Shell PLC Unsponsored ADR (NYSE:SHEL) Receives $76.71 Consensus PT from Analysts

Shares of Shell PLC Unsponsored ADR (NYSE:SHEL) have been assigned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $76.71.

A number of brokerages have weighed in on SHEL. BNP Paribas raised shares of Shell to a “strong-buy” rating in a report on Tuesday, September 23rd. Melius initiated coverage on shares of Shell in a research report on Wednesday, August 20th. They issued a “hold” rating and a $70.00 price target for the company. Sanford C. Bernstein lowered Shell from an “outperform” rating to a “market perform” rating in a research report on Monday, June 16th. Santander lowered shares of Shell to a “neutral” rating in a report on Friday, July 11th. Finally, Scotiabank reiterated an “outperform” rating on shares of Shell in a research note on Friday, July 11th.

Shell Trading Up 1.9%

NYSE SHEL opened at $73.16 on Wednesday. The company has a market capitalization of $213.82 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 1.90 and a beta of 0.39. The firm’s fifty day moving average price is $72.32 and its 200 day moving average price is $69.65. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.07. Shell has a 12 month low of $58.54 and a 12 month high of $74.21.

Shell (NYSE:SHEL) last released its earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.29. The firm had revenue of $66.44 billion during the quarter, compared to the consensus estimate of $69.31 billion. Shell had a net margin of 4.93% and a return on equity of 10.67%. On average, sell-side analysts expect that Shell will post 7.67 earnings per share for the current fiscal year.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, August 15th were issued a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, August 15th. Shell’s dividend payout ratio is presently 64.41%.

Institutional Trading of Shell

A number of large investors have recently modified their holdings of the company. Kennebec Savings Bank purchased a new stake in shares of Shell in the first quarter worth about $25,000. Avalon Trust Co purchased a new position in shares of Shell during the first quarter worth approximately $25,000. Westside Investment Management Inc. acquired a new stake in Shell in the second quarter valued at about $25,000. Brown Lisle Cummings Inc. increased its stake in shares of Shell by 103.4% during the 1st quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company’s stock worth $26,000 after purchasing an additional 181 shares in the last quarter. Finally, Truvestments Capital LLC boosted its holdings in shares of Shell by 102.9% in the 1st quarter. Truvestments Capital LLC now owns 420 shares of the energy company’s stock valued at $31,000 after purchasing an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

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.