Shell (NYSE:SHEL) Given New $76.00 Price Target at TD Cowen

Shell (NYSE:SHEL) had its price target cut by TD Cowen from $82.00 to $76.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the energy company’s stock.

SHEL has been the topic of a number of other reports. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Friday, January 3rd. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Shell in a report on Wednesday, March 26th. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Barclays reiterated an “overweight” rating on shares of Shell in a report on Wednesday, March 26th. Finally, Wells Fargo & Company increased their target price on Shell from $81.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, March 26th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $78.98.

Shell Trading Down 4.3 %

Shell stock opened at $59.62 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. Shell has a fifty-two week low of $59.01 and a fifty-two week high of $74.61. The stock has a market cap of $180.26 billion, a P/E ratio of 11.88, a PEG ratio of 0.98 and a beta of 0.27. The firm’s fifty day moving average price is $67.86 and its 200-day moving average price is $66.36.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. Equities research analysts forecast that Shell will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were given a dividend of $0.716 per share. This is a positive change from Shell’s previous quarterly dividend of $0.69. The ex-dividend date was Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.80%. Shell’s dividend payout ratio (DPR) is presently 56.97%.

Hedge Funds Weigh In On Shell

Several institutional investors have recently bought and sold shares of SHEL. FMR LLC lifted its stake in shares of Shell by 32.3% in the 4th quarter. FMR LLC now owns 86,417,177 shares of the energy company’s stock valued at $5,414,036,000 after purchasing an additional 21,118,234 shares during the last quarter. Fisher Asset Management LLC lifted its position in Shell by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company’s stock worth $1,562,412,000 after buying an additional 408,088 shares during the last quarter. Wellington Management Group LLP boosted its stake in Shell by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 7,982,817 shares of the energy company’s stock worth $500,123,000 after buying an additional 238,705 shares during the period. Franklin Resources Inc. increased its position in Shell by 0.8% during the fourth quarter. Franklin Resources Inc. now owns 6,023,173 shares of the energy company’s stock valued at $377,352,000 after acquiring an additional 50,228 shares during the last quarter. Finally, Voloridge Investment Management LLC lifted its holdings in shares of Shell by 170.3% in the 4th quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company’s stock worth $216,980,000 after acquiring an additional 2,182,253 shares during the last quarter. Institutional investors own 28.60% of the company’s stock.

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.