Shell (NYSE:SHEL) Reaches New 12-Month High – Still a Buy?

Shares of Shell PLC Unsponsored ADR (NYSE:SHEL) reached a new 52-week high during mid-day trading on Monday. The stock traded as high as $108.43 and last traded at $106.8260, with a volume of 4,656,930 shares trading hands. The stock had previously closed at $108.18.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SHEL shares. Wells Fargo & Company lifted their price objective 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. Erste Group Bank raised shares of Shell from a “hold” rating to a “buy” rating in a research report on Thursday, August 27th. UBS Group set a $90.00 price target on shares of Shell in a report on Friday, September 25th. Finally, Mizuho set a $103.00 price target on Shell in a research report on Monday, October 12th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $106.63.

Shell Trading Down 0.4%

The stock has a market cap of $308.75 billion, a PE ratio of 11.85, a PEG ratio of 0.89 and a beta of 0.10. 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 stock’s fifty day moving average price is $96.69 and its 200 day moving average price is $89.70.

Shell (NYSE:SHEL) last released its quarterly earnings data on Friday, July 31st. The energy company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.23 by $0.29. The company had revenue of $94.66 billion for the quarter, compared to analysts’ expectations of $86.22 billion. Shell had a return on equity of 14.34% and a net margin of 8.55%. On average, sell-side analysts forecast that Shell PLC Unsponsored ADR will post 11.86 EPS for the current year.

Institutional Investors Weigh In On Shell

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Engineers Gate Manager LP boosted its holdings in shares of Shell by 300.7% in the second quarter. Engineers Gate Manager LP now owns 840,770 shares of the energy company’s stock valued at $65,193,000 after acquiring an additional 630,948 shares in the last quarter. Waverly Advisors LLC increased its holdings in shares of Shell by 307.1% in the 2nd quarter. Waverly Advisors LLC now owns 407,847 shares of the energy company’s stock valued at $31,624,000 after purchasing an additional 307,671 shares in the last quarter. Cibc World Market Inc. grew its position in Shell by 66.3% during the second quarter. Cibc World Market Inc. now owns 586,039 shares of the energy company’s stock worth $45,441,000 after buying an additional 233,634 shares during the period. Van ECK Associates Corp lifted its position in shares of Shell by 44.3% during the 2nd quarter. Van ECK Associates Corp now owns 643,152 shares of the energy company’s stock valued at $49,870,000 after acquiring an additional 197,551 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Shell by 7.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,352,694 shares of the energy company’s stock worth $182,425,000 after acquiring an additional 171,873 shares during the period. 28.60% of the stock is owned by institutional investors.

About Shell

Shell plc is a global energy company headquartered in London, England. Its operations span the energy value chain, including the exploration, production, processing, trading and marketing of oil and natural gas. The company is also a major participant in liquefied natural gas (LNG), refining, chemicals and energy-related products.

Shell sells fuels, lubricants and other petroleum products through branded retail and commercial businesses, while also providing services to industrial, marine and aviation customers.