Shell plc (NYSE:SHEL) Receives Consensus Rating of “Hold” from Brokerages

Shell plc (NYSE:SHEL) has received an average recommendation of “Hold” from the three analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $67.00.

Separately, TheStreet raised Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th.

Institutional Investors Weigh In On Shell

Several hedge funds have recently added to or reduced their stakes in the business. Private Trust Co. NA lifted its holdings in shares of Shell by 14.7% during the fourth quarter. Private Trust Co. NA now owns 10,532 shares of the energy company’s stock worth $693,000 after buying an additional 1,348 shares in the last quarter. FMR LLC increased its position in shares of Shell by 29.1% in the third quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock worth $1,872,666,000 after purchasing an additional 6,554,340 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Shell by 5.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 109,843 shares of the energy company’s stock worth $7,228,000 after purchasing an additional 6,138 shares during the period. LPL Financial LLC increased its position in shares of Shell by 11.0% in the third quarter. LPL Financial LLC now owns 633,287 shares of the energy company’s stock worth $40,771,000 after purchasing an additional 62,792 shares during the period. Finally, Synovus Financial Corp increased its position in shares of Shell by 16.2% in the third quarter. Synovus Financial Corp now owns 71,350 shares of the energy company’s stock worth $4,594,000 after purchasing an additional 9,924 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Trading Up 0.5 %

NYSE SHEL opened at $72.76 on Wednesday. The company has a market cap of $234.11 billion, a PE ratio of 12.86, a PEG ratio of 2.22 and a beta of 0.62. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. Shell has a 12 month low of $55.78 and a 12 month high of $73.94. The stock has a 50 day moving average of $67.03 and a 200-day moving average of $65.72.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, February 1st. The energy company reported $2.22 EPS for the quarter, beating the consensus estimate of $1.94 by $0.28. The company had revenue of $80.13 billion during the quarter, compared to the consensus estimate of $89.59 billion. Shell had a return on equity of 14.69% and a net margin of 5.99%. During the same quarter in the prior year, the firm posted $2.76 EPS. On average, equities research analysts anticipate that Shell will post 8.12 EPS for the current fiscal year.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, February 16th were issued a dividend of $0.662 per share. This represents a $2.65 annualized dividend and a yield of 3.64%. The ex-dividend date was Thursday, February 15th. Shell’s dividend payout ratio is 48.59%.

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.