Shell (NYSE:SHEL) Stock Rating Lowered by Wall Street Zen

Shell (NYSE:SHEL) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Several other research analysts have also weighed in on the stock. BNP Paribas raised shares of Shell to a “strong-buy” rating in a research note on Tuesday, September 23rd. Bank of America cut shares of Shell from a “buy” rating to a “neutral” rating in a research report on Friday, December 5th. Wells Fargo & Company initiated coverage on Shell in a research report on Friday, October 17th. They issued an “equal weight” rating and a $76.00 target price on the stock. TD Cowen raised their price target on Shell from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Scotiabank reiterated an “outperform” rating on shares of Shell in a report on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.91.

Shell Stock Up 1.0%

Shares of NYSE SHEL opened at $72.02 on Friday. Shell has a 1 year low of $58.54 and a 1 year high of $77.47. The company has a market capitalization of $207.06 billion, a P/E ratio of 14.76, a P/E/G ratio of 3.38 and a beta of 0.16. The company has a 50 day simple moving average of $73.80 and a 200-day simple moving average of $72.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, October 30th. The energy company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.14. The company had revenue of $68.15 billion for the quarter, compared to the consensus estimate of $70.50 billion. Shell had a return on equity of 10.49% and a net margin of 5.34%. On average, equities research analysts predict that Shell will post 7.67 earnings per share for the current year.

Institutional Trading of Shell

A number of institutional investors have recently bought and sold shares of the business. Westside Investment Management Inc. purchased a new position in shares of Shell in the 2nd quarter valued at about $25,000. Truvestments Capital LLC raised its holdings in Shell by 102.9% during the first quarter. Truvestments Capital LLC now owns 420 shares of the energy company’s stock worth $31,000 after purchasing an additional 213 shares in the last quarter. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Shell during the 3rd quarter worth approximately $31,000. Grey Fox Wealth Advisors LLC acquired a new position in shares of Shell in the 3rd quarter valued at $34,000. Finally, Salomon & Ludwin LLC grew its position in shares of Shell by 50.5% in the 2nd quarter. Salomon & Ludwin LLC now owns 480 shares of the energy company’s stock valued at $35,000 after buying an additional 161 shares during the last quarter. 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.