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

Shell plc (NYSE:SHEL) has received an average rating of “Buy” from the ten research firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $82.00.

A number of research analysts have recently issued reports on the stock. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Barclays upgraded shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Citigroup upgraded shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Scotiabank dropped their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Finally, Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th.

Institutional Investors Weigh In On Shell

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in shares of Shell by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company’s stock worth $1,640,082,000 after acquiring an additional 96,549 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Shell by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company’s stock worth $450,180,000 after purchasing an additional 772,736 shares in the last quarter. Westwood Global Investments LLC grew its position in Shell by 4.1% in the 2nd quarter. Westwood Global Investments LLC now owns 2,546,523 shares of the energy company’s stock worth $183,808,000 after purchasing an additional 100,379 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Shell by 6.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,248,366 shares of the energy company’s stock worth $162,287,000 after purchasing an additional 136,139 shares in the last quarter. Finally, Mondrian Investment Partners LTD grew its position in Shell by 83.2% in the 1st quarter. Mondrian Investment Partners LTD now owns 2,187,872 shares of the energy company’s stock worth $146,675,000 after purchasing an additional 993,342 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Stock Down 0.1 %

Shares of NYSE SHEL opened at $67.01 on Wednesday. The company has a market capitalization of $208.54 billion, a P/E ratio of 11.97, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56. Shell has a 52-week low of $60.34 and a 52-week high of $74.61. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. The company’s 50 day moving average price is $69.00 and its 200-day moving average price is $70.82.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. The firm had revenue of $75.06 billion for the quarter, compared to the consensus estimate of $88.62 billion. Shell had a net margin of 5.97% and a return on equity of 14.56%. During the same quarter in the previous year, the company earned $1.50 EPS. Equities analysts forecast that Shell will post 8.45 earnings per share for the current year.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were given a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend was Friday, August 16th. Shell’s payout ratio is presently 49.11%.

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.