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Shell (SHEL) Gains Equal Weight Rating from Wells Fargo Amid Sector-Wide Caution
Yahoo Financeยท 2025-10-30 01:35
Group 1 - Shell plc (NYSE:SHEL) is recognized as one of the 11 Best FTSE Dividend Stocks to buy currently [1] - Wells Fargo initiated coverage of Shell with an Equal Weight rating and a price target of $76, highlighting a bearish sentiment in the oil and energy sector that may present investment opportunities [2][3] - The company has been a consistent dividend payer since 1985, currently offering an interim dividend of $0.358 per share and a dividend yield of 3.73% as of October 28 [5] Group 2 - Wells Fargo's analysis indicates that while demand indicators are weak, US onshore activity trends provide a supply-side balance, influencing capital returns and relative performance in the energy sector [4]