Shell (NYSE:SHEL) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Shell (NYSE:SHEL) from a hold rating to a strong-buy rating in a report published on Monday morning,Zacks.com reports.

SHEL has been the topic of several other reports. Wall Street Zen lowered Shell from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Piper Sandler upped their price objective on Shell from $89.00 to $106.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. Morgan Stanley lowered Shell from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 24th. TD Cowen lowered their price objective on Shell from $112.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Finally, Wells Fargo & Company upped their price objective on Shell from $77.00 to $94.00 and gave the company an “equal weight” rating in a research note on Thursday, April 9th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $91.55.

Shell Stock Performance

Shell stock traded down $0.06 during trading hours on Monday, hitting $91.30. The stock had a trading volume of 866,507 shares, compared to its average volume of 7,092,354. The company has a 50-day moving average of $86.09 and a two-hundred day moving average of $78.06. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 0.38. The company has a market cap of $258.54 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 0.53 and a beta of 0.10. Shell has a fifty-two week low of $63.77 and a fifty-two week high of $94.90.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Old North State Trust LLC boosted its position in Shell by 25.5% in the 4th quarter. Old North State Trust LLC now owns 7,857 shares of the energy company’s stock valued at $577,000 after buying an additional 1,594 shares during the last quarter. Nalls Sherbakoff Group LLC bought a new position in Shell in the 4th quarter valued at $36,000. Union Savings Bank bought a new position in Shell in the 4th quarter valued at $92,000. IHT Wealth Management LLC boosted its position in Shell by 9.7% in the 4th quarter. IHT Wealth Management LLC now owns 13,630 shares of the energy company’s stock valued at $1,002,000 after buying an additional 1,201 shares during the last quarter. Finally, Advisory Services Network LLC boosted its position in Shell by 6.2% in the 4th quarter. Advisory Services Network LLC now owns 39,670 shares of the energy company’s stock valued at $2,915,000 after buying an additional 2,299 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Key Shell News

Here are the key news stories impacting Shell this week:

• Positive Sentiment: Zacks Research upgraded Shell from “Hold” to “Strong-Buy”, a clear analyst endorsement that can support demand for the stock. Zacks.com
• Positive Sentiment: Shell executed share buybacks on 13 April as part of its ongoing repurchase programme, reducing shares outstanding and supporting EPS. (Detailed transaction report lists multiple venue purchases.) Transaction in Own Shares
• Positive Sentiment: Shell is in advanced talks to sell its South Africa fuel-station network to ADNOC for roughly $1 billion — a monetisation likely to boost cash and streamline the retail portfolio if completed. Shell talks with UAE’s ADNOC for South Africa fuel outlet sale, Bloomberg News reports
• Positive Sentiment: Operational upside: Shell has ramped LNG deliveries into India, winning major tenders and recording its largest monthly LNG flows there — supporting near-term revenue and market share in a high-demand region. Shell Accelerates LNG Supplies to India Amid West Asia Disruptions
• Positive Sentiment: Shell is set to sign agreements to operate the Loran gas field in Venezuela, a deal that could add upstream volumes (but monitor geopolitical and execution risks). Chevron, Shell to sign agreements for oil, gas areas in Venezuela, sources say
• Neutral Sentiment: Corporate governance: Shell will allow shareholders to vote on a Follow This climate resolution at the AGM but recommends a vote against it — a governance event to watch for investor sentiment and potential activism. Shell, in contrast to BP, allows AGM vote on Follow This climate resolution
• Neutral Sentiment: Zacks also placed SHEL on several April 14 lists (momentum and income Rank #1 strong-buy lists), reinforcing positive analyst attention but not a guarantee of immediate stock moves. Best Momentum Stocks to Buy for April 14th
• Negative Sentiment: Near-term market reaction: the stock traded lower despite broader market gains (reported intraday/close move ~1.34%), suggesting profit-taking or short-term positioning offsetting the positive headlines. Shell (SHEL) Stock Drops Despite Market Gains: Important Facts to Note

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.