Correlation of Shell Stock with WTI in 4Q17
The correlation coefficient of Shell stock versus WTI stood at 0.50 in the past one-year period.
Shell had an average price-to-book ratio of 1.1x in the period between 3Q15 and 3Q17.
Royal Dutch Shell’s (RDS.A) PEG ratio stands at 0.35, below the peer average of 0.41.
Short interest in Royal Dutch Shell (RDS.A) has risen from 0.15% in mid-September to the current level of 0.25%.
Shell is trading at a forward PE multiple of 15.6x, below its peer average of 16.5x.
The largest buyers of Shell stock in the past six months have been Boston Partners and Credit Suisse Securities USA.
Implied volatility in Royal Dutch Shell (RDS.A) stock has risen 0.5% since October 2, 2017, to the current level of 14.5%. During the same period, Shell stock rose 5.7%.
In 4Q17, Shell’s 50-day moving average remains above its 200-day moving average.
Shell’s 3Q17 EPS stood 46% higher than its 3Q16 adjusted EPS.
Shell’s Integrated Gas segment’s earnings rose 38% over 3Q16 to $1.3 billion in 3Q17.
Shell’s total debt rose from ~$58 billion in 4Q15 to a high of ~$98 billion in 3Q16.
Royal Dutch Shell (RDS.A) is covered by a total of 11 analysts, nine of whom rated Shell stock as a “buy” or “strong buy.”
In 9M17, Shell (RDS.A) generated $28.4 billion in cash from operations. However, it had a cash outflow of $14.9 billion in capex and $8.6 billion in dividends.
Shell’s current dividend yield stands at 5.9%, down from its 4Q15 dividend yield of 6.9%.
Royal Dutch Shell (RDS.A) recently canceled its scrip dividend program, which allowed shareholders to receive cash or shares. Shell’s 4Q17 dividend will be paid in cash.
In 3Q17, Royal Dutch Shell (RDS.A) incurred a total capital investment of $5.8 billion compared to $7.7 billion in 3Q16.
XOM, RDS.A, and BP’s respective correlations with WTI stood at 0.44, 0.56, and 0.52 in the past one-year period.
Short interest in CVX rose from 0.16% on August 2, 2017, to ~1.4% on October 13, 2017.
Reviewing the total-debt-to-total capital ratio in 3Q17, ExxonMobil (XOM) had the lowest ratio at 18.0%, and Chevron’s ratio was 22.0%.
The top two buyers of ExxonMobil stock in the past six months have been Vanguard and First Eagle Investment Management.