Analysts Set Shell PLC Unsponsored ADR (NYSE:SHEL) Target Price at $79.91

Shell PLC Unsponsored ADR (NYSE:SHEL) has received an average recommendation of “Moderate Buy” from the twenty-two brokerages that are presently covering the company, MarketBeat.com reports. Eleven investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $79.91.

SHEL has been the topic of several research reports. Bank of America lowered shares of Shell from a “buy” rating to a “neutral” rating in a research report on Friday, December 5th. Melius initiated coverage on shares of Shell in a research report on Wednesday, August 20th. They issued a “hold” rating and a $70.00 price objective for the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Shell in a report on Monday. Citigroup reiterated a “neutral” rating on shares of Shell in a research report on Monday, November 3rd. Finally, Piper Sandler lifted their price objective on Shell from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, November 10th.

Institutional Trading of Shell

Several institutional investors have recently bought and sold shares of the company. Argent Advisors Inc. grew its stake in shares of Shell by 3.3% in the third quarter. Argent Advisors Inc. now owns 4,717 shares of the energy company’s stock worth $337,000 after acquiring an additional 150 shares during the period. First PREMIER Bank raised its stake in Shell by 6.1% during the 3rd quarter. First PREMIER Bank now owns 2,653 shares of the energy company’s stock worth $190,000 after acquiring an additional 153 shares during the period. Salomon & Ludwin LLC raised its holdings in Shell by 50.5% during the second quarter. Salomon & Ludwin LLC now owns 480 shares of the energy company’s stock valued at $35,000 after acquiring an additional 161 shares during the period. Sax Wealth Advisors LLC lifted its holdings in shares of Shell by 3.9% in the first quarter. Sax Wealth Advisors LLC now owns 4,367 shares of the energy company’s stock worth $320,000 after buying an additional 164 shares in the last quarter. Finally, Seven Mile Advisory boosted its holdings in shares of Shell by 3.3% during the 2nd quarter. Seven Mile Advisory now owns 5,572 shares of the energy company’s stock valued at $392,000 after purchasing an additional 176 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Price Performance

Shares of SHEL opened at $71.55 on Monday. The firm has a market cap of $205.72 billion, a PE ratio of 14.66, a price-to-earnings-growth ratio of 3.30 and a beta of 0.16. Shell has a 52-week low of $58.54 and a 52-week high of $77.47. The business’s 50 day moving average price is $73.83 and its two-hundred day moving average price is $72.45. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, October 30th. The energy company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.14. Shell had a return on equity of 10.49% and a net margin of 5.34%.The firm had revenue of $68.15 billion during the quarter, compared to analysts’ expectations of $70.50 billion. On average, equities analysts anticipate that Shell will post 7.67 EPS for the current year.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, November 14th will be given a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, November 14th. Shell’s payout ratio is presently 58.61%.

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.