Royal Dutch Shell plc (NYSE:RDS.A) had its target price decreased by Simmons from $61.00 to $60.00 in a research note issued to investors on Thursday, StockTargetPrices.com reports. Simmons currently has an overweight rating on the energy company’s stock.

A number of other research firms have also recently weighed in on RDS.A. Citigroup Inc cut Royal Dutch Shell plc from a neutral rating to a sell rating and set a $47.00 price target on the stock. in a report on Wednesday. Goldman Sachs Group Inc cut Royal Dutch Shell plc from a conviction-buy rating to a buy rating in a report on Tuesday, February 21st. Zacks Investment Research upgraded Royal Dutch Shell plc from a sell rating to a hold rating in a report on Wednesday, January 18th. Scotiabank restated a hold rating and issued a $56.00 price target on shares of Royal Dutch Shell plc in a report on Monday, February 6th. Finally, Jefferies Group LLC restated a buy rating and issued a $67.50 price target on shares of Royal Dutch Shell plc in a report on Wednesday, January 18th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Royal Dutch Shell plc has an average rating of Hold and a consensus price target of $58.56.

Analyst Recommendations for Royal Dutch Shell plc (NYSE:RDS.A)

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The firm also recently declared a quarterly dividend, which was paid on Monday, March 27th. Shareholders of record on Friday, February 17th were paid a dividend of $0.799 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date was Wednesday, February 15th. Royal Dutch Shell plc’s dividend payout ratio is presently 278.26%.

About Royal Dutch Shell plc

The Royal Dutch Shell plc explores for crude oil and natural gas around the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company’s segments include Integrated Gas, Upstream, Downstream and Corporate. The Integrated Gas segment is engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products, as well as projects with an integrated activity, ranging from producing to commercializing gas.

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