Shell PLC Unsponsored ADR (NYSE:SHEL) Given Average Recommendation of “Buy” by Brokerages

by · The Cerbat Gem

Shell PLC Unsponsored ADR (NYSE:SHEL – Get Free Report) has been given an average recommendation of “Buy” by the fourteen research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $78.11.

SHEL has been the subject of a number of recent research reports. Piper Sandler boosted their target price on Shell from $72.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 13th. Barclays reiterated an “overweight” rating on shares of Shell in a report on Wednesday, March 26th. Hsbc Global Res upgraded Shell to a “strong-buy” rating in a report on Tuesday, May 13th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Shell in a report on Wednesday, March 26th. Finally, Scotiabank dropped their price objective on Shell from $75.00 to $70.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th.

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Shell Stock Down 0.0%

NYSE SHEL opened at $70.98 on Monday. The stock has a market capitalization of $211.03 billion, a P/E ratio of 16.35, a price-to-earnings-growth ratio of 1.85 and a beta of 0.39. Shell has a 52 week low of $58.55 and a 52 week high of $74.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.08 and a current ratio of 1.32. The stock has a fifty day moving average of $67.63 and a 200-day moving average of $66.52.

Shell (NYSE:SHEL – Get Free Report) last released its earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.30. The company had revenue of $69.23 billion during the quarter, compared to the consensus estimate of $79.18 billion. Shell had a return on equity of 11.71% and a net margin of 4.75%. During the same quarter in the previous year, the company posted $2.40 earnings per share. On average, equities research analysts forecast that Shell will post 7.67 EPS for the current year.

Shell declared that its board has initiated a share repurchase plan on Friday, May 2nd that allows the company to repurchase $3.50 billion in shares. This repurchase authorization allows the energy company to purchase up to 1.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 16th were paid a $0.716 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 4.04%. Shell’s payout ratio is 65.90%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SHEL. FMR LLC grew its stake in Shell by 32.3% in the fourth quarter. FMR LLC now owns 86,417,177 shares of the energy company’s stock valued at $5,414,036,000 after acquiring an additional 21,118,234 shares during the period. GQG Partners LLC boosted its position in shares of Shell by 42,743.3% during the first quarter. GQG Partners LLC now owns 2,867,929 shares of the energy company’s stock worth $210,162,000 after buying an additional 2,861,235 shares during the period. Nuveen LLC acquired a new position in shares of Shell during the first quarter worth about $180,366,000. Voloridge Investment Management LLC boosted its position in shares of Shell by 170.3% during the fourth quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company’s stock worth $216,980,000 after buying an additional 2,182,253 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of Shell by 102.6% during the first quarter. Raymond James Financial Inc. now owns 2,965,812 shares of the energy company’s stock worth $217,335,000 after buying an additional 1,501,866 shares during the period. 28.60% of the stock is owned by institutional investors and hedge funds.

About Shell

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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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