Brokerages Set Shell PLC Unsponsored ADR (NYSE:SHEL) PT at $100.46

Shares of Shell PLC Unsponsored ADR (NYSE:SHEL) have received a consensus recommendation of “Hold” from the twenty ratings firms that are presently covering the stock, Marketbeat Ratings reports. Fourteen equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $100.4625.

Several analysts have recently issued reports on SHEL shares. BNP Paribas Exane set a $101.00 price objective on Shell and gave the company a “neutral” rating in a research report on Friday, April 17th. Piper Sandler upped their price objective on Shell from $89.00 to $106.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Jefferies Financial Group upped their price objective on Shell to $122.40 and gave the company a “buy” rating in a research report on Thursday, May 21st. TD Cowen reduced their price objective on Shell from $112.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Finally, Wall Street Zen upgraded Shell from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th.

Institutional Trading of Shell

Several institutional investors and hedge funds have recently made changes to their positions in SHEL. SG Americas Securities LLC lifted its position in shares of Shell by 187.5% in the fourth quarter. SG Americas Securities LLC now owns 316,216 shares of the energy company’s stock valued at $23,236,000 after acquiring an additional 677,746 shares in the last quarter. Natixis Advisors LLC lifted its position in Shell by 13.2% during the third quarter. Natixis Advisors LLC now owns 1,445,346 shares of the energy company’s stock worth $103,386,000 after buying an additional 167,983 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its position in Shell by 452.6% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 74,296 shares of the energy company’s stock worth $6,910,000 after buying an additional 60,850 shares during the period. Captrust Financial Advisors lifted its position in Shell by 30.4% during the fourth quarter. Captrust Financial Advisors now owns 180,630 shares of the energy company’s stock worth $13,273,000 after buying an additional 42,129 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Shell by 119.7% during the fourth quarter. Farther Finance Advisors LLC now owns 42,664 shares of the energy company’s stock worth $3,135,000 after buying an additional 23,243 shares during the period. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Stock Down 0.1%

Shell stock opened at $85.56 on Monday. 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 firm has a market capitalization of $239.88 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 0.46 and a beta of 0.05. Shell has a fifty-two week low of $67.25 and a fifty-two week high of $94.90. The stock’s fifty day moving average is $87.82 and its two-hundred day moving average is $81.74.

Shell (NYSE:SHEL) last posted its 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 company had revenue of $69.69 billion for the quarter, compared to analyst estimates of $77.54 billion. Shell had a return on equity of 11.18% and a net margin of 6.85%. Analysts predict that Shell will post 10.21 EPS for the current fiscal year.

About Shell

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.