Shell PLC Unsponsored ADR Plans Quarterly Dividend of $0.72 (NYSE:SHEL)

Key Points

• Shell PLC announced a quarterly dividend of $0.72 per share, with the ex-dividend date set for August 15, and payments to be made on September 22.
• The company has a dividend payout ratio of 40.9%, indicating strong coverage by earnings, and analysts project it will maintain a payout ratio of 35.9% next year.
• Shell's quarterly earnings showed an EPS of $1.42, exceeding estimates, and the company is authorized to buy back up to $3.50 billion in shares, signaling confidence in its stock value.

Shell PLC Unsponsored ADR (NYSE:SHEL - Get Free Report) announced a quarterly dividend on Monday, August 4th, Wall Street Journal reports. Stockholders of record on Friday, August 15th will be paid a dividend of 0.716 per share by the energy company on Monday, September 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, August 15th.

Shell has a dividend payout ratio of 40.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Shell to earn $7.97 per share next year, which means the company should continue to be able to cover its $2.86 annual dividend with an expected future payout ratio of 35.9%.

Shell Stock Performance

Shares of NYSE SHEL traded up $0.53 during midday trading on Friday, reaching $71.90. 2,050,939 shares of the company were exchanged, compared to its average volume of 4,761,353. The stock has a fifty day simple moving average of $70.90 and a 200 day simple moving average of $68.12. The company has a current ratio of 1.32, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. The stock has a market cap of $212.55 billion, a P/E ratio of 16.20, a PEG ratio of 1.92 and a beta of 0.44. Shell has a 1 year low of $58.54 and a 1 year high of $74.18.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.13 by $0.29. The business had revenue of $66.44 billion during the quarter, compared to analysts' expectations of $69.31 billion. Shell had a return on equity of 10.67% and a net margin of 4.93%. On average, research analysts forecast that Shell will post 7.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Scotiabank restated an "outperform" rating on shares of Shell in a report on Friday, July 11th. Wells Fargo & Company dropped their price target on Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Thursday, June 26th. HSBC restated a "hold" rating and issued a $78.30 price objective (down from $78.90) on shares of Shell in a research report on Monday. Piper Sandler boosted their target price on shares of Shell from $83.00 to $84.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Finally, Sanford C. Bernstein cut shares of Shell from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $78.64.

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.