Shell (NYSE:SHEL) Price Target Raised to $122.00 at Scotiabank

Shell (NYSE:SHEL) had its target price raised by Scotiabank from $91.00 to $122.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a sector outperform rating on the energy company’s stock.

A number of other research analysts also recently issued reports on the stock. TD Cowen cut their target price on shares of Shell from $112.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Wall Street Zen downgraded shares of Shell from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Weiss Ratings upgraded shares of Shell from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 30th. Piper Sandler upped their target price on shares of Shell from $89.00 to $106.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Shell in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $97.33.

Shell Stock Up 0.9%

Shares of NYSE:SHEL opened at $89.49 on Wednesday. Shell has a 12 month low of $64.02 and a 12 month high of $94.90. The company’s 50-day moving average price is $87.51 and its two-hundred day moving average price is $78.73. 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 cap of $253.43 billion, a P/E ratio of 14.92, a P/E/G ratio of 0.54 and a beta of 0.10.

Shell (NYSE:SHEL) last released its earnings results on Friday, February 6th. The energy company reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.07). Shell had a net margin of 6.52% and a return on equity of 10.34%. The business had revenue of $64.09 billion for the quarter, compared to analyst estimates of $65.82 billion. As a group, research analysts forecast that Shell will post 8.75 EPS for the current fiscal year.

Institutional Trading of Shell

A number of large investors have recently bought and sold shares of the business. Venturi Wealth Management LLC increased its stake in Shell by 11.0% during the 1st quarter. Venturi Wealth Management LLC now owns 4,905 shares of the energy company’s stock worth $456,000 after purchasing an additional 485 shares in the last quarter. SVB Wealth LLC increased its stake in Shell by 5.6% during the 1st quarter. SVB Wealth LLC now owns 4,643 shares of the energy company’s stock worth $432,000 after purchasing an additional 246 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in Shell by 452.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 74,296 shares of the energy company’s stock worth $6,910,000 after purchasing an additional 60,850 shares in the last quarter. Old North State Trust LLC increased its stake in Shell by 25.5% during 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 in the last quarter. Finally, Nalls Sherbakoff Group LLC bought a new stake in Shell during the 4th quarter worth approximately $36,000. 28.60% of the stock is owned by institutional investors.

More Shell News

Here are the key news stories impacting Shell this week:

• Positive Sentiment: Ongoing, sizeable share buy‑backs — Shell reported further purchases on 21–22 April as part of its February buy‑back programme, cancelling several hundred thousand shares across UK and European venues. Buybacks reduce share count and signal management confidence, supporting the share price. Transaction in Own Shares (22 Apr)
• Positive Sentiment: Scotiabank raised its price target dramatically to $122 and moved SHEL to “sector outperform” — a large upward revision (implying ~36% upside from current levels) can drive buying interest from institutional and momentum investors. Benzinga
• Positive Sentiment: New offshore exploration access in Sierra Leone — Sierra Leone signed a permit allowing Shell to carry out advanced seismic/geophysical surveys across multiple offshore blocks, increasing the company’s upstream optionality and future production potential. Sierra Leone permit (Reuters)
• Positive Sentiment: JPMorgan says Shell is well‑placed to handle weakening European refining margins — positive analyst commentary on resilience in refining reduces near‑term earnings concern and can buoy sentiment. Proactive Investors
• Neutral Sentiment: Inclusion in lists of top crude oil stocks — coverage noting Shell among the best crude stocks highlights its diversified earnings power but is largely reiterative rather than new fundamental news. Yahoo Finance
• Negative Sentiment: New Dutch court case over emissions — a climate activist group launched proceedings in the Netherlands seeking to force Shell to stop investing in new oil & gas projects; this raises legal and regulatory uncertainty that could weigh on sentiment and valuation multiple. Dutch court case (Reuters)

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.