Shell’s (SHEL) “Neutral” Rating Reaffirmed at Piper Sandler

Shell (NYSE:SHEL)‘s stock had its “neutral” rating reissued by equities research analysts at Piper Sandler in a research note issued to investors on Thursday,Benzinga reports. They currently have a $88.00 price objective on the energy company’s stock. Piper Sandler’s price objective suggests a potential downside of 1.37% from the stock’s previous close.

A number of other brokerages have also commented on SHEL. Rothschild & Co Redburn lowered Shell from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Weiss Ratings lowered shares of Shell from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Mizuho began coverage on shares of Shell in a research note on Monday. They set a “neutral” rating and a $98.00 target price on the stock. TD Cowen reissued a “buy” rating on shares of Shell in a research note on Thursday, July 2nd. Finally, Jefferies Financial Group raised their price objective on Shell to $122.40 and gave the company a “buy” rating in a research report on Thursday, May 21st. Five analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $98.19.

Shell Price Performance

Shares of Shell stock opened at $89.22 on Thursday. The firm has a market cap of $250.13 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 0.61 and a beta of 0.06. The company’s fifty day simple moving average is $83.26 and its two-hundred day simple moving average is $83.36. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. Shell has a 12-month low of $68.63 and a 12-month high of $94.90.

Shell (NYSE:SHEL) last posted its earnings results on Friday, May 8th. The energy company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.30. Shell had a return on equity of 11.18% and a net margin of 6.85%.The company had revenue of $69.69 billion for the quarter, compared to analysts’ expectations of $77.54 billion. As a group, equities analysts expect that Shell will post 9.44 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Shell in the fourth quarter worth about $26,000. Zions Bancorporation National Association UT raised its holdings in shares of Shell by 186.7% during the 4th quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company’s stock worth $35,000 after acquiring an additional 308 shares in the last quarter. Nalls Sherbakoff Group LLC bought a new position in shares of Shell during the 4th quarter valued at approximately $36,000. Ares Financial Consulting LLC purchased a new position in shares of Shell in the fourth quarter valued at $38,000. Finally, Allied Private Wealth LLC purchased a new stake in Shell during the second quarter valued at $43,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

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.