Shell (NYSE:SHEL) Rating Increased to Outperform at Wolfe Research

Wolfe Research upgraded shares of Shell (NYSE:SHEL) from a peer perform rating to an outperform rating in a research report report published on Friday morning, Marketbeat.com reports. The brokerage currently has $80.00 target price on the energy company’s stock.

SHEL has been the topic of a number of other reports. Scotiabank dropped their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Wells Fargo & Company dropped their target price on Shell from $88.00 to $87.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. Citigroup upgraded shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Piper Sandler cut their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $79.83.

Shell Price Performance

SHEL stock opened at $64.52 on Friday. The business has a 50 day simple moving average of $64.52 and a 200-day simple moving average of $68.22. The company has a market capitalization of $198.54 billion, a P/E ratio of 13.28, a PEG ratio of 4.84 and a beta of 0.55. Shell has a twelve month low of $60.15 and a twelve month high of $74.61. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were paid a dividend of $0.688 per share. The ex-dividend date was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.27%. Shell’s dividend payout ratio (DPR) is presently 56.58%.

Institutional Trading of Shell

Institutional investors have recently added to or reduced their stakes in the stock. Procyon Advisors LLC lifted its position in shares of Shell by 3.2% during the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock valued at $335,000 after acquiring an additional 159 shares during the period. GHP Investment Advisors Inc. raised its holdings in Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after purchasing an additional 163 shares during the last quarter. Beddow Capital Management Inc. grew its holdings in Shell by 0.3% in the second quarter. Beddow Capital Management Inc. now owns 61,061 shares of the energy company’s stock valued at $4,407,000 after purchasing an additional 165 shares during the last quarter. Certuity LLC increased its position in shares of Shell by 1.7% in the second quarter. Certuity LLC now owns 9,923 shares of the energy company’s stock valued at $716,000 after buying an additional 169 shares in the last quarter. Finally, OneDigital Investment Advisors LLC boosted its position in shares of Shell by 2.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,889 shares of the energy company’s stock worth $520,000 after buying an additional 196 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

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.