Analysts Set Shell plc (NYSE:SHEL) Target Price at $79.69

Shares of Shell plc (NYSE:SHEL) have been given an average recommendation of “Buy” by the twelve research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $79.69.

SHEL has been the topic of a number of analyst reports. Barclays raised shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Piper Sandler dropped their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Wells Fargo & Company reduced their target price on Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Finally, UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Coronation Fund Managers Ltd. raised its position in Shell by 7.6% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 15,201 shares of the energy company’s stock worth $1,097,000 after purchasing an additional 1,068 shares during the period. Hsbc Holdings PLC boosted its holdings in Shell by 46.0% during the 2nd quarter. Hsbc Holdings PLC now owns 42,220 shares of the energy company’s stock valued at $3,048,000 after acquiring an additional 13,299 shares during the period. AE Wealth Management LLC grew its position in Shell by 13.2% during the 2nd quarter. AE Wealth Management LLC now owns 12,106 shares of the energy company’s stock worth $874,000 after acquiring an additional 1,416 shares during the last quarter. Marshall Wace LLP lifted its position in Shell by 147.8% in the second quarter. Marshall Wace LLP now owns 152,146 shares of the energy company’s stock valued at $10,982,000 after purchasing an additional 90,746 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Shell by 74.8% during the second quarter. Cubist Systematic Strategies LLC now owns 96,362 shares of the energy company’s stock valued at $6,955,000 after purchasing an additional 41,231 shares during the period. 28.60% of the stock is currently owned by institutional investors.

Shell Stock Performance

Shares of SHEL opened at $64.61 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The firm has a market cap of $197.53 billion, a PE ratio of 13.29, a PEG ratio of 5.89 and a beta of 0.55. Shell has a 1 year low of $60.15 and a 1 year high of $74.61. The stock’s fifty day moving average price is $64.19 and its two-hundred day moving average price is $67.44.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.72 by $0.20. Shell had a net margin of 5.17% and a return on equity of 14.54%. The business had revenue of $72.46 billion for the quarter, compared to the consensus estimate of $84.58 billion. During the same period in the prior year, the firm earned $1.86 earnings per share. On average, equities research analysts forecast that Shell will post 8.16 EPS for the current year.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were issued a dividend of $0.688 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.26%. Shell’s dividend payout ratio is 56.58%.

About Shell

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.