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

Shell plc (NYSE:SHEL) has been given a consensus recommendation of “Hold” by the three brokerages that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $67.00.

Separately, TheStreet raised shares of Shell from a “c” rating to a “b-” rating in a research note on Monday, January 29th.

Shell Stock Performance

Shell stock opened at $73.28 on Wednesday. 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 company has a market capitalization of $235.79 billion, a PE ratio of 12.95, a P/E/G ratio of 1.73 and a beta of 0.62. The firm has a fifty day simple moving average of $67.62 and a two-hundred day simple moving average of $65.87. Shell has a twelve month low of $55.78 and a twelve month high of $73.94.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.28. The business had revenue of $80.13 billion during the quarter, compared to the consensus estimate of $89.59 billion. Shell had a net margin of 5.99% and a return on equity of 14.69%. During the same period in the previous year, the firm posted $2.76 earnings per share. Research analysts expect that Shell will post 8.16 EPS for the current year.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were paid a dividend of $0.662 per share. This represents a $2.65 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, February 15th. Shell’s dividend payout ratio (DPR) is 48.59%.

Hedge Funds Weigh In On Shell

Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC increased its position in shares of Shell by 29.1% during the third quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock valued at $1,872,666,000 after buying an additional 6,554,340 shares during the period. Invesco Ltd. increased its position in shares of Shell by 162.9% during the third quarter. Invesco Ltd. now owns 1,763,562 shares of the energy company’s stock valued at $113,538,000 after buying an additional 1,092,670 shares during the period. Mawer Investment Management Ltd. increased its position in shares of Shell by 19.9% during the fourth quarter. Mawer Investment Management Ltd. now owns 5,325,276 shares of the energy company’s stock valued at $350,403,000 after buying an additional 885,069 shares during the period. Wellington Management Group LLP grew its holdings in Shell by 10.7% in the third quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock worth $562,866,000 after purchasing an additional 848,104 shares during the period. Finally, L1 Capital Pty Ltd grew its holdings in Shell by 188.7% in the third quarter. L1 Capital Pty Ltd now owns 1,224,617 shares of the energy company’s stock worth $78,841,000 after purchasing an additional 800,365 shares during the period. 28.60% of the stock is owned by 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.