Shell PLC Unsponsored ADR (NYSE:SHEL) Given Consensus Rating of “Moderate Buy” by Brokerages

Shell PLC Unsponsored ADR (NYSE:SHEL) has received a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $78.69.

SHEL has been the topic of several recent research reports. Wells Fargo & Company lowered their price objective on shares of Shell from $80.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday, June 26th. Piper Sandler lifted their target price on shares of Shell from $83.00 to $84.00 and gave the stock an “overweight” rating in a research report on Tuesday. Royal Bank Of Canada reissued an “outperform” rating on shares of Shell in a research report on Wednesday, March 26th. TD Cowen dropped their target price on shares of Shell from $82.00 to $76.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, Hsbc Global Res raised shares of Shell to a “strong-buy” rating in a research report on Tuesday, May 13th.

Institutional Trading of Shell

A number of institutional investors have recently added to or reduced their stakes in SHEL. First Wilshire Securities Management Inc. lifted its stake in shares of Shell by 1.6% in the fourth quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company’s stock worth $596,000 after buying an additional 153 shares during the last quarter. Titleist Asset Management LLC lifted its stake in shares of Shell by 3.1% in the fourth quarter. Titleist Asset Management LLC now owns 5,526 shares of the energy company’s stock worth $346,000 after buying an additional 164 shares during the last quarter. Sax Wealth Advisors LLC lifted its stake in shares of Shell by 3.9% in the first quarter. Sax Wealth Advisors LLC now owns 4,367 shares of the energy company’s stock worth $320,000 after buying an additional 164 shares during the last quarter. Warther Private Wealth LLC lifted its stake in shares of Shell by 5.0% in the first quarter. Warther Private Wealth LLC now owns 3,433 shares of the energy company’s stock worth $252,000 after buying an additional 165 shares during the last quarter. Finally, Harbour Capital Advisors LLC lifted its stake in shares of Shell by 2.4% in the first quarter. Harbour Capital Advisors LLC now owns 7,235 shares of the energy company’s stock worth $505,000 after buying an additional 170 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Down 0.4%

Shell stock opened at $70.40 on Friday. The stock has a market cap of $209.31 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 1.99 and a beta of 0.40. The company has a current ratio of 1.32, a quick ratio of 1.08 and a debt-to-equity ratio of 0.36. The company’s 50-day moving average price is $69.30 and its two-hundred day moving average price is $67.41. Shell has a 52 week low of $58.55 and a 52 week high of $74.46.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.30. The company had revenue of $69.23 billion for the quarter, compared to analysts’ expectations of $79.18 billion. Shell had a net margin of 4.75% and a return on equity of 11.71%. During the same quarter in the previous year, the company posted $2.40 EPS. On average, analysts expect that Shell will post 7.67 EPS for the current fiscal year.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 16th were paid a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend was Friday, May 16th. Shell’s dividend payout ratio (DPR) is presently 65.90%.

Shell announced that its board has initiated a share buyback plan on Friday, May 2nd that allows the company to repurchase $3.50 billion in shares. This repurchase authorization allows the energy company to purchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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.