Shell PLC Unsponsored ADR (NYSE:SHEL) Receives Average Recommendation of "Buy" from Analysts

Shell PLC Unsponsored ADR (NYSE:SHEL - Get Free Report) has earned an average rating of "Buy" from the fourteen research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $78.26.

A number of equities research analysts recently weighed in on SHEL shares. TD Cowen reduced their price target on shares of Shell from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. TD Securities reissued a "buy" rating on shares of Shell in a research report on Friday, April 4th. Wells Fargo & Company reduced their price target on shares of Shell from $83.00 to $80.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Piper Sandler upped their target price on shares of Shell from $72.00 to $80.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Shell in a report on Wednesday, March 26th.

Shell Stock Performance

Shares of SHEL stock opened at $72.34 on Monday. The company has a current ratio of 1.32, a quick ratio of 1.08 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average price of $66.97 and a 200 day moving average price of $66.33. The company has a market cap of $215.08 billion, a P/E ratio of 16.67, a PEG ratio of 1.89 and a beta of 0.39. Shell has a 12 month low of $58.55 and a 12 month high of $74.46.

Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.30. Shell had a net margin of 4.75% and a return on equity of 11.71%. The firm had revenue of $69.23 billion during the quarter, compared to analysts' expectations of $79.18 billion. During the same period in the previous year, the company earned $2.40 earnings per share. Sell-side analysts predict that Shell will post 7.67 earnings per share for the current fiscal year.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, May 16th will be issued a dividend of $0.716 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.86 annualized dividend and a yield of 3.96%. Shell's dividend payout ratio is currently 65.90%.

Shell declared that its board has initiated a stock repurchase program on Friday, May 2nd that permits the company to buyback $3.50 billion in shares. This buyback authorization permits the energy company to purchase up to 1.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SHEL. FMR LLC raised its holdings in Shell by 32.3% during the fourth quarter. FMR LLC now owns 86,417,177 shares of the energy company's stock worth $5,414,036,000 after purchasing an additional 21,118,234 shares in the last quarter. GQG Partners LLC grew its position in shares of Shell by 42,743.3% in the first quarter. GQG Partners LLC now owns 2,867,929 shares of the energy company's stock valued at $210,162,000 after purchasing an additional 2,861,235 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Shell in the first quarter valued at approximately $180,366,000. Voloridge Investment Management LLC grew its position in shares of Shell by 170.3% in the fourth quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock valued at $216,980,000 after purchasing an additional 2,182,253 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of Shell by 102.6% in the first quarter. Raymond James Financial Inc. now owns 2,965,812 shares of the energy company's stock valued at $217,335,000 after purchasing an additional 1,501,866 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

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.

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