Shell (NYSE:SHEL) Sets New 12-Month High – Here’s Why

Shell PLC Unsponsored ADR (NYSE:SHEL)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $78.17 and last traded at $77.2160, with a volume of 2899217 shares traded. The stock had previously closed at $75.79.

Analyst Ratings Changes

SHEL has been the subject of several recent research reports. Royal Bank Of Canada lowered Shell from an “outperform” rating to a “sector perform” rating in a report on Monday. Piper Sandler lifted their target price on shares of Shell from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Wall Street Zen cut shares of Shell from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Wells Fargo & Company started coverage on shares of Shell in a report on Friday, October 17th. They set an “equal weight” rating and a $76.00 target price on the stock. Finally, Citigroup reaffirmed a “neutral” rating on shares of Shell in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $81.61.

Shell Stock Performance

The firm has a market capitalization of $221.39 billion, a PE ratio of 15.78, a PEG ratio of 5.58 and a beta of 0.16. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $73.14 and a 200 day moving average of $73.00.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, October 30th. The energy company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.14. Shell had a net margin of 5.34% and a return on equity of 10.49%. The business had revenue of $68.15 billion during the quarter, compared to analysts’ expectations of $70.50 billion. Equities research analysts predict that Shell PLC Unsponsored ADR will post 7.67 EPS for the current year.

Hedge Funds Weigh In On Shell

Large investors have recently modified their holdings of the company. Westside Investment Management Inc. purchased a new position in shares of Shell during the second quarter worth approximately $25,000. Steigerwald Gordon & Koch Inc. purchased a new position in Shell in the 3rd quarter worth $31,000. Grey Fox Wealth Advisors LLC bought a new stake in Shell in the third quarter worth $34,000. Salomon & Ludwin LLC grew its stake in shares of Shell by 50.5% during the second 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. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Shell in the second quarter worth about $67,000. 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.