Shell (NYSE:SHEL) Upgraded by Wall Street Zen to “Buy” Rating

Shell (NYSE:SHEL) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Several other equities research analysts have also weighed in on the stock. HSBC upgraded shares of Shell from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Piper Sandler initiated coverage on Shell in a research report on Thursday. They set a “neutral” rating and a $88.00 price target on the stock. TD Cowen restated a “buy” rating on shares of Shell in a research report on Thursday, July 2nd. Erste Group Bank reaffirmed a “hold” rating on shares of Shell in a research report on Tuesday, May 5th. Finally, Weiss Ratings lowered shares of Shell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $98.19.

Shell Stock Performance

Shares of SHEL opened at $88.41 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. Shell has a 12-month low of $68.63 and a 12-month high of $94.90. The business’s fifty day moving average price is $83.39 and its 200 day moving average price is $83.49. The stock has a market capitalization of $247.86 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 0.61 and a beta of 0.06.

Shell (NYSE:SHEL) last issued its earnings results on Friday, May 8th. The energy company reported $2.44 earnings per share 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 company had revenue of $69.69 billion for the quarter, compared to analysts’ expectations of $77.54 billion. Equities research analysts forecast that Shell will post 9.44 EPS for the current year.

Institutional Investors Weigh In On Shell

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Colonial Trust Advisors lifted its holdings in Shell by 9.5% in the fourth quarter. Colonial Trust Advisors now owns 1,488 shares of the energy company’s stock worth $109,000 after purchasing an additional 129 shares during the period. Financial Management Professionals Inc. raised its position in shares of Shell by 2.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 4,800 shares of the energy company’s stock worth $372,000 after buying an additional 137 shares in the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of 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 acquiring an additional 150 shares during the period. LRI Investments LLC boosted its holdings in shares of Shell by 25.1% in the fourth quarter. LRI Investments LLC now owns 846 shares of the energy company’s stock valued at $62,000 after acquiring an additional 170 shares in the last quarter. Finally, NBC Securities Inc. increased its stake in shares of Shell by 1.9% during the fourth quarter. NBC Securities Inc. now owns 9,552 shares of the energy company’s stock valued at $702,000 after acquiring an additional 176 shares during the period. 28.60% of the stock is currently 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.