Shell PLC Unsponsored ADR (NYSE:SHEL) Receives Average Rating of “Hold” from Analysts

Shares of Shell PLC Unsponsored ADR (NYSE:SHEL) have been assigned a consensus rating of “Hold” from the twenty brokerages that are covering the firm, MarketBeat.com reports. Fourteen investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $97.3286.

Several brokerages have recently issued reports on SHEL. Rothschild & Co Redburn cut Shell from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Weiss Ratings cut Shell from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Piper Sandler boosted their price objective on Shell from $89.00 to $106.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Wells Fargo & Company boosted their price objective on Shell from $77.00 to $94.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. Finally, Erste Group Bank reissued a “hold” rating on shares of Shell in a report on Tuesday, May 5th.

Shell Stock Up 3.8%

Shell stock opened at $88.59 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.97 and a current ratio of 1.27. The business’s 50-day simple moving average is $89.46 and its two-hundred day simple moving average is $80.28. The company has a market cap of $248.37 billion, a PE ratio of 13.80, a PEG ratio of 0.45 and a beta of 0.08. Shell has a fifty-two week low of $65.38 and a fifty-two week high of $94.90.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Friday, May 8th. The energy company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.30. The business had revenue of $69.69 billion for the quarter, compared to the consensus estimate of $77.54 billion. Shell had a return on equity of 11.18% and a net margin of 6.85%. Equities analysts anticipate that Shell will post 10.28 EPS for the current year.

Hedge Funds Weigh In On Shell

A number of hedge funds have recently made changes to their positions in the company. Brighton Jones LLC grew its position in shares of Shell by 51.7% in the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock valued at $468,000 after purchasing an additional 2,545 shares in the last quarter. Natixis Advisors LLC grew its position in shares of Shell by 13.2% in the third quarter. Natixis Advisors LLC now owns 1,445,346 shares of the energy company’s stock valued at $103,386,000 after purchasing an additional 167,983 shares in the last quarter. Allied Investment Advisors LLC grew its position in 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 acquiring an additional 6,546 shares during the period. Beese Fulmer Investment Management Inc. grew its position in Shell by 111.5% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 42,090 shares of the energy company’s stock worth $3,093,000 after acquiring an additional 22,187 shares during the period. Finally, Integrated Investment Consultants LLC grew its position in Shell by 489.8% in the fourth quarter. Integrated Investment Consultants LLC now owns 19,569 shares of the energy company’s stock worth $1,438,000 after acquiring an additional 16,251 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.