Shell (NYSE:SHEL) Raised to “Buy” at Wall Street Zen

Shell (NYSE:SHEL) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Other equities research analysts also recently issued research reports about the company. BNP Paribas Exane set a $101.00 price objective on Shell and gave the company a “neutral” rating in a research report on Friday, April 17th. Mizuho started coverage on shares of Shell in a research note on Monday, July 20th. They set a “neutral” rating and a $98.00 price objective for the company. Piper Sandler started coverage on shares of Shell in a research report on Thursday. They issued a “neutral” rating and a $88.00 target price on the stock. Weiss Ratings lowered shares of Shell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Shell in a research note on Tuesday, May 5th. Five analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, Shell currently has a consensus rating of “Hold” and a consensus target price of $98.19.

Shell Stock Performance

Shares of SHEL opened at $88.41 on Friday. Shell has a 1 year low of $68.63 and a 1 year high of $94.90. The company’s 50 day simple moving average is $83.39 and its 200 day simple moving average is $83.55. The company has a market capitalization of $247.86 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 0.59 and a beta of 0.06. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.97 and a current ratio of 1.27.

Shell (NYSE:SHEL) last released its earnings results on Friday, May 8th. The energy company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.14 by $0.30. Shell had a net margin of 6.85% and a return on equity of 11.18%. The firm had revenue of $69.69 billion during the quarter, compared to analysts’ expectations of $77.54 billion. On average, sell-side analysts predict that Shell will post 9.81 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Brighton Jones LLC grew its stake in Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock worth $468,000 after buying an additional 2,545 shares during the period. Beese Fulmer Investment Management Inc. raised its stake in shares of Shell by 111.5% in the 4th quarter. Beese Fulmer Investment Management Inc. now owns 42,090 shares of the energy company’s stock valued at $3,093,000 after acquiring an additional 22,187 shares during the period. Integrated Investment Consultants LLC lifted its holdings in shares of Shell by 489.8% during the 4th quarter. Integrated Investment Consultants LLC now owns 19,569 shares of the energy company’s stock valued at $1,438,000 after acquiring an additional 16,251 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Shell by 119.7% during the 4th quarter. Farther Finance Advisors LLC now owns 42,664 shares of the energy company’s stock worth $3,135,000 after purchasing an additional 23,243 shares during the period. Finally, Adell Harriman & Carpenter Inc. increased its holdings in Shell by 4.7% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 156,733 shares of the energy company’s stock valued at $11,517,000 after purchasing an additional 7,083 shares in the last quarter. Hedge funds and other 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.