Shell (NYSE:SHEL) Reaches New 1-Year High – Here’s What Happened

Shell PLC Unsponsored ADR (NYSE:SHEL) shares reached a new 52-week high on Wednesday . The stock traded as high as $79.72 and last traded at $79.8240, with a volume of 2787655 shares changing hands. The stock had previously closed at $77.90.

Wall Street Analyst Weigh In

SHEL has been the subject of a number of research reports. Citigroup reiterated a “neutral” rating on shares of Shell in a research note on Monday, November 3rd. Jefferies Financial Group reissued a “buy” rating on shares of Shell in a research report on Thursday, January 8th. Wells Fargo & Company lowered their price objective on shares of Shell from $78.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Friday, February 6th. Wall Street Zen cut shares of Shell from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Finally, Bank of America lowered Shell from a “buy” rating to a “neutral” rating in a research note on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $81.33.

Shell Stock Performance

The company has a market cap of $226.51 billion, a PE ratio of 13.13, a PEG ratio of 5.77 and a beta of 0.16. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $74.05 and its two-hundred day moving average is $73.50.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, February 5th. The energy company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.64). Shell had a net margin of 6.52% and a return on equity of 10.34%. The business had revenue of $64.09 billion for the quarter, compared to the consensus estimate of $65.82 billion. On average, equities research analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 EPS for the current year.

Institutional Investors Weigh In On Shell

Several institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC lifted its stake in Shell by 51.7% in the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock worth $468,000 after purchasing an additional 2,545 shares in the last quarter. Whittier Trust Co. increased its holdings in shares of Shell by 10.9% in the second quarter. Whittier Trust Co. now owns 34,262 shares of the energy company’s stock worth $2,412,000 after purchasing an additional 3,361 shares during the last quarter. Allied Investment Advisors LLC lifted its position in shares of Shell by 3.5% in the third quarter. Allied Investment Advisors LLC now owns 191,732 shares of the energy company’s stock worth $13,715,000 after buying an additional 6,546 shares in the last quarter. Alteri Wealth LLC purchased a new position in Shell during the 2nd quarter valued at approximately $258,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Shell by 21.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 31,765 shares of the energy company’s stock worth $2,236,000 after acquiring an additional 5,637 shares during the last quarter. Institutional investors 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.