Shell PLC Unsponsored ADR (NYSE:SHEL) Given Consensus Rating of “Hold” by Brokerages

Shell PLC Unsponsored ADR (NYSE:SHELGet Free Report) has been given an average recommendation of “Hold” by the nineteen research firms that are currently covering the company, Marketbeat reports. Thirteen research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $100.4625.

A number of research firms have weighed in on SHEL. BNP Paribas Exane set a $101.00 price objective on shares of Shell and gave the stock a “neutral” rating in a research report on Friday, April 17th. HSBC raised shares of Shell from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. TD Cowen restated a “buy” rating on shares of Shell in a research report on Thursday. Wall Street Zen cut Shell from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Finally, Scotiabank boosted their price objective on Shell from $91.00 to $122.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd.

Check Out Our Latest Research Report on SHEL

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Rathbones Group PLC grew its holdings in shares of Shell by 8.5% during the first quarter. Rathbones Group PLC now owns 34,605 shares of the energy company’s stock worth $3,218,000 after buying an additional 2,697 shares in the last quarter. Strategic Investment Advisors MI purchased a new position in shares of Shell in the first quarter worth about $108,000. EverSource Wealth Advisors LLC grew its stake in Shell by 18.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 8,530 shares of the energy company’s stock valued at $793,000 after acquiring an additional 1,323 shares in the last quarter. Madison Asset Management LLC raised its holdings in Shell by 7.9% in the 1st quarter. Madison Asset Management LLC now owns 16,114 shares of the energy company’s stock valued at $1,499,000 after acquiring an additional 1,185 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its stake in Shell by 14.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,215 shares of the energy company’s stock worth $109,000 after purchasing an additional 150 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell News Summary

Here are the key news stories impacting Shell this week:

Shell Stock Up 1.9%

Shell stock opened at $78.00 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.97. The stock has a market capitalization of $218.67 billion, a PE ratio of 12.15, a price-to-earnings-growth ratio of 0.47 and a beta of 0.06. The business has a 50 day simple moving average of $84.29 and a 200-day simple moving average of $82.27. Shell has a 12 month low of $68.63 and a 12 month high of $94.90.

Shell (NYSE:SHELGet Free Report) last announced 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 analyst estimates of $77.54 billion. On average, analysts anticipate that Shell will post 9.9 EPS for the current fiscal year.

Shell Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Shell (NYSE:SHEL)

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