Shell plc (NYSE:SHEL) Receives $82.00 Consensus Price Target from Analysts

Shell plc (NYSE:SHEL) has been assigned an average recommendation of “Buy” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $81.75.

A number of research analysts have weighed in on the stock. Citigroup raised shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a report on Friday, October 11th. Wells Fargo & Company dropped their price objective on Shell from $88.00 to $87.00 and set an “overweight” rating on the stock in a report on Monday. Scotiabank decreased their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Finally, Barclays raised shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Hobbs Group Advisors LLC purchased a new stake in shares of Shell in the 2nd quarter valued at approximately $26,000. Fortitude Family Office LLC purchased a new stake in Shell in the third quarter valued at approximately $30,000. Triad Wealth Partners LLC purchased a new position in shares of Shell during the second quarter worth $31,000. Fairscale Capital LLC acquired a new position in Shell in the second quarter valued at approximately $33,000. Finally, Valley Wealth Managers Inc. acquired a new stake in Shell during the 3rd quarter worth $33,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Price Performance

Shares of NYSE SHEL opened at $64.70 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The firm’s 50 day simple moving average is $66.53 and its 200-day simple moving average is $69.29. Shell has a 12 month low of $60.34 and a 12 month high of $74.61. The stock has a market capitalization of $200.28 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 1.94 and a beta of 0.55.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date is Friday, November 15th. Shell’s dividend payout ratio (DPR) is currently 56.58%.

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.