Shell plc (NYSE:SHEL) Given Average Recommendation of “Hold” by Analysts

Shell plc (NYSE:SHEL) has been given an average recommendation of “Hold” by the three brokerages that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $67.00.

Separately, TheStreet upgraded Shell from a “c” rating to a “b-” rating in a research note on Monday, January 29th.

Shell Price Performance

Shell stock opened at $73.27 on Wednesday. The stock’s fifty day moving average price is $67.62 and its two-hundred day moving average price is $65.86. Shell has a one year low of $55.78 and a one year high of $73.94. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.40 and a quick ratio of 1.13. The firm has a market cap of $235.75 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 1.74 and a beta of 0.62.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, February 1st. The energy company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.28. Shell had a return on equity of 14.69% and a net margin of 5.99%. The firm had revenue of $80.13 billion for the quarter, compared to analyst estimates of $89.59 billion. During the same quarter last year, the company earned $2.76 EPS. As a group, research analysts expect that Shell will post 8.16 EPS for the current fiscal year.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were paid a $0.662 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.65 annualized dividend and a dividend yield of 3.61%. Shell’s payout ratio is 48.59%.

Hedge Funds Weigh In On Shell

Hedge funds and other institutional investors have recently modified their holdings of the business. Weatherly Asset Management L. P. grew its position in Shell by 0.7% during the 1st quarter. Weatherly Asset Management L. P. now owns 54,294 shares of the energy company’s stock worth $3,640,000 after acquiring an additional 376 shares during the last quarter. Caas Capital Management LP grew its position in Shell by 30.0% during the 1st quarter. Caas Capital Management LP now owns 13,000 shares of the energy company’s stock worth $872,000 after acquiring an additional 3,000 shares during the last quarter. Mesirow Financial Investment Management Inc. bought a new stake in Shell during the 1st quarter worth $1,592,000. TI Trust Inc. grew its position in Shell by 19.9% during the 1st quarter. TI Trust Inc. now owns 4,920 shares of the energy company’s stock worth $330,000 after acquiring an additional 816 shares during the last quarter. Finally, Bogart Wealth LLC grew its position in Shell by 14.3% during the 1st quarter. Bogart Wealth LLC now owns 16,593 shares of the energy company’s stock worth $1,112,000 after acquiring an additional 2,079 shares during 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.