Barclays reiterated their overweight rating on shares of Shell (LON:SHEL – Free Report) in a research note issued to investors on Monday, Marketbeat.com reports. Barclays currently has a GBX 3,800 ($48.10) target price on the stock.
SHEL has been the topic of several other reports. JPMorgan Chase & Co. reiterated an overweight rating on shares of Shell in a research note on Tuesday, February 20th. Berenberg Bank dropped their target price on shares of Shell from GBX 3,000 ($37.97) to GBX 2,950 ($37.34) and set a buy rating on the stock in a research report on Friday, February 16th. Finally, Royal Bank of Canada reissued an outperform rating and issued a GBX 3,000 ($37.97) price target on shares of Shell in a research report on Monday. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Shell has a consensus rating of Buy and an average target price of GBX 3,086 ($39.06).
Read Our Latest Report on SHEL
Shell Stock Down 0.4 %
Shell Increases Dividend
The company also recently announced a dividend, which was paid on Monday, March 25th. Stockholders of record on Thursday, February 15th were issued a dividend of $0.34 per share. The ex-dividend date was Thursday, February 15th. This represents a dividend yield of 1.11%. This is a boost from Shell’s previous dividend of $0.33. Shell’s payout ratio is presently 4,778.76%.
Insiders Place Their Bets
In related news, insider Sinead Gorman acquired 18,276 shares of the business’s stock in a transaction on Monday, February 26th. The shares were bought at an average cost of GBX 2,494 ($31.57) per share, with a total value of £455,803.44 ($576,893.36). In other Shell news, insider Sinead Gorman purchased 18,276 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were acquired at an average price of GBX 2,494 ($31.57) per share, for a total transaction of £455,803.44 ($576,893.36). Also, insider Charles Roxburgh purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was bought at an average price of GBX 2,552 ($32.30) per share, with a total value of £76,560 ($96,899.13). 0.13% of the stock is owned by insiders.
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.
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