Shell PLC Unsponsored ADR (NYSE:SHEL) Receives $106.77 Consensus Target Price from Analysts

Shares of Shell PLC Unsponsored ADR (NYSE:SHEL) have been assigned a consensus recommendation of “Hold” from the eighteen ratings firms that are covering the firm, MarketBeat reports. Thirteen investment analysts have rated the stock with a hold recommendation and five have assigned 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 $106.7714.

Several research firms have issued reports on SHEL. Wall Street Zen upgraded Shell from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Mizuho started coverage on Shell in a research report on Monday, July 20th. They issued a “neutral” rating and a $98.00 price target for the company. HSBC raised Shell from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Wells Fargo & Company lifted their target price on Shell from $100.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Finally, Zacks Research cut Shell from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th.

Shell Trading Down 1.2%

Shares of Shell stock opened at $91.14 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.43. The stock has a market capitalization of $255.51 billion, a P/E ratio of 10.06, a P/E/G ratio of 0.60 and a beta of 0.05. Shell has a 52-week low of $68.63 and a 52-week high of $94.90. The stock’s 50-day simple moving average is $85.72 and its 200 day simple moving average is $86.20.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.29. The company had revenue of $94.66 billion for the quarter, compared to analyst estimates of $86.22 billion. Shell had a net margin of 8.55% and a return on equity of 14.34%. As a group, research analysts anticipate that Shell will post 10.36 EPS for the current year.

Institutional Investors Weigh In On Shell

Large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in shares of Shell by 51.7% in the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock valued at $468,000 after acquiring an additional 2,545 shares in the last quarter. Diversify Advisory Services LLC purchased a new position in shares of Shell during the second quarter worth about $854,000. Beese Fulmer Investment Management Inc. increased its position in shares of 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 purchasing an additional 22,187 shares during the last quarter. Integrated Investment Consultants LLC lifted its position in Shell by 489.8% during the fourth quarter. Integrated Investment Consultants LLC now owns 19,569 shares of the energy company’s stock valued at $1,438,000 after purchasing an additional 16,251 shares during the last quarter. Finally, Foster & Motley Inc. purchased a new position in Shell in the 2nd quarter worth approximately $1,379,000. 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.