Shell (NYSE:SHEL) Upgraded at Wolfe Research

Wolfe Research upgraded shares of Shell (NYSE:SHEL) from a peer perform rating to an outperform rating in a research report sent to investors on Friday morning, Marketbeat Ratings reports. They currently have $80.00 price target on the energy company’s stock.

A number of other equities research analysts also recently issued reports on SHEL. Citigroup raised shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company lowered their price target on Shell from $88.00 to $87.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a report on Friday, October 11th. Barclays upgraded shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Piper Sandler dropped their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Shell currently has a consensus rating of “Buy” and a consensus target price of $79.83.

Shell Stock Up 2.3 %

Shares of NYSE:SHEL opened at $64.52 on Friday. The business has a 50-day moving average price of $64.52 and a 200 day moving average price of $68.22. Shell has a 12-month low of $60.15 and a 12-month high of $74.61. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $198.54 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 4.84 and a beta of 0.55.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were given a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s dividend payout ratio is presently 56.58%.

Institutional Investors Weigh In On Shell

Institutional investors have recently modified their holdings of the company. Fortitude Family Office LLC purchased a new stake in Shell during the 3rd quarter worth about $30,000. Fairscale Capital LLC purchased a new stake in Shell during the second quarter worth approximately $33,000. Valley Wealth Managers Inc. purchased a new position in Shell in the third quarter valued at approximately $33,000. Brooklyn Investment Group acquired a new stake in Shell during the third quarter worth approximately $35,000. Finally, GHP Investment Advisors Inc. boosted its holdings in shares of Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after buying an additional 163 shares in the last quarter. 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.