Shell (NYSE:SHEL) PT Lowered to $84.00 at Wells Fargo & Company

Shell (NYSE:SHEL) had its target price trimmed by Wells Fargo & Company from $88.00 to $84.00 in a report published on Friday, Benzinga reports. The brokerage currently has an overweight rating on the energy company’s stock.

A number of other equities analysts have also recently weighed in on the company. Scotiabank dropped their price target on Shell from $95.00 to $90.00 and set a sector outperform rating on the stock in a research note on Friday, July 12th. Royal Bank of Canada upgraded shares of Shell to a moderate buy rating in a research note on Tuesday, July 30th. Wolfe Research assumed coverage on shares of Shell in a report on Thursday, July 18th. They issued a peer perform rating for the company. Argus raised their target price on Shell from $77.00 to $79.00 and gave the company a buy rating in a report on Thursday, June 6th. Finally, Berenberg Bank raised Shell to a strong-buy rating in a report on Monday, August 5th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $83.50.

Shell Stock Performance

Shares of SHEL opened at $66.11 on Friday. Shell has a 12-month low of $60.34 and a 12-month high of $74.61. The business’s fifty day moving average price is $70.35 and its 200 day moving average price is $70.77. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.41 and a quick ratio of 1.12. The stock has a market capitalization of $206.97 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 1.60 and a beta of 0.57.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. Shell had a net margin of 5.97% and a return on equity of 14.56%. The business had revenue of $75.06 billion for the quarter, compared to analysts’ expectations of $88.62 billion. During the same period in the previous year, the business earned $1.50 earnings per share. Equities research analysts forecast that Shell will post 8.44 EPS for the current year.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, August 16th were given a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend was Friday, August 16th. Shell’s payout ratio is 50.74%.

Hedge Funds Weigh In On Shell

Institutional investors and hedge funds have recently made changes to their positions in the company. Hobbs Group Advisors LLC bought a new stake in Shell during the second quarter worth about $26,000. Triad Wealth Partners LLC bought a new stake in shares of Shell during the second quarter worth approximately $31,000. Beaird Harris Wealth Management LLC increased its stake in shares of Shell by 611.1% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock worth $29,000 after purchasing an additional 385 shares during the period. Fairscale Capital LLC bought a new stake in Shell in the 2nd quarter valued at $33,000. Finally, LRI Investments LLC bought a new position in Shell during the 1st quarter worth $47,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

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.