Shell plc (NYSE:SHEL) Receives Average Recommendation of “Hold” from Analysts

Shell plc (NYSE:SHEL) has earned an average rating of “Hold” from the six ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $67.00.

SHEL has been the subject of several recent research reports. Morgan Stanley raised shares of Shell from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, June 21st. Royal Bank of Canada lowered their price objective on shares of Shell from 28.00 to 27.00 and set an “outperform” rating for the company in a research note on Friday, August 11th. Finally, Piper Sandler lowered their price objective on shares of Shell from $75.00 to $67.00 in a research note on Tuesday, June 13th.

Shell Stock Performance

Shell stock opened at $65.23 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 1.46 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $219.67 billion, a PE ratio of 7.97, a P/E/G ratio of 0.80 and a beta of 0.67. The firm has a fifty day simple moving average of $62.06 and a two-hundred day simple moving average of $60.41. Shell has a twelve month low of $46.74 and a twelve month high of $65.37.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, July 27th. The energy company reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.09). The business had revenue of $76.02 billion during the quarter. Shell had a return on equity of 17.65% and a net margin of 7.94%. During the same period in the previous year, the company earned $3.04 earnings per share. Research analysts expect that Shell will post 8.64 EPS for the current year.

Shell Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Friday, August 11th were given a dividend of $0.662 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $2.65 annualized dividend and a dividend yield of 4.06%. This is a boost from Shell’s previous quarterly dividend of $0.58. Shell’s payout ratio is currently 32.40%.

Hedge Funds Weigh In On Shell

Several hedge funds and other institutional investors have recently modified their holdings of SHEL. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Shell in the first quarter worth about $25,000. Corrado Advisors LLC purchased a new stake in Shell in the fourth quarter worth about $30,000. McClarren Financial Advisors Inc. purchased a new stake in Shell in the second quarter worth about $30,000. America First Investment Advisors LLC purchased a new stake in Shell in the first quarter worth about $32,000. Finally, Venturi Wealth Management LLC purchased a new stake in Shell in the first quarter worth about $32,000. Hedge funds and other institutional investors own 9.23% 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 necessary to deliver gas to market.