Shell (NYSE:SHEL) Issues Quarterly Earnings Results

Shell (NYSE:SHEL) announced its earnings results on Thursday. The energy company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.54), Zacks reports. Shell had a net margin of 5.17% and a return on equity of 14.54%.

Shell Price Performance

Shares of SHEL stock opened at $65.82 on Friday. Shell has a twelve month low of $60.15 and a twelve month high of $74.61. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The company has a market cap of $201.23 billion, a P/E ratio of 13.54, a P/E/G ratio of 6.46 and a beta of 0.55. The business has a fifty day simple moving average of $64.17 and a 200 day simple moving average of $67.36.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be issued a $0.716 dividend. This is a positive change from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend is Friday, February 14th. Shell’s dividend payout ratio (DPR) is currently 56.58%.

Wall Street Analysts Forecast Growth

SHEL has been the topic of several research analyst reports. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Friday, January 3rd. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Piper Sandler lowered their price target on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Finally, UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $79.11.

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.