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

Key Points

• Shell PLC Unsponsored ADR receives a consensus rating of "Moderate Buy" from 17 analysts, with 10 buy ratings and 7 hold ratings, and an average price target of $76.71.
• The company reported a quarterly EPS of $1.42, exceeding expectations, although its revenue of $66.44 billion fell short of estimates of $69.31 billion.
• A recent dividend of $0.716 per share will be paid on September 22nd, representing a 4.0% dividend yield and a payout ratio of 64.41%.

Shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seventeen ratings firms that are covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $76.71.

SHEL has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price target on shares of Shell from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Thursday, June 26th. Melius initiated 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. Melius Research assumed coverage on shares of Shell in a research note on Wednesday, August 20th. They issued a "hold" rating and a $70.00 price target for the company. Piper Sandler reduced their price objective on Shell from $84.00 to $82.00 and set an "overweight" rating on the stock in a research note on Monday, August 18th. Finally, Hsbc Global Res lowered Shell from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 4th.

Shell Trading Down 1.0%

NYSE SHEL opened at $71.62 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.32 and a debt-to-equity ratio of 0.36. The stock's 50-day simple moving average is $72.04 and its two-hundred day simple moving average is $69.05. Shell has a twelve month low of $58.54 and a twelve month high of $74.21. The company has a market capitalization of $210.43 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 1.90 and a beta of 0.46.

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

Shell Dividend Announcement

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

Institutional Investors Weigh In On Shell

Institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Shell by 51.7% during the fourth 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. Barclays PLC increased its holdings in Shell by 136.2% during the 4th quarter. Barclays PLC now owns 7,824 shares of the energy company's stock valued at $490,000 after purchasing an additional 4,512 shares during the period. The Manufacturers Life Insurance Company raised its position in Shell by 1.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 14,646 shares of the energy company's stock valued at $918,000 after purchasing an additional 223 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Shell by 27.8% in the 4th quarter. Ameriprise Financial Inc. now owns 567,552 shares of the energy company's stock worth $35,552,000 after buying an additional 123,487 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its stake in shares of Shell by 3.2% during the fourth quarter. Benjamin Edwards Inc. now owns 10,493 shares of the energy company's stock valued at $657,000 after buying an additional 322 shares during the period. 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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