Shell (LON:SHEL) Sets New 1-Year High at $2,801.00

Shares of Shell plc (LON:SHEL - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 2,801 ($35.45) and last traded at GBX 2,799.62 ($35.43), with a volume of 1991095 shares trading hands. The stock had previously closed at GBX 2,780 ($35.19).

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Berenberg Bank cut their price objective on shares of Shell from GBX 3,000 ($37.97) to GBX 2,950 ($37.34) and set a "buy" rating for the company in a research report on Friday, February 16th. Barclays reaffirmed an "overweight" rating and set a GBX 3,800 ($48.10) price objective on shares of Shell in a research report on Monday. Royal Bank of Canada reaffirmed an "outperform" rating and set a GBX 3,000 ($37.97) price objective on shares of Shell in a research report on Monday. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Shell in a research report on Tuesday, February 20th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of GBX 3,086 ($39.06).

Shell Price Performance

The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 43.34. The stock has a market cap of £180.94 billion, a price-to-earnings ratio of 1,245.13, a price-to-earnings-growth ratio of 2.95 and a beta of 0.56. The company's 50-day moving average is GBX 2,542.86 and its 200-day moving average is GBX 2,564.67.

Shell Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, March 25th. Investors of record on Thursday, February 15th were given a $0.34 dividend. This represents a yield of 1.11%. The ex-dividend date of this dividend was Thursday, February 15th. This is a positive change from Shell's previous dividend of $0.33. Shell's dividend payout ratio is 4,778.76%.

Insider Buying and Selling

In other news, insider Charles Roxburgh acquired 3,000 shares of the company's stock in a transaction dated Friday, March 15th. The stock was bought at an average price of GBX 2,552 ($32.30) per share, with a total value of £76,560 ($96,899.13). In other news, insider Sinead Gorman acquired 18,276 shares of the company's stock in a transaction dated Monday, February 26th. The stock was bought at an average price of GBX 2,494 ($31.57) per share, with a total value of £455,803.44 ($576,893.36). Also, insider Charles Roxburgh acquired 3,000 shares of the company's stock in a transaction dated Friday, March 15th. The shares were purchased at an average cost of GBX 2,552 ($32.30) per share, with a total value of £76,560 ($96,899.13). Company insiders own 0.08% of the company's stock.

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.