Shell (NYSE:SHEL) Given New $82.00 Price Target at TD Securities

Shell (NYSE:SHEL) had its price objective raised by TD Securities from $81.00 to $82.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a buy rating on the energy company’s stock.

A number of other analysts also recently issued reports on the stock. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Friday, January 3rd. TD Cowen started coverage on Shell in a research report on Wednesday. They set a “buy” rating and a $81.00 price target on the stock. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Piper Sandler decreased their price target on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Finally, Wells Fargo & Company reduced their price objective on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $79.48.

Shell Trading Up 0.8 %

Shares of SHEL stock opened at $71.56 on Wednesday. Shell has a 12-month low of $60.15 and a 12-month high of $74.61. The firm has a 50 day moving average price of $66.78 and a two-hundred day moving average price of $66.22. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $216.39 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. As a group, analysts predict that Shell will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be given a $0.716 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 4.00%. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio (DPR) is currently 56.97%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SHEL. First Wilshire Securities Management Inc. raised its position in Shell by 1.6% in the fourth quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company’s stock valued at $596,000 after purchasing an additional 153 shares during the last quarter. Foster Group Inc. raised its holdings in Shell by 5.0% in the 4th quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock valued at $213,000 after buying an additional 162 shares during the last quarter. Titleist Asset Management LLC boosted its position in Shell by 3.1% during the 4th quarter. Titleist Asset Management LLC now owns 5,526 shares of the energy company’s stock worth $346,000 after buying an additional 164 shares during the period. Warther Private Wealth LLC increased its position in Shell by 5.5% in the 4th quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company’s stock valued at $205,000 after acquiring an additional 169 shares during the period. Finally, Klingman & Associates LLC raised its stake in shares of Shell by 5.2% during the fourth quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company’s stock valued at $214,000 after acquiring an additional 170 shares during the last quarter. 28.60% of the stock is currently 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.