Shell (NYSE:SHEL) Lowered to Hold Rating by BNP Paribas Exane

BNP Paribas Exane lowered shares of Shell (NYSE:SHEL) from a strong-buy rating to a hold rating in a report issued on Friday,Zacks.com reports.

A number of other brokerages also recently commented on SHEL. Royal Bank Of Canada downgraded Shell from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 26th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Shell in a research report on Thursday, January 8th. Piper Sandler upped their price target on Shell from $89.00 to $106.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. Weiss Ratings upgraded shares of Shell from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 30th. Finally, Scotiabank raised Shell to a “strong-buy” rating in a research report on Friday, March 27th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $92.90.

Shell Trading Down 4.0%

Shares of SHEL opened at $87.86 on Friday. The firm’s fifty day moving average is $86.90 and its two-hundred day moving average is $78.34. The stock has a market cap of $248.82 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 0.53 and a beta of 0.10. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 0.38. Shell has a 52-week low of $63.88 and a 52-week high of $94.90.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Friday, February 6th. The energy company reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.07). Shell had a return on equity of 10.34% and a net margin of 6.52%.The business had revenue of $64.09 billion for the quarter, compared to analyst estimates of $65.82 billion. Research analysts forecast that Shell will post 7.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SHEL. Colonial Trust Advisors grew its stake in shares of Shell by 9.5% during the fourth quarter. Colonial Trust Advisors now owns 1,488 shares of the energy company’s stock worth $109,000 after purchasing an additional 129 shares in the last quarter. Argent Advisors Inc. lifted its position in shares of Shell by 3.3% during the 3rd quarter. Argent Advisors Inc. now owns 4,717 shares of the energy company’s stock worth $337,000 after buying an additional 150 shares during the last quarter. First PREMIER Bank raised its stake in Shell by 6.1% during the 3rd quarter. First PREMIER Bank now owns 2,653 shares of the energy company’s stock worth $190,000 after acquiring an additional 153 shares in the last quarter. LRI Investments LLC grew its holdings in shares of Shell by 25.1% during the fourth quarter. LRI Investments LLC now owns 846 shares of the energy company’s stock worth $62,000 after purchasing an additional 170 shares during the last quarter. Finally, NBC Securities Inc. boosted its position in shares of Shell by 1.9% in the 4th quarter. NBC Securities Inc. now owns 9,552 shares of the energy company’s stock valued at $702,000 after purchasing an additional 176 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Company Profile

Shell plc (NYSE: SHEL) is a global integrated energy company that operates across the full oil and gas value chain as well as in developing lower-carbon energy solutions. The company traces its roots to the early 20th century merger of Royal Dutch Petroleum and Shell Transport and Trading, and today it is organized to explore for and produce hydrocarbons, process and refine them, manufacture petrochemicals, and market fuel, lubricants and related products under the Shell brand around the world.

Shell’s principal activities include upstream exploration and production of oil and natural gas, integrated gas operations including liquefied natural gas (LNG), and downstream refining, supply and marketing.