barrons.com/amp/articles/buy-shell-stock-51652482774
Shell has some of the most attractive assets in the global energy business. But at a recent $55, its U.S.-listed shares trade for just six times projected 2022 earnings of $9 a share. Exxon Mobil (XOM), at $86, fetches nine times estimated...

Shell (ticker: SHEL) has some of the most attractive assets in the global energy business. At a recent $55, its U.S.-listed shares trade for just six times projected 2022 earnings of $9 a share. Shell could take steps to address the valuation gap, such as breaking up the company.

The liquefied natural gas, or LNG, business and service stations together could be worth $170 billion. Shell’s portfolio of disparate businesses ranging from deepwater oil to wind farms to gas stations to chemical plants is confusing and unmanageable. “Shell should reinstate the pre-Covid dividend,” Loeb says.

Shell could also pay a much higher dividend. The company slashed its dividend by 65% in 2020, during the Covid pandemic. Its current dividend yield of 3.6% is comparable to that of Exxon, at 4.1%. Shell maintains a conservative dividend payout ratio of 20%, based on projected 2022 earnings.
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