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Shell plc Is A Buy Small Cap Stock: Analysts

Shell plc (NYSE:SHEL) has a beta value of 0.68 and has seen 1.21 million shares traded in the recent trading session. The company, currently valued at $200.33B, closed the recent trade at $57.78 per share which meant it lost -$0.21 on the day or -0.35% during that session. The SHEL stock price is -6.73% off its 52-week high price of $61.67 and 22.29% above the 52-week low of $44.90. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.67 million shares traded. The 3-month trading volume is 4.48 million shares.

The consensus among analysts is that Shell plc (SHEL) is an Overweight stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 2 rate it as Overweight. 9 out of 31 have rated it as a Hold, with 20 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $2.73.

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Shell plc (NYSE:SHEL) trade information

Sporting -0.35% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 01/24/23 when the SHEL stock price touched $57.78 or saw a rise of 2.42%. Year-to-date, Shell plc shares have moved 1.83%, while the 5-day performance has seen it change -2.37%. Over the past 30 days, the shares of Shell plc (NYSE:SHEL) have changed 0.68%. Short interest in the company has seen 4.11 million shares shorted with days to cover at 0.68.

Wall Street analysts have a consensus price target for the stock at $69.52, which means that the shares’ value could jump 16.89% from the levels at last check today. The projected low price target is $60.00 while the price target rests at a high of $76.70. In that case, then, we find that the latest price level in today’s session is -32.74% off the targeted high while a plunge would see the stock gain -3.84% from the levels at last check today.

Shell plc (SHEL) estimates and forecasts

Figures show that Shell plc shares have outperformed across the wider relevant industry. The company’s shares have gained 15.54% over the past 6 months, with this year growth rate of 106.06%, compared to 23.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 157.50% and 88.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 49.60%.

1 analysts offering their estimates for the company have set an average revenue estimate of $80.05 billion for the current quarter. 1 have an estimated revenue figure of $85.5 billion for the next quarter concluding in Dec 2022.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 34.70% over the past 5 years. Earnings growth for 2023 is a modest 192.60% while over the next 5 years, the company’s earnings are expected to increase by 3.00%.

SHEL Dividends

Shell plc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2.46 at a share yield of 4.24%. The company’s dividend yield has gone up over the past 12 months.

Shell plc (NYSE:SHEL)’s Major holders

Insiders own 0.01% of the company shares, while shares held by institutions stand at 8.26% with a share float percentage of 8.26%. Investors are also buoyed by the number of investors in a company, with Shell plc having a total of 1,247 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 21.25 million shares worth more than $1.11 billion. As of Jun 29, 2022, FMR, LLC held 0.60% of shares outstanding.

The other major institutional holder is Fisher Asset Management, LLC, with the holding of over 20.26 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $1.06 billion and represent 0.57% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Fidelity Series International Value Fund and DFA International Value Series. As of Aug 30, 2022, the former fund manager holds about 0.26% shares in the company for having 9.21 million shares of worth $488.0 million while later fund manager owns 9.02 million shares of worth $481.24 million as of Jul 30, 2022, which makes it owner of about 0.25% of company’s outstanding stock.

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