The price of Shell plc (NYSE:SHEL) shares last traded on Wall Street fell -1.20% to $60.06.
Based on available information, 30 analysts follow Shell plc (NYSE:SHEL). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $86.00 and a low of $56.40, we find $74.10. Given the previous closing price of $60.79, this indicates a potential upside of 21.9 percent. SHEL stock price is now 0.93% away from the 50-day moving average and 6.05% away from the 200-day moving average. The market capitalization of the company currently stands at $204.76B.
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Among analysts, 6 rate the stock a hold while 21 rate it a buy. Brokers who have rated the stock have averaged $73.30 as their price target over the next twelve months.
With the price target enhanced from $74 to $85, Goldman Upgraded its rating from Neutral to Buy for Shell plc (NYSE: SHEL)., while ‘Goldman’ rates the stock as ‘Neutral’.
A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SHEL stock. A new stake in Shell plc shares was purchased by EAGLE CAPITAL MANAGEMENT LLC during the first quarter worth $769,647,000. PERPETUAL LTD invested $608,493,000 in shares of SHEL during the first quarter. In the first quarter, BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in Shell plc valued at approximately $146,447,000. RUFFER LLP acquired a new stake in SHEL for approximately $55,411,000. 1832 ASSET MANAGEMENT L.P. purchased a new stake in SHEL valued at around $49,759,000 in the second quarter. In total, there are 1,321 active investors with 8.10% ownership of the company’s stock.
A candlestick chart of Shell plc (NYSE: SHEL) showed a price of $60.43 on Thursday morning. During the past 12 months, Shell plc has had a low of $44.90 and a high of $62.75. As of last week, the company has a debt-to-equity ratio of 0.44, a current ratio of 1.50, and a quick ratio of 1.20. According to the stock market information, the enterprise value for the company is $243.74B, which is based on a 4.98 price-to-earnings ratio, a 1.66 price-to-earnings-growth ratio, and a beta of 0.65. The fifty day moving average price for SHEL is $59.48 and a two-hundred day moving average price translates $56.85 for the stock.
The latest earnings results from Shell plc (NYSE: SHEL) was released for Mar, 2023. According to the Oil & Gas Integrated Company, earnings per share came in at $2.75, beating analysts’ expectations of $2.24 by 0.51. This compares to $1.91 EPS in the same period last year. The net profit margin was 11.40% and return on equity was 23.10% for SHEL. The company reported revenue of $89.02 billion for the quarter, compared to $83.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.04 percent. For the current quarter, analysts expect SHEL to generate $61.73B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/26/2023. Investors who held shares on 05/19/2023 were paid a $0.575 dividend. On an annualized basis, this represents a $2.15 dividend and a 3.58% percent yield. There was an ex-dividend date of 05/18/2023 for this dividend. In terms of dividend payout ratio, SHEL is presently at 17.70%.
Shell plc(SHEL) 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 necessary to deliver gas to market. The company also markets and trades natural gas, liquefied natural gas (LNG), crude oil, electricity, carbon-emission rights; and markets and sells LNG as a fuel for heavy-duty vehicles. In addition, it trades in and refines crude oil and other feed stocks, such as low-carbon fuels, lubricants, bitumen, sulphur, gasoline, diesel, aviation fuel, and marine fuel; produces and sells petrochemicals for industrial use; and manages oil sands activities. Further, the company produces base chemicals comprising ethylene, propylene, and aromatics, as well as intermediate chemicals, such as styrene monomer, propylene oxide, solvents, detergent alcohols, ethylene oxide, and ethylene glycol. Additionally, it generates electricity through wind and solar resources; produces and sells hydrogen; and provides electric vehicle charging services. The company was formerly known as Royal Dutch Shell plc and changed its name to Shell plc in January 2022. Shell plc was founded in 1907 and is headquartered in London, the United Kingdom.
