Shell (LON:SHEL) Trading Down 0.3% - Here's Why

Shell plc (LON:SHEL - Get Free Report) fell 0.3% on Friday . The company traded as low as GBX 2,492.50 ($31.46) and last traded at GBX 2,498.50 ($31.53). 7,002,343 shares were traded during trading, a decline of 39% from the average session volume of 11,392,912 shares. The stock had previously closed at GBX 2,505 ($31.62).

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SHEL shares. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Shell in a report on Tuesday, September 24th. Bank of America reaffirmed a "buy" rating and set a GBX 3,400 ($42.91) price target on shares of Shell in a research note on Wednesday, September 4th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of GBX 3,400 ($42.91).

Shell Trading Down 0.3 %

The firm has a market cap of £154.41 billion, a price-to-earnings ratio of 1,162.09, a PEG ratio of 2.50 and a beta of 0.51. The company has a quick ratio of 0.87, a current ratio of 1.41 and a debt-to-equity ratio of 40.32. The company has a 50-day moving average price of GBX 2,550.15 and a 200 day moving average price of GBX 2,658.22.

Shell Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.34 per share. This represents a dividend yield of 1.06%. The ex-dividend date is Thursday, November 14th. Shell's dividend payout ratio is currently 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.