Shell plc (NYSE:SHEL) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Shell plc (NYSE:SHEL) have earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $85.00.

SHEL has been the subject of a number of recent analyst reports. Wolfe Research started coverage on shares of Shell in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Royal Bank of Canada raised Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Scotiabank reduced their price target on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. Argus lifted their price objective on shares of Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Finally, Wells Fargo & Company reduced their target price on shares of Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, June 21st.

Shell Price Performance

Shares of NYSE SHEL opened at $69.68 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.42. The firm’s 50-day simple moving average is $71.52 and its 200 day simple moving average is $69.07. The stock has a market cap of $220.33 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 1.63 and a beta of 0.59. Shell has a fifty-two week low of $60.13 and a fifty-two week high of $74.61.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.15. Shell had a return on equity of 14.51% and a net margin of 5.97%. The business had revenue of $75.06 billion during the quarter, compared to the consensus estimate of $88.62 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. As a group, research analysts anticipate that Shell will post 8.53 earnings per share for the current fiscal year.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, August 16th will be paid a $0.688 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.75 annualized dividend and a dividend yield of 3.95%. Shell’s payout ratio is 50.74%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Hobbs Group Advisors LLC bought a new position in shares of Shell in the second quarter worth $26,000. Valley National Advisers Inc. grew its holdings in Shell by 217.7% during the 4th quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock valued at $27,000 after buying an additional 283 shares in the last quarter. Beaird Harris Wealth Management LLC increased its position in shares of Shell by 611.1% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock valued at $29,000 after buying an additional 385 shares during the period. Triad Wealth Partners LLC purchased a new stake in shares of Shell in the second quarter worth about $31,000. Finally, Allspring Global Investments Holdings LLC grew its stake in Shell by 90.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 495 shares of the energy company’s stock valued at $33,000 after acquiring an additional 235 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.