy company’s stock worth $773,000 after acquiring an additional 797 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

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.