Shell (NYSE:SHEL) Stock Rating Lowered by Wall Street Zen

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

Other analysts have also recently issued research reports about the company. Erste Group Bank reaffirmed a “hold” rating on shares of Shell in a research report on Tuesday, May 5th. Zacks Research cut Shell from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. TD Cowen decreased their price objective on shares of Shell from $112.00 to $110.00 and set a “buy” rating for the company in a report on Friday, April 10th. Scotiabank boosted their target price on shares of Shell from $91.00 to $122.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Finally, Rothschild & Co Redburn downgraded Shell from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Six investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $100.46.

Shell Stock Down 1.1%

SHEL opened at $76.46 on Friday. The business has a 50-day moving average of $85.23 and a 200-day moving average of $82.08. Shell has a fifty-two week low of $68.63 and a fifty-two week high of $94.90. The company has a market capitalization of $214.37 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 0.47 and a beta of 0.05. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.97.

Shell (NYSE:SHEL) last posted 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. The firm had revenue of $69.69 billion during the quarter, compared to analysts’ expectations of $77.54 billion. Shell had a net margin of 6.85% and a return on equity of 11.18%. Equities research analysts forecast that Shell will post 10.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC grew its holdings in shares of Shell by 187.5% in the 4th quarter. SG Americas Securities LLC now owns 316,216 shares of the energy company’s stock worth $23,236,000 after purchasing an additional 677,746 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Shell by 13.2% in the 3rd quarter. Natixis Advisors LLC now owns 1,445,346 shares of the energy company’s stock worth $103,386,000 after acquiring an additional 167,983 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in Shell by 452.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 74,296 shares of the energy company’s stock valued at $6,910,000 after purchasing an additional 60,850 shares in the last quarter. Captrust Financial Advisors boosted its stake 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 in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Shell by 119.7% in the fourth quarter. Farther Finance Advisors LLC now owns 42,664 shares of the energy company’s stock valued at $3,135,000 after buying an additional 23,243 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

About Shell

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.