Shell (NYSE:SHEL) Coverage Initiated at Mizuho

Stock analysts at Mizuho assumed coverage on shares of Shell (NYSE:SHEL) in a report released on Monday, Marketbeat.com reports. The firm set a “neutral” rating and a $98.00 price target on the energy company’s stock. Mizuho’s price objective points to a potential upside of 12.39% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of Shell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. Erste Group Bank reissued a “hold” rating on shares of Shell in a research note on Tuesday, May 5th. Zacks Research lowered shares of Shell from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. TD Cowen reaffirmed a “buy” rating on shares of Shell in a report on Thursday, July 2nd. Finally, HSBC raised Shell from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Six analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $100.19.

Shell Price Performance

Shell stock opened at $87.20 on Monday. The business’s fifty day moving average is $83.20 and its two-hundred day moving average is $83.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.97 and a current ratio of 1.27. The firm has a market cap of $244.47 billion, a P/E ratio of 13.58, a P/E/G ratio of 0.61 and a beta of 0.06. Shell has a 52 week low of $68.63 and a 52 week high of $94.90.

Shell (NYSE:SHEL) last released its quarterly 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. The business had revenue of $69.69 billion during the quarter, compared to analysts’ expectations of $77.54 billion. Shell had a return on equity of 11.18% and a net margin of 6.85%. Equities research analysts forecast that Shell will post 9.35 earnings per share for the current fiscal year.

Institutional Trading of Shell

A number of hedge funds have recently modified their holdings of SHEL. SG Americas Securities LLC boosted its stake in Shell by 187.5% during the 4th quarter. SG Americas Securities LLC now owns 316,216 shares of the energy company’s stock worth $23,236,000 after acquiring an additional 677,746 shares during the last quarter. Allied Investment Advisors LLC increased its stake in Shell by 2.5% in the fourth quarter. Allied Investment Advisors LLC now owns 196,452 shares of the energy company’s stock valued at $14,435,000 after purchasing an additional 4,720 shares in the last quarter. Captrust Financial Advisors raised its holdings in Shell by 30.4% in the fourth quarter. Captrust Financial Advisors now owns 180,630 shares of the energy company’s stock worth $13,273,000 after purchasing an additional 42,129 shares during the period. Adell Harriman & Carpenter Inc. boosted its position in shares of Shell by 4.7% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 156,733 shares of the energy company’s stock worth $11,517,000 after purchasing an additional 7,083 shares in the last quarter. Finally, Woodstock Corp increased its position in shares of Shell by 0.3% in the 4th quarter. Woodstock Corp now owns 145,683 shares of the energy company’s stock valued at $10,705,000 after buying an additional 381 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

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.