Shell PLC Unsponsored ADR (NYSE:SHEL) Stock Has Consensus Price Target of $107.08

Key Points

• Analysts rate Shell a “Moderate Buy”: 12 of 22 analysts recommend buying and two recommend a strong buy, while eight rate it a hold. The average 12-month price target is $107.08.
• Shell reported quarterly EPS of $3.86, beating the $3.60 consensus estimate, though revenue of $92.85 billion fell short of expectations.
• The board approved a $5 billion share buyback, authorizing repurchases of up to 1.7% of outstanding shares.

Shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Get Free Report) have earned an average rating of "Moderate Buy" from the twenty-two ratings firms that are presently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $107.08.

SHEL has been the subject of several analyst reports. Wells Fargo & Company raised their target price on shares of Shell from $105.00 to $116.00 and gave the stock an "equal weight" rating in a report on Friday, October 30th. UBS Group reiterated a "neutral" rating on shares of Shell in a report on Friday, October 30th. Royal Bank Of Canada reissued a "neutral" rating on shares of Shell in a research report on Thursday, October 29th. Piper Sandler raised their price objective on shares of Shell from $89.00 to $100.00 and gave the stock a "neutral" rating in a research note on Thursday, September 3rd. Finally, Weiss Ratings upgraded Shell from a "buy (a-)" rating to a "buy (a)" rating in a research report on Friday, October 30th.

Shell Stock Down 2.3%

Shares of SHEL opened at $101.76 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average of $98.74 and a 200 day moving average of $88.62. The company has a market cap of $291.51 billion, a PE ratio of 8.83, a P/E/G ratio of 0.87 and a beta of 0.07. Shell has a 52-week low of $68.63 and a 52-week high of $109.37.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The energy company reported $3.86 earnings per share for the quarter, beating analysts' consensus estimates of $3.60 by $0.26. Shell had a net margin of 9.96% and a return on equity of 16.86%. The business had revenue of $92.85 billion for the quarter, compared to analysts' expectations of $93.25 billion. On average, sell-side analysts expect that Shell will post 12.32 EPS for the current year.

Shell declared that its board has approved a share repurchase plan on Thursday, October 29th that allows the company to buy back $5 billion in outstanding shares. This buyback authorization allows the energy company to reacquire up to 1.7% of its shares through open market purchases. Share buyback plans are generally an indication that the company's management believes its shares are undervalued.

Institutional Investors Weigh In On Shell

A number of institutional investors and hedge funds have recently modified their holdings of SHEL. Keybank National Association OH boosted its holdings in Shell by 3.2% in the third quarter. Keybank National Association OH now owns 103,534 shares of the energy company's stock worth $9,841,000 after acquiring an additional 3,253 shares in the last quarter. Cornerstone Wealth Management LLC purchased a new stake in shares of Shell during the third quarter worth about $219,000. Csenge Advisory Group increased its holdings in shares of Shell by 17.2% during the third quarter. Csenge Advisory Group now owns 6,451 shares of the energy company's stock valued at $613,000 after acquiring an additional 948 shares in the last quarter. Gen Wealth Partners Inc increased its holdings in shares of Shell by 633.3% during the third quarter. Gen Wealth Partners Inc now owns 792 shares of the energy company's stock valued at $75,000 after acquiring an additional 684 shares in the last quarter. Finally, DMKC Advisory Services LLC raised its position in shares of Shell by 3.4% in the 3rd quarter. DMKC Advisory Services LLC now owns 45,672 shares of the energy company's stock valued at $4,341,000 after purchasing an additional 1,482 shares during the last quarter. 28.60% of the stock is owned by institutional investors.

About Shell

Shell plc is a global energy company headquartered in London, England. Its operations span the energy value chain, including the exploration, production, processing, trading and marketing of oil and natural gas. The company is also a major participant in liquefied natural gas (LNG), refining, chemicals and energy-related products.

Shell sells fuels, lubricants and other petroleum products through branded retail and commercial businesses, while also providing services to industrial, marine and aviation customers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.