Shell (NYSE:SHEL) Stock Price Expected to Rise, TD Securities Analyst Says

Shell (NYSE:SHEL) had its target price raised by TD Securities from $81.00 to $82.00 in a report published on Wednesday morning,Benzinga reports. TD Securities currently has a buy rating on the energy company’s stock.

A number of other equities analysts have also recently issued reports on SHEL. Wells Fargo & Company cut their price objective on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. TD Cowen initiated coverage on Shell in a research note on Wednesday. They issued a “buy” rating and a $81.00 price objective for the company. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Friday, January 3rd. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Finally, UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $79.48.

Shell Stock Up 0.8 %

Shares of Shell stock opened at $71.56 on Wednesday. The firm has a market cap of $216.39 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 0.98 and a beta of 0.47. The stock’s 50-day moving average is $66.78 and its 200 day moving average is $66.22. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. Shell has a one year low of $60.15 and a one year high of $74.61.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. Equities research analysts anticipate that Shell will post 7.67 EPS for the current year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be given a dividend of $0.716 per share. The ex-dividend date is Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.00%. This is a boost from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio (DPR) is currently 56.97%.

Institutional Trading of Shell

Institutional investors and hedge funds have recently modified their holdings of the business. CoreFirst Bank & Trust bought a new position in Shell in the 4th quarter valued at $28,000. Valley National Advisers Inc. grew its position in Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after buying an additional 400 shares during the period. Human Investing LLC purchased a new stake in Shell during the fourth quarter worth about $31,000. Brooklyn Investment Group purchased a new position in Shell in the third quarter valued at about $35,000. Finally, Transce3nd LLC purchased a new stake in shares of Shell during the 4th quarter worth approximately $34,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

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.