Bank of America reissued their buy rating on shares of Shell (LON:SHEL – Free Report) in a report released on Monday morning, MarketBeat Ratings reports. They currently have a GBX 3,300 ($40.76) price objective on the stock.
A number of other equities research analysts also recently commented on the company. JPMorgan Chase & Co. reiterated an overweight rating on shares of Shell in a research report on Tuesday, February 20th. Berenberg Bank decreased their target price on Shell from GBX 3,000 ($37.06) to GBX 2,950 ($36.44) and set a buy rating on the stock in a research report on Friday, February 16th. Barclays restated an overweight rating and set a GBX 3,800 ($46.94) price objective on shares of Shell in a research report on Monday, April 8th. Finally, Royal Bank of Canada restated an outperform rating and set a GBX 3,000 ($37.06) price objective on shares of Shell in a research report on Monday, April 8th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of Buy and an average target price of GBX 3,109.78 ($38.41).
Get Our Latest Stock Analysis on SHEL
Shell Price Performance
Shell Increases Dividend
The firm also recently announced a dividend, which was paid on Monday, March 25th. Stockholders of record on Thursday, February 15th were paid a dividend of $0.34 per share. This is a boost from Shell’s previous dividend of $0.33. The ex-dividend date of this dividend was Thursday, February 15th. This represents a dividend yield of 1.11%. Shell’s dividend payout ratio is currently 4,778.76%.
Insider Activity
In other news, insider Charles Roxburgh acquired 3,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average price of GBX 2,552 ($31.52) per share, with a total value of £76,560 ($94,565.22). In related news, insider Charles Roxburgh bought 3,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were acquired at an average price of GBX 2,552 ($31.52) per share, with a total value of £76,560 ($94,565.22). Also, insider Sinead Gorman bought 18,276 shares of the company’s stock in a transaction on Monday, February 26th. The shares were bought at an average cost of GBX 2,494 ($30.81) per share, for a total transaction of £455,803.44 ($562,998.32). Insiders own 0.13% of the company’s stock.
About Shell
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.
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