Shell plc (SHEL) To Go Ex-Dividend on May 16th

Shell plc (LON:SHEL) declared a dividend on Thursday, May 2nd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.34 per share on Monday, June 24th. This represents a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, May 16th. The official announcement can be accessed at this link.

Shell Stock Down 0.5 %

Shares of SHEL opened at GBX 2,858.50 ($35.91) on Friday. Shell has a 12 month low of GBX 2,214 ($27.81) and a 12 month high of GBX 2,952 ($37.08). The firm’s 50 day moving average is GBX 2,688.63 and its 200-day moving average is GBX 2,597.47. The stock has a market capitalization of £183.52 billion, a PE ratio of 1,264.82, a P/E/G ratio of 3.14 and a beta of 0.57. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 43.34.

Insider Buying and Selling at Shell

In related news, insider Sinead Gorman purchased 18,276 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was purchased at an average cost of GBX 2,494 ($31.33) per share, with a total value of £455,803.44 ($572,545.46). In other Shell news, insider Sinead Gorman bought 18,276 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of GBX 2,494 ($31.33) per share, with a total value of £455,803.44 ($572,545.46). Also, insider Charles Roxburgh purchased 3,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average price of GBX 2,552 ($32.06) per share, for a total transaction of £76,560 ($96,168.82). Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

SHEL has been the topic of a number of recent analyst reports. Barclays reissued an “overweight” rating and issued a GBX 3,800 ($47.73) price objective on shares of Shell in a research note on Friday. Berenberg Bank cut their target price on shares of Shell from GBX 3,000 ($37.68) to GBX 2,950 ($37.06) and set a “buy” rating on the stock in a research report on Friday, February 16th. Royal Bank of Canada restated an “outperform” rating and issued a GBX 3,000 ($37.68) target price on shares of Shell in a research report on Friday. Bank of America restated a “buy” rating and issued a GBX 3,300 ($41.45) target price on shares of Shell in a research report on Monday, April 22nd. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Shell in a research report on Tuesday, February 20th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Shell currently has an average rating of “Buy” and a consensus price target of GBX 3,109.78 ($39.06).

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.