Shell (NYSE:SHEL) Cut to Hold at Wall Street Zen

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

A number of other equities research analysts have also weighed in on SHEL. Weiss Ratings reissued a “buy (b-)” rating on shares of Shell in a report on Monday. Jefferies Financial Group upgraded Shell to a “strong-buy” rating in a research note on Tuesday, October 7th. Wolfe Research cut Shell from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, October 8th. Bank of America lowered Shell from a “buy” rating to a “neutral” rating in a research report on Friday, December 5th. Finally, BNP Paribas raised shares of Shell to a “strong-buy” rating in a research report on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.91.

Shell Stock Performance

SHEL opened at $72.02 on Friday. The company has a market cap of $207.06 billion, a P/E ratio of 14.76, a price-to-earnings-growth ratio of 3.34 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 firm’s 50-day moving average price is $73.80 and its 200-day moving average price is $72.47. Shell has a 52-week low of $58.54 and a 52-week high of $77.47.

Shell (NYSE:SHEL) last released its earnings results on Thursday, October 30th. The energy company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.14. The company had revenue of $68.15 billion for the quarter, compared to the consensus estimate of $70.50 billion. Shell had a net margin of 5.34% and a return on equity of 10.49%. As a group, equities analysts anticipate that Shell will post 7.67 EPS for the current fiscal year.

Hedge Funds Weigh In On Shell

Large investors have recently bought and sold shares of the business. Westside Investment Management Inc. purchased a new position in Shell during the second quarter worth approximately $25,000. Truvestments Capital LLC raised its stake in shares of Shell by 102.9% during the 1st quarter. Truvestments Capital LLC now owns 420 shares of the energy company’s stock worth $31,000 after buying an additional 213 shares during the period. Steigerwald Gordon & Koch Inc. acquired a new stake in Shell in the 3rd quarter valued at $31,000. Grey Fox Wealth Advisors LLC purchased a new stake in Shell in the 3rd quarter worth $34,000. Finally, Salomon & Ludwin LLC raised its position in Shell by 50.5% during the second quarter. Salomon & Ludwin LLC now owns 480 shares of the energy company’s stock worth $35,000 after acquiring an additional 161 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

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.