Shell (NYSE:SHEL) Lowered to “Hold” Rating by Zacks Research

Zacks Research cut shares of Shell (NYSE:SHEL) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.

SHEL has been the subject of a number of other research reports. Weiss Ratings raised Shell from a “hold (c+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Scotiabank boosted their price target on Shell from $91.00 to $122.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Wells Fargo & Company boosted their price target on Shell from $77.00 to $94.00 and gave the stock an “equal weight” rating in a report on Thursday, April 9th. TD Cowen lowered their price target on Shell from $112.00 to $110.00 and set a “buy” rating for the company in a report on Friday, April 10th. Finally, Morgan Stanley cut Shell from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 24th. Six research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Shell presently has an average rating of “Hold” and an average price target of $100.46.

Shell Price Performance

Shares of NYSE SHEL opened at $85.12 on Monday. The stock has a market capitalization of $238.64 billion, a PE ratio of 13.26, a P/E/G ratio of 0.45 and a beta of 0.08. 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 business has a fifty day moving average price of $89.42 and a two-hundred day moving average price of $80.78. Shell has a fifty-two week low of $65.94 and a fifty-two week high of $94.90.

Shell (NYSE:SHEL) last announced its quarterly earnings data 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. Shell had a return on equity of 11.18% and a net margin of 6.85%.The firm had revenue of $69.69 billion during the quarter, compared to analysts’ expectations of $77.54 billion. As a group, equities analysts predict that Shell will post 10.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Shell

Institutional investors and hedge funds have recently bought and sold shares of the company. 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 purchasing an additional 2,545 shares in the last quarter. Natixis Advisors LLC increased its holdings in Shell by 13.2% in the 3rd quarter. Natixis Advisors LLC now owns 1,445,346 shares of the energy company’s stock worth $103,386,000 after purchasing an additional 167,983 shares in the last quarter. Allied Investment Advisors LLC increased its stake in shares of Shell by 3.5% in the third quarter. Allied Investment Advisors LLC now owns 191,732 shares of the energy company’s stock valued at $13,715,000 after buying an additional 6,546 shares during the period. Beese Fulmer Investment Management Inc. increased its stake 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 valued at $3,093,000 after buying an additional 22,187 shares during the period. Finally, Integrated Investment Consultants LLC increased its stake in shares of Shell by 489.8% in the fourth quarter. Integrated Investment Consultants LLC now owns 19,569 shares of the energy company’s stock valued at $1,438,000 after buying an additional 16,251 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

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.