Piper Sandler Initiates Coverage on Shell (NYSE:SHEL)

Stock analysts at Piper Sandler initiated coverage on shares of Shell (NYSE:SHEL) in a report issued on Thursday, MarketBeat.com reports. The brokerage set a “neutral” rating and a $88.00 price target on the energy company’s stock. Piper Sandler’s price objective suggests a potential downside of 0.46% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Wall Street Zen downgraded Shell from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Jefferies Financial Group increased their target price on Shell to $122.40 and gave the company a “buy” rating in a report on Thursday, May 21st. Wells Fargo & Company lifted their price target on Shell from $77.00 to $94.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. BNP Paribas Exane set a $101.00 target price on Shell and gave the company a “neutral” rating in a report on Friday, April 17th. Finally, Rothschild & Co Redburn lowered shares of Shell from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Five analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $98.19.

Shell Price Performance

Shares of Shell stock opened at $88.41 on Thursday. Shell has a 52 week low of $68.63 and a 52 week high of $94.90. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.38. The stock has a market cap 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. The company’s 50-day moving average price is $83.39 and its two-hundred day moving average price is $83.49.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Friday, May 8th. The energy company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.30. The company had revenue of $69.69 billion during the quarter, compared to analyst estimates of $77.54 billion. Shell had a net margin of 6.85% and a return on equity of 11.18%. As a group, sell-side analysts anticipate that Shell will post 9.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SHEL. Colonial Trust Advisors raised its position in Shell by 9.5% during the fourth quarter. Colonial Trust Advisors now owns 1,488 shares of the energy company’s stock valued at $109,000 after purchasing an additional 129 shares in the last quarter. Financial Management Professionals Inc. boosted its stake in shares of Shell by 2.9% in the 2nd quarter. Financial Management Professionals Inc. now owns 4,800 shares of the energy company’s stock valued at $372,000 after purchasing an additional 137 shares in the last quarter. Cornerstone Planning Group LLC grew its holdings in shares of Shell by 14.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 1,215 shares of the energy company’s stock valued at $109,000 after purchasing an additional 150 shares during the last quarter. LRI Investments LLC raised its position in Shell by 25.1% in the 4th quarter. LRI Investments LLC now owns 846 shares of the energy company’s stock worth $62,000 after purchasing an additional 170 shares during the period. Finally, NBC Securities Inc. increased its stake in shares of Shell by 1.9% in the fourth quarter. NBC Securities Inc. now owns 9,552 shares of the energy company’s stock worth $702,000 after buying an additional 176 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

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.