Shell (NYSE:SHEL) Shares Cross Above 200 Day Moving Average – What’s Next?

Shell PLC Unsponsored ADR (NYSE:SHEL)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $81.17 and traded as high as $88.03. Shell shares last traded at $86.8840, with a volume of 6,742,778 shares trading hands.

Key Headlines Impacting Shell

Here are the key news stories impacting Shell this week:

• Positive Sentiment: Shell-led LNG Canada received a preliminary nod for its Phase Two expansion, a step that could eventually double capacity and support longer-term cash flow growth if the project reaches a final investment decision. Article: Shell-Led LNG Canada Gets Preliminary Nod for Phase Two Expansion
• Positive Sentiment: Shell completed another share buyback, purchasing shares for cancellation, which typically supports earnings per share and signals management confidence in the company’s valuation. Article: Transaction in Own Shares
• Positive Sentiment: MiQ certified Shell’s full Gulf of America production portfolio at its top methane-emissions grade, reinforcing Shell’s environmental performance profile and potentially easing ESG-related concerns. Article: MiQ certifies Shell’s full Gulf of America production portfolio at Grade A for methane emissions performance
• Neutral Sentiment: Shell named Thomas de Boer as the new CEO of its Dutch operations, an internal management appointment that is unlikely to move the shares on its own. Article: Shell names internal candidate Thomas de Boer as new CEO of Dutch operations
• Negative Sentiment: New reporting says Shell kept a Nigerian oil pipeline running for years despite evidence of pollution, which could revive legal, regulatory, and reputational risks tied to its legacy operations. Article: Documents Show Shell Kept Nigerian Oil Pipeline Running For Years Despite Evidence Of Pollution –Report
• Negative Sentiment: A Reuters report on a climate lawsuit suggests ongoing legal scrutiny around Shell’s emissions and courtroom strategy, adding headline risk for the stock. Article: Group fights Shell Oil bid for AI prompts used in climate lawsuit

Analysts Set New Price Targets

SHEL has been the topic of several recent analyst reports. HSBC raised Shell from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Zacks Research lowered shares of Shell from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Piper Sandler upped their price objective on shares of Shell from $89.00 to $106.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. Erste Group Bank reiterated a “hold” rating on shares of Shell in a research note on Tuesday, May 5th. Finally, BNP Paribas Exane set a $101.00 price objective on shares of Shell and gave the company a “neutral” rating in a research note on Friday, April 17th. Six research 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, the stock has an average rating of “Hold” and a consensus target price of $100.46.

Shell Stock Performance

The company has a market capitalization of $243.58 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 0.46 and a beta of 0.05. The firm has a 50-day simple moving average of $88.68 and a two-hundred day simple moving average of $81.17. 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 quarterly earnings results on Friday, May 8th. The energy company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.30. The business had revenue of $69.69 billion for the quarter, compared to the consensus estimate of $77.54 billion. Shell had a net margin of 6.85% and a return on equity of 11.18%. As a group, sell-side analysts forecast that Shell PLC Unsponsored ADR will post 10.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Natixis Advisors LLC increased its holdings in shares of Shell by 13.2% during the 3rd quarter. Natixis Advisors LLC now owns 1,445,346 shares of the energy company’s stock valued at $103,386,000 after acquiring an additional 167,983 shares during the last quarter. SG Americas Securities LLC grew its stake in Shell by 187.5% in the 4th quarter. SG Americas Securities LLC now owns 316,216 shares of the energy company’s stock valued at $23,236,000 after buying an additional 677,746 shares during the last quarter. Allied Investment Advisors LLC grew its stake in Shell by 2.5% in the 4th quarter. Allied Investment Advisors LLC now owns 196,452 shares of the energy company’s stock valued at $14,435,000 after buying an additional 4,720 shares during the last quarter. Captrust Financial Advisors grew its stake in Shell by 30.4% in the 4th quarter. Captrust Financial Advisors now owns 180,630 shares of the energy company’s stock valued at $13,273,000 after buying an additional 42,129 shares during the last quarter. Finally, Adell Harriman & Carpenter Inc. grew 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 buying an additional 7,083 shares during the last quarter. 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.