Shell (NYSE:SHEL) Hits New 12-Month High - Here's What Happened

Key Points

• Shell shares reached a new 52-week high, trading as high as $95.74 and last changing hands near $95.66, up from a prior close of $92.95.
• Recent analyst actions were mixed but generally positive: Jefferies raised its price target to $122.40 with a Buy rating, while the broader analyst consensus remains Hold with a $107.46 target.
• Shell reported quarterly EPS of $3.52, beating estimates of $3.23, while revenue of $94.66 billion exceeded forecasts of $86.22 billion. Institutional investors own 28.6% of the company, with several funds increasing their positions.

Shell PLC Unsponsored ADR (NYSE:SHEL - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $95.74 and last traded at $95.6550, with a volume of 1077934 shares traded. The stock had previously closed at $92.95.

Analyst Ratings Changes

A number of research firms recently commented on SHEL. Jefferies Financial Group lifted their price target on shares of Shell to $122.40 and gave the stock a "buy" rating in a report on Thursday, May 21st. Wells Fargo & Company increased their price target on Shell from $100.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Friday, July 31st. TD Cowen reiterated a "buy" rating on shares of Shell in a research report on Thursday, July 2nd. Weiss Ratings upgraded shares of Shell from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen raised Shell from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Seven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $107.46.

Shell Stock Performance

The firm has a market capitalization of $267.84 billion, a PE ratio of 10.54, a PEG ratio of 0.85 and a beta of 0.05. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $87.97 and a 200 day moving average of $86.99.

Shell (NYSE:SHEL - Get Free Report) last announced its earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.29. Shell had a net margin of 8.55% and a return on equity of 14.34%. The business had revenue of $94.66 billion during the quarter, compared to analyst estimates of $86.22 billion. Equities research analysts predict that Shell PLC Unsponsored ADR will post 10.53 EPS for the current year.

Hedge Funds Weigh In On Shell

Several institutional investors and hedge funds have recently made changes to their positions in the business. Brighton Jones LLC boosted its stake in shares of Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock valued at $468,000 after purchasing an additional 2,545 shares during the period. Diversify Advisory Services LLC bought a new stake in Shell in the 2nd quarter worth $854,000. Beese Fulmer Investment Management Inc. boosted its holdings in shares of Shell by 111.5% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 42,090 shares of the energy company's stock worth $3,093,000 after purchasing an additional 22,187 shares during the period. Jefferies Financial Group Inc. raised its position in Shell by 268.2% during the 2nd quarter. Jefferies Financial Group Inc. now owns 103,304 shares of the energy company's stock valued at $8,010,000 after purchasing an additional 75,249 shares during the last quarter. Finally, Quantitative Investment Management LLC bought a new position in shares of Shell during the second quarter valued at approximately $3,451,000. Institutional investors own 28.60% of the company's stock.

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.

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