Shell (LON:SHEL) Trading Down 3.4% - Here's What Happened

Shell plc (LON:SHEL - Get Free Report)'s stock price dropped 3.4% during trading on Tuesday . The company traded as low as GBX 2,492 ($32.54) and last traded at GBX 2,502.50 ($32.68). Approximately 12,336,993 shares changed hands during trading, an increase of 8% from the average daily volume of 11,426,396 shares. The stock had previously closed at GBX 2,589.50 ($33.81).

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SHEL shares. JPMorgan Chase & Co. restated an "overweight" rating on shares of Shell in a report on Tuesday, September 24th. Berenberg Bank reissued a "buy" rating and set a GBX 3,400 ($44.40) target price on shares of Shell in a research note on Tuesday, July 9th. Finally, Bank of America restated a "buy" rating and set a GBX 3,400 ($44.40) target price on shares of Shell in a report on Wednesday, September 4th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Shell has a consensus rating of "Buy" and a consensus price target of GBX 3,400 ($44.40).

Shell Price Performance

The stock has a market capitalization of £156.51 billion, a P/E ratio of 1,177.91, a P/E/G ratio of 2.50 and a beta of 0.51. The firm has a fifty day moving average price of GBX 2,622.93 and a two-hundred day moving average price of GBX 2,743. The company has a quick ratio of 0.87, a current ratio of 1.41 and a debt-to-equity ratio of 40.32.

Shell Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, September 23rd. Investors of record on Thursday, August 15th were issued a $0.34 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a yield of 0.94%. Shell's payout ratio is 4,883.72%.

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.