TD Cowen Initiates Coverage on Shell (NYSE:SHEL)

TD Cowen initiated coverage on shares of Shell (NYSE:SHEL - Free Report) in a research report released on Wednesday, Marketbeat reports. The firm issued a buy rating and a $81.00 price objective on the energy company's stock.

A number of other brokerages have also commented on SHEL. Morgan Stanley upgraded shares of Shell from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wolfe Research upgraded shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price target for the company in a research note on Friday, January 3rd. UBS Group upgraded shares of Shell from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 8th. Wells Fargo & Company reduced their price target on shares of Shell from $86.00 to $82.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Finally, Piper Sandler reduced their price target on shares of Shell from $82.00 to $72.00 and set an "overweight" rating for the company in a research note on Thursday, December 19th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Shell currently has an average rating of "Buy" and a consensus target price of $79.48.

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Shell Stock Down 1.2 %

NYSE:SHEL traded down $0.88 on Wednesday, reaching $71.08. 3,756,201 shares of the stock traded hands, compared to its average volume of 3,962,950. The company has a market capitalization of $214.91 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 0.98 and a beta of 0.47. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. Shell has a 12 month low of $60.15 and a 12 month high of $74.61. The company's fifty day simple moving average is $67.05 and its 200 day simple moving average is $66.22.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing analysts' consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. Equities analysts predict that Shell will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. First Wilshire Securities Management Inc. grew its holdings in shares of Shell by 1.6% in the fourth quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company's stock worth $596,000 after purchasing an additional 153 shares during the last quarter. Foster Group Inc. grew its holdings in shares of Shell by 5.0% in the fourth quarter. Foster Group Inc. now owns 3,393 shares of the energy company's stock worth $213,000 after purchasing an additional 162 shares during the last quarter. Titleist Asset Management LLC grew its holdings in shares of Shell by 3.1% in the fourth quarter. Titleist Asset Management LLC now owns 5,526 shares of the energy company's stock worth $346,000 after purchasing an additional 164 shares during the last quarter. Warther Private Wealth LLC grew its holdings in shares of Shell by 5.5% in the fourth quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company's stock worth $205,000 after purchasing an additional 169 shares during the last quarter. Finally, Klingman & Associates LLC grew its holdings in shares of Shell by 5.2% in the fourth quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company's stock worth $214,000 after purchasing an additional 170 shares during the last quarter. Institutional investors own 28.60% of the company's stock.

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.