Shell plc (NYSE:SHEL) Given Average Recommendation of "Buy" by Analysts

Shares of Shell plc (NYSE:SHEL - Get Free Report) have earned a consensus recommendation of "Buy" from the ten brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $82.00.

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada raised Shell to a "moderate buy" rating in a research note on Tuesday, July 30th. Wells Fargo & Company upped their price objective on Shell from $84.00 to $88.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. Berenberg Bank raised shares of Shell to a "strong-buy" rating in a research report on Monday, August 5th. Citigroup raised shares of Shell to a "hold" rating in a research report on Wednesday, October 2nd. Finally, Sanford C. Bernstein raised shares of Shell to a "strong-buy" rating in a research report on Friday, October 11th.

Hedge Funds Weigh In On Shell

Several large investors have recently modified their holdings of the stock. Hobbs Group Advisors LLC acquired a new stake in shares of Shell in the second quarter valued at approximately $26,000. Fortitude Family Office LLC acquired a new stake in shares of Shell in the third quarter valued at approximately $30,000. Triad Wealth Partners LLC acquired a new stake in shares of Shell in the second quarter valued at approximately $31,000. Fairscale Capital LLC acquired a new position in shares of Shell during the second quarter valued at approximately $33,000. Finally, Valley Wealth Managers Inc. acquired a new position in shares of Shell during the third quarter valued at approximately $33,000. Institutional investors own 28.60% of the company's stock.

Shell Price Performance

Shares of NYSE:SHEL traded down $1.55 during trading on Friday, hitting $67.06. 4,155,931 shares of the stock were exchanged, compared to its average volume of 4,537,216. The company has a fifty day moving average price of $67.64 and a two-hundred day moving average price of $70.37. The company has a market cap of $208.70 billion, a PE ratio of 13.80, a P/E/G ratio of 2.02 and a beta of 0.56. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. Shell has a 12-month low of $60.34 and a 12-month high of $74.61.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be given a dividend of $0.688 per share. The ex-dividend date is Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.10%. Shell's payout ratio is 56.58%.

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.