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

Key Points

• Shell PLC has received a consensus rating of "Moderate Buy" from fifteen analysts, with ten recommending a buy and five suggesting a hold.
• The company's average one-year price target set by analysts is $78.64, with recent assessments indicating a slight decrease from some brokerages.
• Shell recently announced a quarterly dividend of $0.716 per share, reflecting an annualized yield of 4.0% and initiating a $3.5 billion stock buyback program.

Shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the fifteen analysts that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $78.6375.

Several equities research analysts have recently weighed in on SHEL shares. HSBC reissued a "hold" rating and issued a $78.30 price objective (down from $78.90) on shares of Shell in a report on Monday, August 4th. Piper Sandler increased their price objective on Shell from $83.00 to $84.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Hsbc Global Res cut Shell from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 4th. Santander cut Shell to a "neutral" rating in a research note on Friday, July 11th. Finally, Scotiabank restated an "outperform" rating on shares of Shell in a research note on Friday, July 11th.

Shell Stock Performance

Shares of SHEL opened at $71.41 on Tuesday. The company has a market capitalization of $211.09 billion, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 1.91 and a beta of 0.44. Shell has a 52-week low of $58.54 and a 52-week high of $74.18. The stock has a 50 day moving average price of $71.09 and a 200 day moving average price of $68.22. The company has a quick ratio of 1.07, a current ratio of 1.32 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL - Get Free Report) last posted 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 business 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%. Research analysts predict that Shell will post 7.67 EPS for the current fiscal year.

Shell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, August 15th will be given a $0.716 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.86 annualized dividend and a yield of 4.0%. Shell's dividend payout ratio is presently 64.41%.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Brighton Jones LLC increased its position in shares of Shell by 51.7% in the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock valued at $468,000 after buying an additional 2,545 shares in the last quarter. Barclays PLC increased its position in shares of Shell by 136.2% in the fourth quarter. Barclays PLC now owns 7,824 shares of the energy company's stock valued at $490,000 after buying an additional 4,512 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Shell by 4.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 19,323 shares of the energy company's stock valued at $1,401,000 after buying an additional 815 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Shell by 2.7% during the first quarter. PNC Financial Services Group Inc. now owns 908,572 shares of the energy company's stock valued at $66,580,000 after acquiring an additional 23,680 shares during the last quarter. Finally, Merit Financial Group LLC boosted its stake in shares of Shell by 100.9% during the first quarter. Merit Financial Group LLC now owns 11,534 shares of the energy company's stock valued at $845,000 after acquiring an additional 5,794 shares during the last quarter. Hedge funds and other institutional investors own 28.60% 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.

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