TD Securities Boosts Shell (NYSE:SHEL) Price Target to $81.00

Shell (NYSE:SHEL) had its target price raised by TD Securities from $74.00 to $81.00 in a report issued on Friday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the energy company’s stock.

Separately, TheStreet upgraded Shell from a c rating to a b- rating in a research note on Monday, January 29th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $66.50.

Shell Price Performance

Shares of NYSE:SHEL opened at $72.80 on Friday. Shell has a twelve month low of $55.78 and a twelve month high of $73.94. The firm’s 50 day moving average price is $68.62 and its 200-day moving average price is $66.05. The company has a quick ratio of 1.14, a current ratio of 1.42 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $234.23 billion, a PE ratio of 13.43, a price-to-earnings-growth ratio of 1.70 and a beta of 0.59.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, May 17th will be paid a $0.688 dividend. This represents a $2.75 annualized dividend and a yield of 3.78%. This is an increase from Shell’s previous quarterly dividend of $0.66. The ex-dividend date is Thursday, May 16th. Shell’s dividend payout ratio (DPR) is 50.74%.

Hedge Funds Weigh In On Shell

Several hedge funds and other institutional investors have recently bought and sold shares of SHEL. FMR LLC increased its position in shares of Shell by 29.1% in the third quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock valued at $1,872,666,000 after buying an additional 6,554,340 shares in the last quarter. Invesco Ltd. increased its holdings in Shell by 162.9% during the 3rd quarter. Invesco Ltd. now owns 1,763,562 shares of the energy company’s stock worth $113,538,000 after purchasing an additional 1,092,670 shares during the period. Mawer Investment Management Ltd. raised its position in Shell by 19.9% during the 4th quarter. Mawer Investment Management Ltd. now owns 5,325,276 shares of the energy company’s stock worth $350,403,000 after buying an additional 885,069 shares during the last quarter. Wellington Management Group LLP raised its holdings in Shell by 10.7% during the third quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock worth $562,866,000 after purchasing an additional 848,104 shares in the last quarter. Finally, L1 Capital Pty Ltd lifted its holdings in shares of Shell by 188.7% in the 3rd quarter. L1 Capital Pty Ltd now owns 1,224,617 shares of the energy company’s stock valued at $78,841,000 after buying an additional 800,365 shares during the period. Institutional investors and hedge funds 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.