Brokerages Set Shell plc (NYSE:SHEL) Price Target at $82.00

Shell plc (NYSE:SHEL) has been assigned a consensus rating of “Buy” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $82.00.

SHEL has been the subject of a number of recent research reports. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Scotiabank decreased their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Wells Fargo & Company lifted their price target on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Citigroup raised Shell to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Barclays upgraded shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd.

Shell Stock Performance

SHEL opened at $63.25 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The business has a fifty day simple moving average of $66.56 and a 200 day simple moving average of $69.34. Shell has a 1 year low of $60.34 and a 1 year high of $74.61. The company has a market capitalization of $195.79 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 1.93 and a beta of 0.55.

Shell Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be given a dividend of $0.688 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.35%. Shell’s payout ratio is presently 56.58%.

Institutional Investors Weigh In On Shell

Large investors have recently bought and sold shares of the stock. FMR LLC raised its position in shares of Shell by 5.2% during the third quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock worth $4,306,465,000 after purchasing an additional 3,255,347 shares during the period. Fisher Asset Management LLC raised its holdings in Shell by 2.1% during the third quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock worth $1,617,796,000 after buying an additional 507,311 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Shell by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company’s stock valued at $1,640,082,000 after buying an additional 96,549 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Shell by 0.9% during the third quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company’s stock worth $408,430,000 after acquiring an additional 55,637 shares in the last quarter. Finally, Mawer Investment Management Ltd. lifted its position in Shell by 8.7% in the 3rd quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock valued at $348,405,000 after acquiring an additional 422,329 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

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.