Shell plc (NYSE:SHEL) Receives $67.00 Consensus Target Price from Analysts

Shares of Shell plc (NYSE:SHEL) have received an average recommendation of “Hold” from the three research firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $67.00.

SHEL has been the subject of several recent research reports. TheStreet raised Shell from a “c” rating to a “b-” rating in a research note on Monday, January 29th. BNP Paribas cut Shell from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 13th.

Shell Price Performance

Shares of SHEL opened at $67.92 on Friday. Shell has a 12-month low of $55.78 and a 12-month high of $68.74. The business has a 50-day simple moving average of $64.35 and a two-hundred day simple moving average of $64.90. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.38. The stock has a market cap of $221.56 billion, a PE ratio of 12.00, a PEG ratio of 2.03 and a beta of 0.61.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.28. The business had revenue of $80.13 billion during the quarter, compared to analysts’ expectations of $89.59 billion. Shell had a return on equity of 14.69% and a net margin of 5.99%. During the same quarter in the prior year, the firm earned $2.76 EPS. Analysts anticipate that Shell will post 8.25 earnings per share for the current fiscal year.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, February 16th were given a dividend of $0.662 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.65 annualized dividend and a dividend yield of 3.90%. Shell’s payout ratio is 48.59%.

Institutional Investors Weigh In On Shell

Several institutional investors and hedge funds have recently made changes to their positions in SHEL. Acadian Asset Management LLC bought a new position in Shell in the first quarter worth approximately $443,000. Yousif Capital Management LLC bought a new position in Shell in the first quarter worth approximately $3,322,000. Synovus Financial Corp bought a new position in Shell in the first quarter worth approximately $1,018,000. Vontobel Holding Ltd. bought a new position in Shell in the first quarter worth approximately $791,000. Finally, Blair William & Co. IL bought a new position in Shell in the first quarter worth approximately $2,090,000. Institutional investors own 28.60% 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.