Analysts Set Shell PLC Unsponsored ADR (NYSE:SHEL) Target Price at $79.41

Shell PLC Unsponsored ADR (NYSE:SHEL) has earned a consensus recommendation of “Moderate Buy” from the nineteen ratings firms that are presently covering the company, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $79.41.

Several analysts have weighed in on SHEL shares. Melius started coverage on Shell in a research note on Wednesday, August 20th. They set a “hold” rating and a $70.00 price target on the stock. Hsbc Global Res downgraded Shell from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 4th. Wolfe Research downgraded Shell from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, October 8th. BNP Paribas upgraded Shell to a “strong-buy” rating in a research note on Tuesday, September 23rd. Finally, HSBC restated a “hold” rating and issued a $78.30 target price (down previously from $78.90) on shares of Shell in a research note on Monday, August 4th.

Shell Stock Down 0.7%

Shell stock opened at $75.02 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.32. The business’s 50-day simple moving average is $72.82 and its two-hundred day simple moving average is $70.31. The company has a market cap of $217.98 billion, a PE ratio of 16.90, a PEG ratio of 1.81 and a beta of 0.39. Shell has a fifty-two week low of $58.54 and a fifty-two week high of $76.28.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.29. The business had revenue of $66.44 billion for the quarter, compared to the consensus estimate of $69.31 billion. Shell had a return on equity of 10.67% and a net margin of 4.93%. Equities analysts anticipate that Shell will post 7.67 EPS for the current year.

Shell Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, August 15th were paid a $0.716 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.8%. Shell’s dividend payout ratio is presently 64.41%.

Hedge Funds Weigh In On Shell

Large investors have recently bought and sold shares of the business. Avalon Trust Co acquired a new position in Shell in the 1st quarter worth about $25,000. Westside Investment Management Inc. acquired a new position in Shell in the 2nd quarter worth about $25,000. Truvestments Capital LLC raised its holdings in Shell by 102.9% in the 1st quarter. Truvestments Capital LLC now owns 420 shares of the energy company’s stock worth $31,000 after purchasing an additional 213 shares during the period. Steigerwald Gordon & Koch Inc. acquired a new position in Shell in the 3rd quarter worth about $31,000. Finally, Salomon & Ludwin LLC raised its holdings in Shell by 50.5% in the 2nd quarter. Salomon & Ludwin LLC now owns 480 shares of the energy company’s stock worth $35,000 after purchasing an additional 161 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

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.