Shell plc (NYSE:SHEL) Receives $79.11 Average Price Target from Analysts

Shares of Shell plc (NYSE:SHEL) have been assigned a consensus rating of “Buy” from the thirteen ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $79.48.

SHEL has been the subject of a number of analyst reports. Piper Sandler decreased their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Wells Fargo & Company cut their price target on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. TD Cowen started coverage on shares of Shell in a report on Wednesday. They set a “buy” rating and a $81.00 price target on the stock. Finally, TD Securities increased their price target on shares of Shell from $81.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday.

Shell Stock Performance

Shares of SHEL stock opened at $71.56 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The stock has a fifty day moving average of $66.78 and a 200 day moving average of $66.22. The firm has a market capitalization of $216.39 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 0.98 and a beta of 0.47. Shell has a 52 week low of $60.15 and a 52 week high of $74.61.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. As a group, research analysts expect that Shell will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be paid a $0.716 dividend. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend is Friday, February 14th. Shell’s dividend payout ratio (DPR) is presently 56.97%.

Hedge Funds Weigh In On Shell

Large investors have recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of Shell by 51.7% during the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock worth $468,000 after purchasing an additional 2,545 shares during the period. Private Advisor Group LLC boosted its stake in shares of Shell by 0.9% during the 4th quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company’s stock worth $2,078,000 after purchasing an additional 301 shares during the period. HF Advisory Group LLC boosted its stake in shares of Shell by 15.8% during the 4th quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock worth $1,852,000 after purchasing an additional 4,028 shares during the period. Rockefeller Capital Management L.P. boosted its position in Shell by 1.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock valued at $206,116,000 after buying an additional 46,293 shares during the period. Finally, Lockheed Martin Investment Management Co. boosted its position in Shell by 266.1% in the 4th quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company’s stock valued at $7,645,000 after buying an additional 88,700 shares during the period. 28.60% of the stock is owned by hedge funds and other institutional investors.

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.