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

Key Points

• Shell PLC Unsponsored ADR (NYSE:SHEL) has received an average recommendation of "Moderate Buy" from eighteen brokerage firms, with an average 1-year price target of $76.71.
• The company reported $1.42 earnings per share in its latest quarterly earnings, surpassing the consensus estimate by $0.29, although its revenue fell short of expectations.
• Shell declared a quarterly dividend of $0.716 per share, yielding approximately 4.0%, with a payout ratio of 64.41%.

Shell PLC Unsponsored ADR (NYSE:SHEL - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eighteen ratings firms that are presently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $76.71.

Several research analysts have recently issued reports on the company. HSBC reissued a "hold" rating and issued a $78.30 target price (down previously from $78.90) on shares of Shell in a research report on Monday, August 4th. Wells Fargo & Company lowered their price objective on Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Thursday, June 26th. Melius Research began coverage on shares of Shell in a research report on Wednesday, August 20th. They issued a "hold" rating and a $70.00 target price on the stock. BNP Paribas raised shares of Shell to a "strong-buy" rating in a research report on Tuesday, September 23rd. Finally, Sanford C. Bernstein cut shares of Shell from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th.

Shell Trading Down 1.2%

SHEL stock opened at $71.59 on Wednesday. Shell has a one year low of $58.54 and a one year high of $74.21. The company has a market capitalization of $209.24 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 1.88 and a beta of 0.46. The company's 50 day moving average price is $72.32 and its two-hundred day moving average price is $69.63. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.32.

Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The energy company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.29. The firm had revenue of $66.44 billion during the quarter, compared to the consensus estimate of $69.31 billion. Shell had a return on equity of 10.67% and a net margin of 4.93%. As a group, analysts predict that Shell will post 7.67 earnings per share for the current fiscal year.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, August 15th were given a $0.716 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, August 15th. Shell's payout ratio is currently 64.41%.

Institutional Trading of Shell

Several institutional investors have recently added to or reduced their stakes in SHEL. Brighton Jones LLC boosted its holdings in shares of Shell by 51.7% during the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock valued at $468,000 after acquiring an additional 2,545 shares during the last quarter. AdvisorNet Financial Inc lifted its position in Shell by 35.7% during the first quarter. AdvisorNet Financial Inc now owns 2,564 shares of the energy company's stock valued at $188,000 after purchasing an additional 675 shares during the period. GAMMA Investing LLC grew its position in Shell by 10,193.5% in the 1st quarter. GAMMA Investing LLC now owns 422,752 shares of the energy company's stock worth $30,979,000 after purchasing an additional 418,645 shares during the period. Gradient Investments LLC raised its stake in Shell by 2.6% during the 1st quarter. Gradient Investments LLC now owns 9,610 shares of the energy company's stock valued at $704,000 after buying an additional 245 shares during the last quarter. Finally, Merit Financial Group LLC lifted its holdings in shares of Shell by 100.9% during the 1st quarter. Merit Financial Group LLC now owns 11,534 shares of the energy company's stock valued at $845,000 after buying an additional 5,794 shares during the period. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Company Profile

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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