Jefferies Group LLC Reiterates Buy Rating for Royal Dutch Shell PLC (RDS.A)
Royal Dutch Shell PLC (NYSE:RDS.A)‘s stock had its “buy” rating reissued by equities research analysts at Jefferies Group LLC in a research note issued to investors on Friday. They presently have a $63.20 price target on the energy company’s stock.
Several other equities analysts also recently commented on RDS.A. Piper Jaffray Companies set a $62.00 price objective on Royal Dutch Shell PLC and gave the company a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded Royal Dutch Shell PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Scotiabank set a $54.00 price objective on Royal Dutch Shell PLC and gave the company a “hold” rating in a research report on Tuesday, August 8th. Finally, Macquarie downgraded Royal Dutch Shell PLC from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $57.03.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in RDS.A. Park National grew its stake in shares of Royal Dutch Shell PLC by 1.5% during the fourth quarter. Park National now owns 102,043 shares of the energy company’s stock valued at $4,672,000 after buying an additional 1,514 shares during the last quarter. Janus Capital Management boosted its holdings in shares of Royal Dutch Shell PLC by 31.7% in the third quarter. Janus Capital Management now owns 29,143 shares of the energy company’s stock valued at $1,381,000 after purchasing an additional 7,017 shares during the period. Nikko Asset Management Americas boosted its holdings in shares of Royal Dutch Shell PLC by 5.0% in the fourth quarter. Nikko Asset Management Americas now owns 716,450 shares of the energy company’s stock valued at $32,950,000 after purchasing an additional 34,145 shares during the period. Evelyn V. Moreno boosted its holdings in shares of Royal Dutch Shell PLC by 36.8% in the fourth quarter. Evelyn V. Moreno now owns 69,080 shares of the energy company’s stock valued at $3,163,000 after purchasing an additional 18,565 shares during the period. Finally, ICON Advisers purchased a new stake in shares of Royal Dutch Shell PLC in the third quarter valued at approximately $7,189,000. 6.30% of the stock is currently owned by hedge funds and other institutional investors.
Royal Dutch Shell PLC Company Profile
The Royal Dutch Shell plc explores for crude oil and natural gas around the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company’s segments include Integrated Gas, Upstream, Downstream and Corporate. The Integrated Gas segment is engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products, as well as projects with an integrated activity, ranging from producing to commercializing gas.
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