Shell plc (NYSE:SHEL – Get Free Report) was the target of some unusual options trading on Tuesday. Stock traders acquired 30,798 call options on the stock. This represents an increase of approximately 337% compared to the average volume of 7,051 call options.
Analyst Upgrades and Downgrades
Several research firms recently commented on SHEL. TD Securities increased their price objective on Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. TheStreet upgraded shares of Shell from a “c” rating to a “b-” rating in a research report on Monday, January 29th. Finally, Wells Fargo & Company boosted their price target on shares of Shell from $88.00 to $91.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Shell presently has an average rating of “Moderate Buy” and a consensus price target of $66.50.
View Our Latest Research Report on Shell
Institutional Investors Weigh In On Shell
Shell Price Performance
Shell stock opened at $72.98 on Wednesday. The company has a 50-day moving average price of $68.81 and a 200 day moving average price of $66.09. Shell has a 12-month low of $55.78 and a 12-month high of $73.94. The company has a current ratio of 1.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. The stock has a market cap of $234.81 billion, a P/E ratio of 13.46, a PEG ratio of 1.70 and a beta of 0.59.
Shell Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 17th will be issued a $0.688 dividend. The ex-dividend date is Thursday, May 16th. This is a boost from Shell’s previous quarterly dividend of $0.66. This represents a $2.75 dividend on an annualized basis and a yield of 3.77%. Shell’s dividend payout ratio is currently 50.74%.
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.
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