In today’s recent session, 1.13 million shares of the Shell Plc ADR (NYSE:SHEL) have been traded, and its beta is 0.56. Most recently the company’s share price was $68.07, and it changed around -$0.2 or -0.29% from the last close, which brings the market valuation of the company to $212.23B. SHEL at last check was trading at a discount to its 52-week high of $74.61, offering almost -9.61% off that amount. The share price’s 52-week low was $60.34, which indicates that the recent value has risen by an impressive 11.36% since then. We note from Shell Plc ADR’s average daily trading volume that its 10-day average is 5.63 million shares, with the 3-month average coming to 3.91 million.
Shell Plc ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.66. If we narrow it down even further, the data shows that 0 out of 15 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 4 recommended SHEL as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. Shell Plc ADR is expected to report earnings per share of 1.75 for the current quarter.
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Shell Plc ADR (NYSE:SHEL) trade information
Instantly SHEL has been showing red trend so far today with a performance of -0.29% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 70.56 on recent trading dayincreased the stock’s daily price by 3.53%. The company’s shares are currently up 3.45% year-to-date, but still up 0.37% over the last five days. On the other hand, Shell Plc ADR (NYSE:SHEL) is 3.29% up in the 30-day period. We can see from the shorts that 7.23 million shares have been sold at a short interest cover period of 1.61 day(s).
The consensus price target as assigned by Wall Street analysts is $85, which translates to bulls needing to increase their stock price by 19.92% from its current value. Analyst projections state that SHEL is forecast to be at a low of $79 and a high of $88.
Shell Plc ADR (SHEL) estimates and forecasts
Shell Plc ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -6.30 percent over the past six months and at a 0.48% annual growth rate that is well above the industry average of -7.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -5.90% in revenue this quarter, and will report a decrease of -15.80% in the next quarter. The year-over-year growth rate is expected to be -11.80%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 61.34B in revenue for the current quarter. 2 analysts expect Shell Plc ADR to make 54.58B in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at -30.70%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 0.39%. Shell Plc ADR earnings are expected to increase by -3.16% in 2024, but the outlook is positive 6.64% per year for the next five years.
SHEL Dividends
Shell Plc ADR’s next quarterly earnings report is expected to be released on 2024-Oct-31. The annual dividend yield of the stock is 4.00 percent and its annual dividend per share was 2.73. It is important to note, however, that the 4.00% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 4.71 per year.
Shell Plc ADR (NYSE:SHEL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.01% of Shell Plc ADR shares, and 11.77% of them are in the hands of institutional investors. The stock currently has a share float of 11.78%. Shell Plc ADR stock is held by 1545.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 1.9268% of the shares, which is about 62.04 million shares worth $4.48 billion.
FISHER ASSET MANAGEMENT, LLC, with 0.7461% or 24.02 million shares worth $1.73 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
