Shell (NYSE:SHEL) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shell PLC Unsponsored ADR (NYSE:SHEL)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $82.73 and traded as high as $84.27. Shell shares last traded at $83.9320, with a volume of 6,091,496 shares trading hands.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SHEL. Jefferies Financial Group raised their target price on shares of Shell to $122.40 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Morgan Stanley lowered shares of Shell from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 24th. TD Cowen restated a “buy” rating on shares of Shell in a research report on Thursday, July 2nd. HSBC upgraded Shell from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Finally, Rothschild & Co Redburn lowered 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 twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Shell presently has a consensus rating of “Hold” and an average price target of $100.46.

Shell Stock Performance

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’s 50-day moving average price is $83.22 and its 200-day moving average price is $82.73. The company has a market cap of $235.31 billion, a P/E ratio of 13.07, a PEG ratio of 0.58 and a beta of 0.06.

Shell (NYSE:SHEL) last released its quarterly earnings results on Friday, May 8th. The energy company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.30. Shell had a net margin of 6.85% and a return on equity of 11.18%. The business had revenue of $69.69 billion for the quarter, compared to analyst estimates of $77.54 billion. Equities analysts anticipate that Shell PLC Unsponsored ADR will post 9.31 EPS for the current year.

Institutional Investors Weigh In On Shell

A number of hedge funds and other institutional investors have recently made changes to their positions in SHEL. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Shell in the fourth quarter valued at approximately $26,000. Zions Bancorporation National Association UT increased its stake in Shell by 186.7% during the 4th quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company’s stock worth $35,000 after acquiring an additional 308 shares during the period. Nalls Sherbakoff Group LLC acquired a new position in Shell in the 4th quarter valued at $36,000. Ares Financial Consulting LLC acquired a new position in Shell in the 4th quarter valued at $38,000. Finally, Allied Private Wealth LLC bought a new stake in shares of Shell during the 2nd quarter valued at $43,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

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.