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

Key Points

• Shell PLC Unsponsored ADR has received a consensus rating of "Moderate Buy" from analysts, with an average 12-month price target of $79.41.
• Recent institutional activity includes several new positions and significant increases in holdings, with 28.60% of the stock owned by institutional investors.
• Shell declared a quarterly dividend of $0.716 per share, yielding 3.8% annually, with a payout ratio of 64.41%.

Shell PLC Unsponsored ADR (NYSE:SHEL - Get Free Report) has earned an average rating of "Moderate Buy" from the nineteen ratings firms that are covering the stock, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $79.41.

SHEL has been the topic of several analyst reports. TD Cowen boosted their target price on Shell from $78.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, October 9th. Jefferies Financial Group raised Shell to a "strong-buy" rating in a report on Tuesday, October 7th. Wells Fargo & Company initiated coverage on Shell in a report on Friday, October 17th. They set an "equal weight" rating and a $76.00 price target on the stock. Santander downgraded Shell to a "neutral" rating in a report on Friday, July 11th. Finally, Melius Research initiated coverage on Shell in a report on Wednesday, August 20th. They set a "hold" rating and a $70.00 price target on the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SHEL. Avalon Trust Co bought a new position in Shell in the first quarter valued at about $25,000. Westside Investment Management Inc. bought a new position in Shell in the second quarter valued at about $25,000. Truvestments Capital LLC lifted its holdings in Shell by 102.9% in the first quarter. Truvestments Capital LLC now owns 420 shares of the energy company's stock valued at $31,000 after acquiring an additional 213 shares during the period. Steigerwald Gordon & Koch Inc. bought a new position in Shell in the third quarter valued at about $31,000. Finally, Salomon & Ludwin LLC lifted its holdings in Shell by 50.5% in the second quarter. Salomon & Ludwin LLC now owns 480 shares of the energy company's stock valued at $35,000 after acquiring an additional 161 shares during the period. 28.60% of the stock is owned by institutional investors.

Shell Trading Up 0.2%

Shell stock opened at $75.85 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. The business's fifty day simple moving average is $72.67 and its two-hundred day simple moving average is $70.08. Shell has a 12 month low of $58.54 and a 12 month high of $76.28. The company has a market capitalization of $220.39 billion, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 1.82 and a beta of 0.39.

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

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, August 15th were issued a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, August 15th. Shell's dividend payout ratio is presently 64.41%.

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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