Shell (NYSE:SHEL) PT Raised to $81.00 at TD Securities

Shell (NYSE:SHEL) had its target price increased by TD Securities from $74.00 to $81.00 in a report published on Friday, BayStreet.CA reports. TD Securities currently has a buy rating on the energy company’s stock.

Separately, TheStreet upgraded shares of Shell from a c rating to a b- rating in a research report on Monday, January 29th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $66.50.

Shell Price Performance

Shares of NYSE SHEL opened at $72.80 on Friday. Shell has a twelve month low of $55.78 and a twelve month high of $73.94. The stock has a market cap of $234.23 billion, a P/E ratio of 13.43, a P/E/G ratio of 1.70 and a beta of 0.59. The stock has a 50 day moving average of $68.62 and a two-hundred day moving average of $66.05. The company has a current ratio of 1.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37.

Shell Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 17th will be issued a dividend of $0.688 per share. The ex-dividend date is Thursday, May 16th. This is a boost from Shell’s previous quarterly dividend of $0.66. This represents a $2.75 annualized dividend and a yield of 3.78%. Shell’s dividend payout ratio is currently 50.74%.

Hedge Funds Weigh In On Shell

Institutional investors have recently bought and sold shares of the stock. JCIC Asset Management Inc. raised its holdings in shares of Shell by 0.8% during the first quarter. JCIC Asset Management Inc. now owns 45,504 shares of the energy company’s stock worth $3,051,000 after purchasing an additional 375 shares during the last quarter. ORG Partners LLC acquired a new stake in Shell during the first quarter worth about $195,000. Gallacher Capital Management LLC boosted its stake in Shell by 3.1% during the first quarter. Gallacher Capital Management LLC now owns 8,459 shares of the energy company’s stock worth $567,000 after buying an additional 255 shares during the period. Mitchell Capital Management Co. grew its holdings in shares of Shell by 4.3% in the first quarter. Mitchell Capital Management Co. now owns 33,787 shares of the energy company’s stock valued at $2,265,000 after purchasing an additional 1,396 shares in the last quarter. Finally, John G Ullman & Associates Inc. grew its position in shares of Shell by 7.9% during the first quarter. John G Ullman & Associates Inc. now owns 10,900 shares of the energy company’s stock worth $731,000 after buying an additional 800 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

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.