Shares of Shell plc (NYSE:SHEL – Get Free Report) have earned a consensus recommendation of “Hold” from the five research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $67.00.
Separately, BNP Paribas downgraded shares of Shell from an “outperform” rating to a “neutral” rating in a report on Wednesday, December 13th.
Check Out Our Latest Research Report on Shell
Shell Stock Up 0.9 %
NYSE:SHEL opened at $63.80 on Monday. The firm has a market capitalization of $212.01 billion, a P/E ratio of 7.56, a PEG ratio of 0.84 and a beta of 0.62. Shell has a 1-year low of $52.47 and a 1-year high of $68.74. The company’s fifty day moving average price is $65.23 and its 200-day moving average price is $63.95. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.48 and a quick ratio of 1.17.
Shell (NYSE:SHEL – Get Free Report) last released its quarterly earnings data on Thursday, November 2nd. The energy company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.01. Shell had a net margin of 8.51% and a return on equity of 15.91%. The firm had revenue of $78.01 billion for the quarter. As a group, equities research analysts anticipate that Shell will post 8.16 EPS for the current year.
Shell Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Friday, November 17th were issued a dividend of $0.662 per share. This represents a $2.65 annualized dividend and a yield of 4.15%. The ex-dividend date was Thursday, November 16th. Shell’s payout ratio is 31.28%.
Hedge Funds Weigh In On Shell
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in Shell by 29.1% during the third quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock valued at $1,872,666,000 after purchasing an additional 6,554,340 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Shell by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 23,275,120 shares of the energy company’s stock worth $1,405,215,000 after buying an additional 402,896 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Shell by 2.3% in the second quarter. Fisher Asset Management LLC now owns 21,907,928 shares of the energy company’s stock worth $1,322,801,000 after buying an additional 492,066 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its stake in shares of Shell by 96,141.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 14,370,746 shares of the energy company’s stock worth $818,414,000 after buying an additional 14,355,814 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of Shell in the first quarter worth about $677,739,000. 9.23% of the stock is owned by hedge funds and other 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 necessary to deliver gas to market.