Shell PLC Unsponsored ADR (NYSE:SHEL) Plans Quarterly Dividend of $0.78

Key Points

• Shell declared a quarterly dividend of $0.7812 per share, equivalent to $3.12 annually and a 3.5% yield. The dividend is supported by a 44.6% payout ratio.
• Shell reported quarterly EPS of $3.52, beating analysts’ $3.23 estimate, while revenue reached $94.66 billion versus the $86.22 billion consensus.
• Analyst sentiment remains cautious, with a consensus “Hold” rating from MarketBeat and an average price target of $102.17.

Shell PLC Unsponsored ADR (NYSE:SHEL - Get Free Report) declared a quarterly dividend on Thursday, October 30th. Shareholders of record on Friday, August 14th will be given a dividend of 0.7812 per share by the energy company on Monday, September 21st. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, August 14th.

Shell has increased its dividend payment by an average of 0.1%annually over the last three years. Shell has a payout ratio of 44.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Shell to earn $9.18 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 34.0%.

Shell Stock Performance

Shares of NYSE:SHEL traded down $0.27 during trading hours on Wednesday, hitting $90.23. The stock had a trading volume of 1,000,279 shares, compared to its average volume of 7,149,586. The stock's fifty day simple moving average is $84.18 and its 200 day simple moving average is $84.94. The firm has a market capitalization of $252.95 billion, a price-to-earnings ratio of 9.96, a PEG ratio of 0.59 and a beta of 0.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.43. Shell has a 1-year low of $68.63 and a 1-year high of $94.90.

Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The energy company reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.29. Shell had a return on equity of 14.34% and a net margin of 8.55%.The business had revenue of $94.66 billion during the quarter, compared to the consensus estimate of $86.22 billion. Sell-side analysts anticipate that Shell will post 10.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Zacks Research cut Shell from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 25th. Weiss Ratings raised shares of Shell from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 28th. Mizuho initiated coverage on shares of Shell in a research report on Monday, July 20th. They issued a "neutral" rating and a $98.00 target price for the company. HSBC upgraded shares of Shell from a "hold" rating to a "buy" rating in a research report on Monday, May 18th. Finally, Piper Sandler increased their price objective on shares of Shell from $88.00 to $89.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $102.17.

About Shell

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.

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