Brokerages Set Shell plc (NYSE:SHEL) Target Price at $67.00

Shares of Shell plc (NYSE:SHEL) have been given an average rating of “Hold” by the three ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $67.00.

Separately, TheStreet upgraded Shell from a “c” rating to a “b-” rating in a research report on Monday, January 29th.

Hedge Funds Weigh In On Shell

A number of institutional investors and hedge funds have recently bought and sold shares of SHEL. Provence Wealth Management Group acquired a new position in shares of Shell during the third quarter valued at $26,000. VisionPoint Advisory Group LLC acquired a new position in shares of Shell during the third quarter valued at $26,000. Rise Advisors LLC lifted its stake in shares of Shell by 84.4% during the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock valued at $27,000 after acquiring an additional 189 shares during the period. Valley National Advisers Inc. lifted its stake in shares of Shell by 217.7% during the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock valued at $27,000 after acquiring an additional 283 shares during the period. Finally, Beaird Harris Wealth Management LLC lifted its stake in shares of Shell by 611.1% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock valued at $29,000 after acquiring an additional 385 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Performance

SHEL opened at $73.27 on Wednesday. The stock has a market cap of $235.75 billion, a PE ratio of 12.95, a P/E/G ratio of 1.74 and a beta of 0.62. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. Shell has a 1 year low of $55.78 and a 1 year high of $73.94. The stock’s 50 day simple moving average is $67.62 and its 200-day simple moving average is $65.86.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.28. Shell had a return on equity of 14.69% and a net margin of 5.99%. The firm had revenue of $80.13 billion for the quarter, compared to analysts’ expectations of $89.59 billion. During the same period in the prior year, the business posted $2.76 earnings per share. Sell-side analysts forecast that Shell will post 8.16 EPS for the current year.

Shell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, February 16th were paid a $0.662 dividend. This represents a $2.65 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Thursday, February 15th. Shell’s dividend payout ratio is currently 48.59%.

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.