Shell (NYSE:SHEL) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Shell (NYSE:SHEL) from a hold rating to a buy rating in a research report released on Saturday morning.

SHEL has been the subject of several other reports. Jefferies Financial Group upped their target price on Shell to $122.40 and gave the company a “buy” rating in a report on Thursday, May 21st. Piper Sandler assumed coverage on Shell in a research report on Thursday. They issued a “neutral” rating and a $88.00 price objective on the stock. 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. BNP Paribas Exane set a $101.00 target price on Shell and gave the stock a “neutral” rating in a research note on Friday, April 17th. Finally, Rothschild & Co Redburn downgraded shares of Shell from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Five research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Shell presently has an average rating of “Hold” and a consensus price target of $98.19.

Shell Stock Performance

Shares of SHEL stock opened at $88.41 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.97. The firm has a 50-day moving average of $83.39 and a 200-day moving average of $83.49. Shell has a one year low of $68.63 and a one year high of $94.90. The company has a market cap of $247.86 billion, a P/E ratio of 13.77, a P/E/G ratio of 0.62 and a beta of 0.06.

Shell (NYSE:SHEL) last released its quarterly earnings results on Friday, May 8th. The energy company reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.30. Shell had a net margin of 6.85% and a return on equity of 11.18%. The business had revenue of $69.69 billion for the quarter, compared to analysts’ expectations of $77.54 billion. Equities research analysts forecast that Shell will post 9.81 EPS for the current fiscal year.

Institutional Trading of Shell

A number of large investors have recently bought and sold shares of SHEL. Brighton Jones LLC increased its holdings 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 acquiring an additional 2,545 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Shell by 70.1% during the first quarter. AQR Capital Management LLC now owns 32,564 shares of the energy company’s stock valued at $2,386,000 after purchasing an additional 13,419 shares during the last quarter. IHT Wealth Management LLC boosted its position in Shell by 31.6% during the second quarter. IHT Wealth Management LLC now owns 11,900 shares of the energy company’s stock worth $838,000 after purchasing an additional 2,857 shares during the period. Captrust Financial Advisors increased its stake in shares of Shell by 5.5% in the second quarter. Captrust Financial Advisors now owns 137,086 shares of the energy company’s stock worth $9,652,000 after purchasing an additional 7,179 shares in the last quarter. Finally, Horizon Investments LLC raised its position in shares of Shell by 6.4% in the third quarter. Horizon Investments LLC now owns 3,521 shares of the energy company’s stock valued at $252,000 after purchasing an additional 211 shares during the period. 28.60% of the stock is owned by hedge funds and other institutional investors.

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.