Shell PLC Unsponsored ADR (NYSE:SHEL) Given Consensus Recommendation of “Hold” by Analysts

Shell PLC Unsponsored ADR (NYSE:SHEL) has earned an average rating of “Hold” from the nineteen ratings firms that are covering the stock, MarketBeat reports. Fourteen investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $98.1889.

SHEL has been the topic of a number of research reports. HSBC raised Shell from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Rothschild & Co Redburn cut shares of Shell from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. 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 research note on Thursday, July 2nd. Finally, Weiss Ratings cut shares of Shell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 1st.

Institutional Investors Weigh In On Shell

A number of hedge funds and other institutional investors have recently modified their holdings of SHEL. Brighton Jones LLC boosted its holdings in Shell by 51.7% during the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock valued at $468,000 after acquiring an additional 2,545 shares during the period. AQR Capital Management LLC boosted its stake in shares of Shell by 70.1% during the first quarter. AQR Capital Management LLC now owns 32,564 shares of the energy company’s stock valued at $2,386,000 after purchasing an additional 13,419 shares during the period. IHT Wealth Management LLC grew its holdings in shares of Shell by 31.6% in the second quarter. IHT Wealth Management LLC now owns 11,900 shares of the energy company’s stock worth $838,000 after purchasing an additional 2,857 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Shell by 5.5% in the second quarter. Captrust Financial Advisors now owns 137,086 shares of the energy company’s stock valued at $9,652,000 after acquiring an additional 7,179 shares during the period. Finally, Horizon Investments LLC increased its holdings in Shell by 6.4% during the 3rd quarter. Horizon Investments LLC now owns 3,521 shares of the energy company’s stock valued at $252,000 after purchasing an additional 211 shares during the period. Institutional investors own 28.60% of the company’s stock.

Shell Price Performance

Shares of NYSE:SHEL opened at $86.45 on Tuesday. Shell has a one year low of $68.63 and a one year high of $94.90. The company’s fifty day moving average price is $83.35 and its 200-day moving average price is $83.64. The firm has a market capitalization of $242.37 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 0.59 and a beta of 0.06. 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 released its quarterly earnings results on Friday, May 8th. The energy company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.30. Shell had a return on equity of 11.18% and a net margin of 6.85%.The business had revenue of $69.69 billion for the quarter, compared to the consensus estimate of $77.54 billion. On average, equities research analysts anticipate that Shell will post 9.81 earnings per share for the current fiscal year.

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.