Shell (NYSE:SHEL) Upgraded to “Buy” at UBS Group

UBS Group upgraded shares of Shell (NYSE:SHEL) from a neutral rating to a buy rating in a research note issued to investors on Wednesday morning, Marketbeat.com reports.

SHEL has been the topic of a number of other research reports. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $66.50 to $79.80 in a report on Tuesday. Wells Fargo & Company decreased their price target on shares of Shell from $88.00 to $87.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Friday, January 3rd. Scotiabank cut their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Finally, Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Shell currently has an average rating of “Buy” and an average price target of $79.83.

Shell Stock Down 1.9 %

Shell stock opened at $64.68 on Wednesday. The company has a market capitalization of $199.04 billion, a P/E ratio of 13.31, a P/E/G ratio of 4.84 and a beta of 0.55. Shell has a 1-year low of $60.15 and a 1-year high of $74.61. The firm’s fifty day simple moving average is $64.50 and its 200-day simple moving average is $68.15. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

Shell Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were given a dividend of $0.688 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.25%. Shell’s payout ratio is 56.58%.

Hedge Funds Weigh In On Shell

Several hedge funds have recently added to or reduced their stakes in the company. Fairscale Capital LLC acquired a new position in Shell in the second quarter valued at about $33,000. Fortitude Family Office LLC acquired a new position in Shell in the 3rd quarter worth $30,000. Valley Wealth Managers Inc. acquired a new stake in shares of Shell in the 3rd quarter valued at about $33,000. Brooklyn Investment Group acquired a new position in shares of Shell during the third quarter worth about $35,000. Finally, GHP Investment Advisors Inc. grew its holdings in shares of Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after buying an additional 163 shares in the last quarter. 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 to deliver gas to market.