Shell (NYSE:SHEL) Price Target Raised to $79.00 at Argus

Shell (NYSE:SHELFree Report) had its price target lifted by Argus from $77.00 to $79.00 in a research note released on Thursday, Benzinga reports. Argus currently has a buy rating on the energy company’s stock.

Several other analysts have also recently commented on the company. Wells Fargo & Company raised their target price on Shell from $88.00 to $91.00 and gave the stock an overweight rating in a research report on Friday, May 3rd. TD Securities raised their target price on Shell from $74.00 to $81.00 and gave the stock a buy rating in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $69.00.

Read Our Latest Stock Report on Shell

Shell Stock Performance

Shares of NYSE SHEL opened at $70.27 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.42 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $224.52 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 1.80 and a beta of 0.60. The stock’s fifty day simple moving average is $71.71 and its 200 day simple moving average is $66.97. Shell has a 52-week low of $57.43 and a 52-week high of $74.61.

Shell (NYSE:SHELGet Free Report) last issued its earnings results on Thursday, May 2nd. The energy company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.51. The business had revenue of $74.70 billion for the quarter, compared to analysts’ expectations of $88.03 billion. Shell had a return on equity of 13.83% and a net margin of 5.83%. As a group, sell-side analysts forecast that Shell will post 8.37 earnings per share for the current fiscal year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 17th will be given a dividend of $0.688 per share. This is a boost from Shell’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.75 dividend on an annualized basis and a yield of 3.92%. Shell’s dividend payout ratio (DPR) is presently 50.74%.

Institutional Trading of Shell

Institutional investors have recently bought and sold shares of the company. Team Hewins LLC acquired a new stake in Shell during the fourth quarter valued at $769,000. Private Trust Co. NA lifted its position in shares of Shell by 14.7% in the fourth quarter. Private Trust Co. NA now owns 10,532 shares of the energy company’s stock worth $693,000 after buying an additional 1,348 shares during the last quarter. Westwood Global Investments LLC lifted its position in shares of Shell by 14.4% in the fourth quarter. Westwood Global Investments LLC now owns 2,417,326 shares of the energy company’s stock worth $159,060,000 after buying an additional 304,871 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in shares of Shell in the fourth quarter worth about $22,628,000. Finally, Pingora Partners LLC acquired a new stake in shares of Shell in the fourth quarter worth about $1,306,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Shell (NYSE:SHEL)

Receive News & Ratings for Shell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shell and related companies with MarketBeat.com's FREE daily email newsletter.