Shell PLC Unsponsored ADR (NYSE:SHEL) Given Consensus Rating of “Moderate Buy” by Brokerages

Shell PLC Unsponsored ADR (NYSE:SHEL) has received an average rating of “Moderate Buy” from the twenty-one brokerages that are presently covering the company, Marketbeat.com reports. Eleven investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $80.1625.

SHEL has been the topic of several recent research reports. UBS Group cut shares of Shell from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 25th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Shell in a research report on Thursday. Citigroup reaffirmed a “neutral” rating on shares of Shell in a research report on Monday, November 3rd. Cowen reaffirmed a “buy” rating on shares of Shell in a research report on Friday, October 31st. Finally, Bank of America downgraded shares of Shell from a “buy” rating to a “neutral” rating in a research note on Friday, December 5th.

Shell Stock Down 1.7%

SHEL stock opened at $70.31 on Friday. Shell has a one year low of $58.54 and a one year high of $77.47. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The firm’s fifty day moving average is $73.63 and its 200 day moving average is $72.75. The firm has a market cap of $202.16 billion, a PE ratio of 14.41, a P/E/G ratio of 3.52 and a beta of 0.16.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, October 30th. The energy company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.14. The firm had revenue of $68.15 billion for the quarter, compared to analyst estimates of $70.50 billion. Shell had a return on equity of 10.49% and a net margin of 5.34%. On average, research analysts forecast that Shell will post 7.67 EPS for the current year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Friday, November 14th were issued a dividend of $0.716 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $2.86 dividend on an annualized basis and a yield of 4.1%. Shell’s dividend payout ratio (DPR) is presently 58.61%.

Institutional Investors Weigh In On Shell

Several hedge funds and other institutional investors have recently bought and sold shares of SHEL. Old Port Advisors lifted its position in Shell by 8.9% in the fourth quarter. Old Port Advisors now owns 22,678 shares of the energy company’s stock valued at $1,666,000 after acquiring an additional 1,862 shares during the last quarter. Ransom Advisory Ltd boosted its position in shares of Shell by 13.8% in the 4th quarter. Ransom Advisory Ltd now owns 4,851 shares of the energy company’s stock valued at $356,000 after purchasing an additional 590 shares during the period. Red Spruce Capital LLC grew its stake in Shell by 1.8% during the 4th quarter. Red Spruce Capital LLC now owns 20,686 shares of the energy company’s stock worth $1,520,000 after buying an additional 372 shares during the last quarter. Noble Wealth Management PBC purchased a new stake in Shell in the fourth quarter valued at approximately $139,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Shell by 4.6% in the fourth quarter. GAMMA Investing LLC now owns 10,582 shares of the energy company’s stock valued at $778,000 after acquiring an additional 469 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Company Profile

Shell plc (NYSE: SHEL) is a global integrated energy company that operates across the full oil and gas value chain as well as in developing lower-carbon energy solutions. The company traces its roots to the early 20th century merger of Royal Dutch Petroleum and Shell Transport and Trading, and today it is organized to explore for and produce hydrocarbons, process and refine them, manufacture petrochemicals, and market fuel, lubricants and related products under the Shell brand around the world.

Shell’s principal activities include upstream exploration and production of oil and natural gas, integrated gas operations including liquefied natural gas (LNG), and downstream refining, supply and marketing.