Shell PLC Unsponsored ADR (NYSE:SHEL) Receives $84.05 Average Target Price from Brokerages

Shares of Shell PLC Unsponsored ADR (NYSE:SHEL) have received a consensus recommendation of “Hold” from the eighteen research firms that are currently covering the firm, Marketbeat.com reports. Twelve equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $84.05.

SHEL has been the subject of a number of analyst reports. Piper Sandler upped their price target on Shell from $89.00 to $106.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Jefferies Financial Group reissued a “buy” rating on shares of Shell in a report on Thursday, January 8th. Royal Bank Of Canada lowered shares of Shell from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 26th. Wall Street Zen downgraded shares of Shell from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Finally, Bank of America downgraded shares of Shell from a “buy” rating to a “neutral” rating in a report on Friday, December 5th.

Shell Price Performance

NYSE SHEL opened at $92.12 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $260.87 billion, a P/E ratio of 15.35, a PEG ratio of 1.80 and a beta of 0.14. The company has a 50-day moving average price of $81.86 and a 200-day moving average price of $76.25. Shell has a 52 week low of $58.54 and a 52 week high of $92.95.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, February 5th. The energy company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.07). The business had revenue of $64.09 billion for the quarter, compared to the consensus estimate of $65.82 billion. Shell had a net margin of 6.52% and a return on equity of 10.34%. Equities research analysts anticipate that Shell will post 7.67 earnings per share for the current year.

Institutional Trading of Shell

Several institutional investors have recently made changes to their positions in SHEL. Old North State Trust LLC boosted its stake in Shell by 25.5% in the 4th quarter. Old North State Trust LLC now owns 7,857 shares of the energy company’s stock worth $577,000 after purchasing an additional 1,594 shares during the period. Nalls Sherbakoff Group LLC purchased a new position in shares of Shell in the fourth quarter worth $36,000. Union Savings Bank bought a new position in shares of Shell during the fourth quarter worth $92,000. IHT Wealth Management LLC grew its stake in Shell by 9.7% during the fourth quarter. IHT Wealth Management LLC now owns 13,630 shares of the energy company’s stock valued at $1,002,000 after acquiring an additional 1,201 shares in the last quarter. Finally, Advisory Services Network LLC increased its holdings in Shell by 6.2% in the 4th quarter. Advisory Services Network LLC now owns 39,670 shares of the energy company’s stock valued at $2,915,000 after acquiring an additional 2,299 shares during the last quarter. Hedge funds and other institutional investors 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.