Shell PLC Unsponsored ADR (SHEL) – What Are Brokerages Saying About This Stock?

Shares of Shell PLC Unsponsored ADR (NYSE:SHEL) have been given a consensus rating of “Moderate Buy” by the eighteen research firms that are currently covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $106.63.

Several equities analysts have commented on the stock. Barclays reissued an “overweight” rating on shares of Shell in a research report on Monday, October 5th. Weiss Ratings upgraded Shell from a “buy (b)” rating to a “buy (a-)” rating in a report on Thursday, October 8th. Wells Fargo & Company boosted their price target on Shell from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Wall Street Zen upgraded Shell from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, Piper Sandler increased their price objective on Shell from $89.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, September 3rd.

Institutional Investors Weigh In On Shell

A number of large investors have recently added to or reduced their stakes in SHEL. Bank of America Corp DE boosted its holdings in shares of Shell by 1.9% during the 2nd quarter. Bank of America Corp DE now owns 7,709,715 shares of the energy company’s stock worth $597,811,000 after buying an additional 146,988 shares during the period. Envestnet Asset Management Inc. grew its stake in Shell by 7.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,352,694 shares of the energy company’s stock valued at $182,425,000 after buying an additional 171,873 shares during the last quarter. Palogic Value Management L.P. raised its holdings in Shell by 31.4% in the 2nd quarter. Palogic Value Management L.P. now owns 54,698 shares of the energy company’s stock worth $4,241,000 after acquiring an additional 13,080 shares during the period. Diversify Advisory Services LLC bought a new position in Shell in the 2nd quarter worth $854,000. Finally, Waverly Advisors LLC lifted its position in Shell by 307.1% during the 2nd quarter. Waverly Advisors LLC now owns 407,847 shares of the energy company’s stock worth $31,624,000 after acquiring an additional 307,671 shares during the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

SHEL stock opened at $103.52 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $296.57 billion, a price-to-earnings ratio of 11.56, a P/E/G ratio of 0.87 and a beta of 0.10. Shell has a 12 month low of $68.63 and a 12 month high of $104.70. The firm has a 50 day moving average of $94.76 and a two-hundred day moving average of $89.14.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 EPS for the quarter, topping the consensus estimate of $3.23 by $0.29. Shell had a net margin of 8.55% and a return on equity of 14.34%. The company had revenue of $94.66 billion for the quarter, compared to analyst estimates of $86.22 billion. As a group, equities analysts anticipate that Shell will post 11.62 EPS for the current fiscal year.

Shell Company Profile

Shell plc is a global energy company headquartered in London, United Kingdom. Its operations span the exploration, production, processing, transportation and marketing of oil and natural gas, with an increasing focus on liquefied natural gas (LNG), lower-carbon energy and energy-transition solutions.

The company supplies fuels, lubricants, chemicals and other energy products to businesses, transportation customers and consumers. Shell also operates a network of retail service stations and provides charging services for electric vehicles, renewable power and related energy solutions.