Shell plc (NYSE:SHEL) Receives $79.80 Consensus Target Price from Analysts

Shell plc (NYSE:SHEL) has been given an average recommendation of “Buy” by the ten analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $79.83.

A number of equities analysts have recently commented on SHEL shares. Piper Sandler reduced their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Scotiabank decreased their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a report on Friday, October 11th. Wells Fargo & Company dropped their price target on shares of Shell from $88.00 to $87.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Finally, Barclays upgraded shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd.

Shell Price Performance

NYSE SHEL opened at $64.52 on Monday. Shell has a 12-month low of $60.15 and a 12-month high of $74.61. The firm’s 50 day moving average is $64.52 and its 200-day moving average is $68.23. The company has a market capitalization of $198.54 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 4.84 and a beta of 0.55. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were issued a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date was Friday, November 15th. Shell’s dividend payout ratio is 56.58%.

Institutional Investors Weigh In On Shell

Hedge funds and other institutional investors have recently modified their holdings of the company. Fortitude Family Office LLC bought a new stake in Shell in the 3rd quarter valued at about $30,000. Fairscale Capital LLC bought a new stake in shares of Shell in the second quarter valued at approximately $33,000. Valley Wealth Managers Inc. bought a new position in Shell during the 3rd quarter worth $33,000. Brooklyn Investment Group acquired a new position in Shell in the 3rd quarter valued at $35,000. Finally, GHP Investment Advisors Inc. grew its holdings in shares of Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after purchasing an additional 163 shares in the last quarter. Institutional investors and hedge funds 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.