In yesterday’s Wall Street session, Shell plc (NYSE:SHEL) shares traded at $60.93, down -1.02% from the previous session.
As of this writing, 30 analysts cover Shell plc (NYSE:SHEL). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $83.00 and a low of $60.40, we find $73.50. Given the previous closing price of $61.56, this indicates a potential upside of 19.4 percent. SHEL stock price is now 0.65% away from the 50-day moving average and 3.29% away from the 200-day moving average. The market capitalization of the company currently stands at $202.04B.
There are 5 analysts who have given it a hold rating, whereas 22 have given it a buy rating. Brokers who have rated the stock have averaged $73.09 as their price target over the next twelve months.
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 PALE FIRE CAPITAL SE during the first quarter worth $330,984,000. D. E. SHAW & CO., INC. invested $87,454,000 in shares of SHEL during the first quarter. In the first quarter, PORTSIDE WEALTH GROUP, LLC acquired a new stake in Shell plc valued at approximately $63,353,000. RENAISSANCE TECHNOLOGIES LLC acquired a new stake in SHEL for approximately $41,456,000. AVENTAIL CAPITAL GROUP, LP purchased a new stake in SHEL valued at around $34,451,000 in the second quarter. In total, there are 1,336 active investors with 8.10% ownership of the company’s stock.
Tuesday morning saw Shell plc (NYSE: SHEL) opened at $61.44. During the past 12 months, Shell plc has had a low of $46.74 and a high of $63.69. 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. The fifty day moving average price for SHEL is $60.71 and a two-hundred day moving average price translates $59.17 for the stock.
The latest earnings results from Shell plc (NYSE: SHEL) was released for Jun, 2023. According to the Oil & Gas Integrated Company, earnings per share came in at $1.5, missing analysts’ expectations of $1.64 by -0.14. This compares to $4.85 EPS in the same period last year. The net profit margin was 8.10% and return on equity was 15.20% for SHEL. The company reported revenue of $76.02 billion for the quarter, compared to $103.08 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -26.25 percent. For the current quarter, analysts expect SHEL to generate $63.34B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/18/2023. Investors who held shares on 08/11/2023 were paid a $0.662 dividend. On an annualized basis, this represents a $2.81 dividend and a 4.62% percent yield. There was an ex-dividend date of 08/10/2023 for this dividend. In terms of dividend payout ratio, SHEL is presently at 28.10%.
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.
