Shell PLC Unsponsored ADR (NYSE:SHEL) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Shell PLC Unsponsored ADR (NYSE:SHEL) have received a consensus recommendation of “Moderate Buy” from the twenty-one analysts that are presently covering the firm, Marketbeat Ratings reports. Eleven analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $80.1625.

A number of equities analysts have recently weighed in on the company. Piper Sandler boosted their target price on Shell from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Shell in a report on Monday, December 29th. Scotiabank restated an “outperform” rating on shares of Shell in a research note on Thursday, October 9th. BNP Paribas upgraded Shell to a “strong-buy” rating in a research note on Tuesday, September 23rd. Finally, Bank of America downgraded shares of Shell from a “buy” rating to a “neutral” rating in a report on Friday, December 5th.

Institutional Trading of Shell

Several hedge funds have recently made changes to their positions in SHEL. Stolper Co increased its holdings in Shell by 3.4% in the 4th quarter. Stolper Co now owns 31,444 shares of the energy company’s stock worth $2,311,000 after acquiring an additional 1,042 shares during the last quarter. SG Americas Securities LLC boosted its position in Shell by 187.5% during the fourth quarter. SG Americas Securities LLC now owns 316,216 shares of the energy company’s stock worth $23,236,000 after purchasing an additional 677,746 shares during the period. Old Port Advisors increased its stake in shares of Shell by 8.9% in the fourth quarter. Old Port Advisors now owns 22,678 shares of the energy company’s stock worth $1,666,000 after purchasing an additional 1,862 shares in the last quarter. Ransom Advisory Ltd raised its position in shares of Shell by 13.8% in the fourth quarter. Ransom Advisory Ltd now owns 4,851 shares of the energy company’s stock valued at $356,000 after purchasing an additional 590 shares during the period. Finally, Red Spruce Capital LLC lifted its stake in shares of Shell by 1.8% during the 4th quarter. Red Spruce Capital LLC now owns 20,686 shares of the energy company’s stock valued at $1,520,000 after buying an additional 372 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors.

Shell Price Performance

Shares of NYSE:SHEL opened at $73.21 on Friday. Shell has a 1-year low of $58.54 and a 1-year high of $77.47. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock has a market cap of $210.51 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 5.31 and a beta of 0.16. The stock’s fifty day simple moving average is $73.48 and its two-hundred day simple moving average is $72.81.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, October 30th. The energy company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.14. Shell had a net margin of 5.34% and a return on equity of 10.49%. The company had revenue of $68.15 billion for the quarter, compared to analyst estimates of $70.50 billion. As a group, analysts forecast that Shell will post 7.67 EPS for the current fiscal year.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Friday, November 14th were issued a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, November 14th. Shell’s payout ratio is 58.61%.

Shell Company Profile

Shell plc (NYSE: SHEL) is a global integrated energy company that operates across the full oil and gas value chain as well as in developing lower-carbon energy solutions. The company traces its roots to the early 20th century merger of Royal Dutch Petroleum and Shell Transport and Trading, and today it is organized to explore for and produce hydrocarbons, process and refine them, manufacture petrochemicals, and market fuel, lubricants and related products under the Shell brand around the world.

Shell’s principal activities include upstream exploration and production of oil and natural gas, integrated gas operations including liquefied natural gas (LNG), and downstream refining, supply and marketing.