Shell (NYSE:SHEL) Stock Price Expected to Rise, TD Securities Analyst Says

Shell (NYSE:SHEL - Free Report) had its price objective upped by TD Securities from $81.00 to $82.00 in a research report released on Wednesday morning,Benzinga reports. TD Securities currently has a buy rating on the energy company's stock.

Several other analysts have also recently commented on SHEL. TD Cowen began coverage on Shell in a research report on Wednesday. They issued a "buy" rating and a $81.00 target price for the company. Wolfe Research raised Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective for the company in a research report on Friday, January 3rd. Wells Fargo & Company reduced their price objective on Shell from $86.00 to $82.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Morgan Stanley raised Shell from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Finally, UBS Group raised Shell from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $79.48.

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Shell Price Performance

Shares of SHEL traded down $0.88 during trading hours on Wednesday, hitting $71.08. 3,756,201 shares of the company were exchanged, compared to its average volume of 3,962,950. The company has a market capitalization of $214.91 billion, a PE ratio of 14.16, a PEG ratio of 0.98 and a beta of 0.47. The firm has a fifty day simple moving average of $67.05 and a 200-day simple moving average of $66.22. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. Shell has a one year low of $60.15 and a one year high of $74.61.

Shell (NYSE:SHEL - Get Free Report) last issued its earnings results on Thursday, January 30th. The energy company reported $1.20 EPS 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%. As a group, sell-side analysts predict that Shell will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be paid a $0.716 dividend. The ex-dividend date is Friday, February 14th. This is a positive change from Shell's previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.03%. Shell's payout ratio is presently 56.97%.

Hedge Funds Weigh In On Shell

A number of institutional investors have recently made changes to their positions in the business. Brighton Jones LLC grew its position in Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock worth $468,000 after buying an additional 2,545 shares in the last quarter. Private Advisor Group LLC grew its position in Shell by 0.9% during the fourth quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company's stock worth $2,078,000 after buying an additional 301 shares in the last quarter. HF Advisory Group LLC grew its position in Shell by 15.8% during the fourth quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company's stock worth $1,852,000 after buying an additional 4,028 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in Shell by 1.5% during the third quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company's stock worth $206,116,000 after buying an additional 46,293 shares in the last quarter. Finally, Lockheed Martin Investment Management Co. grew its position in Shell by 266.1% during the fourth quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company's stock worth $7,645,000 after buying an additional 88,700 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors.

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.