Shell PLC Unsponsored ADR (NYSE:SHEL) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Analyst sentiment is neutral: Shell has a consensus “Hold” rating from 18 brokerages, with 11 holds and 7 buys. The average 12-month price target is $107.46, above the reported opening price of $98.91.
• Quarterly results exceeded expectations: Shell reported quarterly EPS of $3.52, topping the $3.23 consensus estimate, while revenue reached $94.66 billion versus expectations of $86.22 billion.
• Institutional ownership remains significant: Hedge funds and other institutional investors own 28.6% of Shell, with several firms recently initiating or increasing positions.

Shell PLC Unsponsored ADR (NYSE:SHEL - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eighteen brokerages that are covering the company, MarketBeat reports. Eleven equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $107.4625.

A number of research analysts recently commented on SHEL shares. TD Cowen restated a "buy" rating on shares of Shell in a research note on Thursday, July 2nd. Morgan Stanley set a $101.30 target price on shares of Shell and gave the company an "overweight" rating in a research report on Thursday, September 3rd. Zacks Research cut Shell from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 25th. Wall Street Zen upgraded shares of Shell from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Finally, Weiss Ratings raised Shell from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, July 28th.

Shell Price Performance

Shares of NYSE SHEL opened at $98.91 on Wednesday. The company has a market capitalization of $277.29 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 0.82 and a beta of 0.05. Shell has a twelve month low of $68.63 and a twelve month high of $99.16. The business has a 50 day simple moving average of $90.15 and a 200-day simple moving average of $87.67. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.23 by $0.29. Shell had a net margin of 8.55% and a return on equity of 14.34%. The company had revenue of $94.66 billion for the quarter, compared to the consensus estimate of $86.22 billion. As a group, equities research analysts expect that Shell will post 10.84 earnings per share for the current year.

Institutional Investors Weigh In On Shell

Hedge funds have recently bought and sold shares of the business. Continuum Advisory LLC acquired a new position in shares of Shell in the 2nd quarter valued at about $34,000. Nalls Sherbakoff Group LLC bought a new position in shares of Shell during the 4th quarter valued at $36,000. Kilter Group LLC increased its holdings in shares of Shell by 83.1% during the 2nd quarter. Kilter Group LLC now owns 498 shares of the energy company's stock valued at $39,000 after acquiring an additional 226 shares during the last quarter. Allied Private Wealth LLC acquired a new stake in Shell in the 2nd quarter worth approximately $43,000. Finally, Elyxium Wealth LLC bought a new stake in Shell during the fourth quarter worth approximately $55,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

About Shell

Shell plc is a global energy company headquartered in London, United Kingdom. Its operations span the exploration, production, processing, trading and marketing of energy resources, including crude oil, natural gas and liquefied natural gas (LNG).

The company also operates refineries, petrochemical and chemical businesses, fuel stations and other energy-marketing activities. Through its Energy Solutions operations, Shell provides renewable power, electric-vehicle charging, energy-efficiency services and lower-carbon fuels, while continuing to develop technologies and projects intended to reduce emissions from energy production and use.

Shell traces its history to the Royal Dutch Petroleum Company and the Shell Transport and Trading Company, which combined their operations in 1907.

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