Royal Dutch Shell PLC (RDS.A) Downgraded by Canaccord Genuity to Sell
Royal Dutch Shell PLC (NYSE:RDS.A) was downgraded by equities researchers at Canaccord Genuity from a “hold” rating to a “sell” rating in a report released on Friday, The Fly reports.
RDS.A has been the topic of a number of other reports. Royal Bank Of Canada downgraded shares of Royal Dutch Shell PLC from an “outperform” rating to a “sector perform” rating in a report on Monday, August 1st. Citigroup Inc. reiterated a “neutral” rating on shares of Royal Dutch Shell PLC in a report on Thursday. Argus reiterated a “buy” rating and issued a $60.00 price objective on shares of Royal Dutch Shell PLC in a report on Wednesday, August 24th. Vetr upgraded shares of Royal Dutch Shell PLC from a “hold” rating to a “buy” rating and set a $60.50 price objective on the stock in a report on Monday, July 11th. Finally, BNP Paribas reiterated a “neutral” rating on shares of Royal Dutch Shell PLC in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $59.58.
Royal Dutch Shell PLC (NYSE:RDS.A) last announced its earnings results on Thursday, July 28th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.53 by $0.47. The company had revenue of $58.42 billion for the quarter, compared to analyst estimates of $60.82 billion. Royal Dutch Shell PLC had a positive return on equity of 3.04% and a negative net margin of 2.06%. The business’s quarterly revenue was down 19.3% on a year-over-year basis. During the same quarter last year, the business posted $0.61 earnings per share.
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The firm also recently announced a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Friday, August 12th were given a $0.799 dividend. The ex-dividend date was Wednesday, August 10th. This represents a $3.20 dividend on an annualized basis and a dividend yield of Infinity. Royal Dutch Shell PLC’s payout ratio is presently -201.26%.
Several large investors have recently made changes to their positions in the stock. Nikko Asset Management Americas boosted its stake in shares of Royal Dutch Shell PLC by 5.0% in the fourth quarter. Nikko Asset Management Americas now owns 716,450 shares of the company’s stock worth $32,950,000 after buying an additional 34,145 shares during the last quarter. Mondrian Investment Partners increased its position in Royal Dutch Shell PLC by 1.9% in the fourth quarter. Mondrian Investment Partners now owns 593,824 shares of the company’s stock worth $27,191,000 after buying an additional 11,162 shares during the period. ICON Advisers bought a new position in Royal Dutch Shell PLC during the third quarter worth approximately $7,189,000. New Century Advisors increased its position in Royal Dutch Shell PLC by 0.8% in the fourth quarter. New Century Advisors now owns 128,550 shares of the company’s stock worth $58,902,000 after buying an additional 1,000 shares during the period. Finally, Fisher Asset Management increased its position in Royal Dutch Shell PLC by 1.9% in the fourth quarter. Fisher Asset Management now owns 122,793 shares of the company’s stock worth $5,623,000 after buying an additional 2,239 shares during the period. 7.60% of the stock is owned by institutional investors.
About Royal Dutch Shell PLC
Royal Dutch Shell plc (Shell) is an independent oil and gas company. The Company explores for crude oil and natural gas across the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company is engaged in the principal aspects of the oil and gas industry in approximately 70 countries.
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