Shell PLC Unsponsored ADR (NYSE:SHEL – Get Free Report) has earned an average rating of “Moderate Buy” from the eighteen research firms that are covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $106.63.
SHEL has been the subject of several recent research reports. Zacks Research upgraded Shell from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Morgan Stanley set a $101.30 price objective on shares of Shell and gave the company an “overweight” rating in a research note on Thursday, September 3rd. TD Cowen increased their target price on shares of Shell from $107.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, September 28th. Barclays reissued an “overweight” rating on shares of Shell in a report on Monday, October 5th. Finally, Wells Fargo & Company boosted their target price on shares of Shell from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st.
Check Out Our Latest Research Report on Shell
Shell Price Performance
NYSE:SHEL opened at $106.52 on Friday. The company has a market cap of $305.14 billion, a P/E ratio of 11.76, a P/E/G ratio of 0.89 and a beta of 0.10. The firm’s fifty day moving average price is $95.12 and its two-hundred day moving average price is $89.26. Shell has a one year low of $68.63 and a one year high of $106.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.12.
Shell (NYSE:SHEL – Get Free Report) last posted its earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.29. Shell had a net margin of 8.55% and a return on equity of 14.34%. The company had revenue of $94.66 billion during the quarter, compared to analysts’ expectations of $86.22 billion. Equities analysts expect that Shell will post 11.62 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE boosted its position in shares of Shell by 1.9% during the 2nd quarter. Bank of America Corp DE now owns 7,709,715 shares of the energy company’s stock worth $597,811,000 after purchasing an additional 146,988 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Shell by 7.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,352,694 shares of the energy company’s stock valued at $182,425,000 after buying an additional 171,873 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in Shell by 1.5% during the second quarter. First Eagle Investment Management LLC now owns 1,073,265 shares of the energy company’s stock worth $83,221,000 after acquiring an additional 16,244 shares during the period. Engineers Gate Manager LP grew its position in Shell by 300.7% during the second quarter. Engineers Gate Manager LP now owns 840,770 shares of the energy company’s stock valued at $65,193,000 after buying an additional 630,948 shares during the period. Finally, Jones Financial Companies Lllp grew its position in shares of Shell by 5.2% during the 2nd quarter. Jones Financial Companies Lllp now owns 776,654 shares of the energy company’s stock valued at $59,445,000 after acquiring an additional 38,212 shares during the period. 28.60% of the stock is owned by institutional investors.
About Shell
Shell plc is a global energy company headquartered in London, England. Its operations span the energy value chain, including the exploration, production, processing, trading and marketing of oil and natural gas. The company is also a major participant in liquefied natural gas (LNG), refining, chemicals and energy-related products.
Shell sells fuels, lubricants and other petroleum products through branded retail and commercial businesses, while also providing services to industrial, marine and aviation customers.
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