Analysts Set Shell PLC Unsponsored ADR (NYSE:SHEL) Price Target at $78.64

by · The Cerbat Gem

Shares of Shell PLC Unsponsored ADR (NYSE:SHEL – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $78.3875.

SHEL has been the topic of several recent analyst reports. Scotiabank reiterated an “outperform” rating on shares of Shell in a research report on Friday, July 11th. Santander cut shares of Shell to a “neutral” rating in a research note on Friday, July 11th. Wells Fargo & Company cut their price objective on Shell from $80.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday, June 26th. Sanford C. Bernstein downgraded Shell from an “outperform” rating to a “market perform” rating in a research report on Monday, June 16th. Finally, Piper Sandler restated an “overweight” rating and set a $82.00 price target (down previously from $84.00) on shares of Shell in a report on Monday.

Check Out Our Latest Stock Report on SHEL

Shell Trading Down 0.5%

Shares of Shell stock opened at $71.52 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.32. The company has a fifty day moving average of $71.53 and a 200 day moving average of $68.46. The company has a market capitalization of $210.14 billion, a P/E ratio of 16.11, a P/E/G ratio of 1.91 and a beta of 0.44. Shell has a fifty-two week low of $58.54 and a fifty-two week high of $74.18.

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

Shell announced that its Board of Directors has authorized a share buyback plan on Friday, May 2nd that permits the company to buyback $3.50 billion in shares. This buyback authorization permits the energy company to purchase up to 1.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, August 15th will be issued a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, August 15th. Shell’s dividend payout ratio (DPR) is presently 64.41%.

Hedge Funds Weigh In On Shell

Hedge funds and other institutional investors have recently made changes to their positions in the company. Salomon & Ludwin LLC lifted its stake in Shell by 50.5% in the second quarter. Salomon & Ludwin LLC now owns 480 shares of the energy company’s stock worth $35,000 after acquiring an additional 161 shares during the period. Sax Wealth Advisors LLC lifted its position in shares of Shell by 3.9% in the 1st quarter. Sax Wealth Advisors LLC now owns 4,367 shares of the energy company’s stock worth $320,000 after purchasing an additional 164 shares during the period. Warther Private Wealth LLC boosted its stake in shares of Shell by 5.0% during the first quarter. Warther Private Wealth LLC now owns 3,433 shares of the energy company’s stock valued at $252,000 after purchasing an additional 165 shares in the last quarter. Harbour Capital Advisors LLC increased its holdings in Shell by 2.4% during the first quarter. Harbour Capital Advisors LLC now owns 7,235 shares of the energy company’s stock valued at $505,000 after buying an additional 170 shares during the period. Finally, Golden State Equity Partners lifted its holdings in Shell by 5.1% during the first quarter. Golden State Equity Partners now owns 3,562 shares of the energy company’s stock worth $261,000 after buying an additional 173 shares during the period. Institutional investors own 28.60% of the company’s stock.

Shell Company Profile

(Get Free Report)

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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