Shell (NYSE:SHEL) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shell PLC Unsponsored ADR (NYSE:SHEL) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $82.73 and traded as high as $84.27. Shell shares last traded at $83.9320, with a volume of 6,091,496 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. BNP Paribas Exane set a $101.00 price target on Shell and gave the stock a “neutral” rating in a research report on Friday, April 17th. Scotiabank upped their target price on Shell from $91.00 to $122.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Jefferies Financial Group boosted their price target on Shell to $122.40 and gave the company a “buy” rating in a research note on Thursday, May 21st. Zacks Research downgraded shares of Shell from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Wells Fargo & Company upped their price target on shares of Shell from $77.00 to $94.00 and gave the stock an “equal weight” rating in a report on Thursday, April 9th. Six equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Shell has a consensus rating of “Hold” and a consensus target price of $100.46.

Shell Trading Up 0.3%

The firm has a 50-day moving average of $83.11 and a two-hundred day moving average of $82.81. The firm has a market capitalization of $237.34 billion, a P/E ratio of 13.19, a P/E/G ratio of 0.59 and a beta of 0.06. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.38.

Shell (NYSE:SHEL) last released its earnings results on Friday, May 8th. The energy company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.30. Shell had a return on equity of 11.18% and a net margin of 6.85%.The firm had revenue of $69.69 billion for the quarter, compared to analysts’ expectations of $77.54 billion. On average, analysts anticipate that Shell PLC Unsponsored ADR will post 9.31 EPS for the current year.

Institutional Trading of Shell

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Shell during the 4th quarter valued at $26,000. Zions Bancorporation National Association UT raised its position in Shell by 186.7% in the fourth quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company’s stock valued at $35,000 after purchasing an additional 308 shares during the last quarter. Nalls Sherbakoff Group LLC bought a new stake in shares of Shell during the fourth quarter worth about $36,000. Ares Financial Consulting LLC bought a new position in Shell in the 4th quarter valued at approximately $38,000. Finally, Allied Private Wealth LLC acquired a new stake in Shell during the 2nd quarter worth approximately $43,000. Institutional investors own 28.60% of the company’s stock.

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.