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

Shell plc (NYSE:SHEL) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $85.00.

SHEL has been the subject of several research analyst reports. Scotiabank cut their target price on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Argus increased their target price on shares of Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Wells Fargo & Company cut their price target on Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, June 21st. Berenberg Bank raised Shell to a “strong-buy” rating in a report on Monday, August 5th. Finally, Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research note on Tuesday, July 30th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Clearbridge Investments LLC lifted its holdings in Shell by 0.7% during the 2nd quarter. Clearbridge Investments LLC now owns 90,242 shares of the energy company’s stock valued at $6,514,000 after purchasing an additional 610 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of Shell by 2.5% in the 2nd quarter. Truist Financial Corp now owns 305,661 shares of the energy company’s stock worth $22,063,000 after acquiring an additional 7,327 shares in the last quarter. Regency Capital Management Inc. DE grew its position in Shell by 3.2% during the 2nd quarter. Regency Capital Management Inc. DE now owns 109,194 shares of the energy company’s stock worth $7,882,000 after acquiring an additional 3,420 shares during the last quarter. Brandes Investment Partners LP raised its position in Shell by 0.7% in the 2nd quarter. Brandes Investment Partners LP now owns 1,447,449 shares of the energy company’s stock valued at $104,271,000 after purchasing an additional 9,609 shares during the last quarter. Finally, Kimelman & Baird LLC acquired a new position in Shell in the second quarter worth $5,065,000. 28.60% of the stock is owned by institutional investors.

Shell Stock Down 1.2 %

SHEL stock opened at $71.66 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.41 and a quick ratio of 1.12. The company has a 50-day moving average of $72.20 and a two-hundred day moving average of $70.17. The stock has a market capitalization of $226.59 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 1.60 and a beta of 0.59. Shell has a 52-week low of $60.34 and a 52-week high of $74.61.

Shell (NYSE:SHEL) last released its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. Shell had a return on equity of 14.56% and a net margin of 5.97%. The firm had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. During the same quarter last year, the firm posted $1.50 EPS. As a group, equities research analysts anticipate that Shell will post 8.63 EPS for the current year.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, August 16th will be paid a $0.688 dividend. This represents a $2.75 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Friday, August 16th. Shell’s dividend payout ratio is 50.74%.

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.