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

Shares of Shell PLC Unsponsored ADR (NYSE:SHEL) have earned an average recommendation of “Moderate Buy” from the twenty-two analysts that are presently covering the company, MarketBeat.com reports. Eleven investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $79.91.

Several research firms recently issued reports on SHEL. Piper Sandler upped their target price on Shell from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Scotiabank reiterated an “outperform” rating on shares of Shell in a research note on Thursday, October 9th. Melius Research began coverage on shares of Shell in a research note on Wednesday, August 20th. They issued a “hold” rating and a $70.00 target price for the company. BNP Paribas upgraded shares of Shell to a “strong-buy” rating in a research note on Tuesday, September 23rd. Finally, Cowen restated a “buy” rating on shares of Shell in a research note on Friday, October 31st.

Institutional Investors Weigh In On Shell

Large investors have recently added to or reduced their stakes in the business. Westside Investment Management Inc. bought a new position in Shell during the second quarter worth $25,000. Truvestments Capital LLC boosted its holdings in shares of Shell by 102.9% during the 1st quarter. Truvestments Capital LLC now owns 420 shares of the energy company’s stock worth $31,000 after buying an additional 213 shares during the period. Steigerwald Gordon & Koch Inc. acquired a new position in Shell in the 3rd quarter valued at about $31,000. Grey Fox Wealth Advisors LLC acquired a new stake in Shell during the third quarter worth approximately $34,000. Finally, Salomon & Ludwin LLC boosted its holdings in shares of Shell by 50.5% during the second quarter. Salomon & Ludwin LLC now owns 480 shares of the energy company’s stock worth $35,000 after acquiring an additional 161 shares during the period. Institutional investors own 28.60% of the company’s stock.

Shell Price Performance

NYSE SHEL opened at $72.30 on Monday. Shell has a 12-month low of $58.54 and a 12-month high of $77.47. The firm’s 50 day moving average is $74.01 and its 200-day moving average is $72.38. The company has a market capitalization of $207.88 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 3.39 and a beta of 0.16. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, October 30th. The energy company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.14. Shell had a net margin of 5.34% and a return on equity of 10.49%. The firm had revenue of $68.15 billion for the quarter, compared to analyst estimates of $70.50 billion. Equities research analysts anticipate that Shell will post 7.67 earnings per share for the current fiscal year.

Shell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, November 14th will be paid a $0.716 dividend. The ex-dividend date is Friday, November 14th. This represents a $2.86 annualized dividend and a yield of 4.0%. Shell’s dividend payout ratio is currently 58.61%.

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.