Shell (NYSE:SHEL) Sets New 1-Year High - Should You Buy?

Key Points

• Shell shares reached a new 52-week high of $97.34, with the stock trading around $97.27 and up 0.5%.
• Analyst sentiment is mixed: seven analysts rate Shell a Buy and eleven rate it a Hold, producing an average rating of “Hold” and a consensus price target of $107.46.
• Shell beat quarterly expectations, reporting EPS of $3.52 versus the $3.23 consensus and revenue of $94.66 billion versus $86.22 billion expected; institutional investors own 28.6% of the company.

Shell PLC Unsponsored ADR (NYSE:SHEL - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as $97.34 and last traded at $97.2730, with a volume of 168984 shares changing hands. The stock had previously closed at $96.77.

Analyst Upgrades and Downgrades

A number of research firms have commented on SHEL. Wall Street Zen upgraded Shell from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Morgan Stanley set a $101.30 target price on Shell and gave the stock an "overweight" rating in a research note on Thursday, September 3rd. Mizuho began coverage on Shell in a report on Monday, July 20th. They set a "neutral" rating and a $98.00 target price for the company. Jefferies Financial Group boosted their price target on shares of Shell to $122.40 and gave the stock a "buy" rating in a research note on Thursday, May 21st. Finally, Wells Fargo & Company increased their price target on shares of Shell from $100.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $107.46.

Shell Stock Up 0.5%

The firm has a market cap of $272.59 billion, a PE ratio of 10.72, a PEG ratio of 0.83 and a beta of 0.05. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average price of $89.44 and a 200-day moving average price of $87.44.

Shell (NYSE:SHEL - Get Free Report) last issued 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. The company had revenue of $94.66 billion during the quarter, compared to the consensus estimate of $86.22 billion. Shell had a net margin of 8.55% and a return on equity of 14.34%. Research analysts forecast that Shell PLC Unsponsored ADR will post 10.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Colonial Trust Advisors increased its stake in shares of Shell by 9.5% during the 4th quarter. Colonial Trust Advisors now owns 1,488 shares of the energy company's stock valued at $109,000 after acquiring an additional 129 shares during the last quarter. PFG Private Wealth Management LLC increased its position in Shell by 3.8% during the second quarter. PFG Private Wealth Management LLC now owns 3,578 shares of the energy company's stock worth $277,000 after purchasing an additional 130 shares during the last quarter. Financial Management Professionals Inc. raised its stake in Shell by 2.9% during the second quarter. Financial Management Professionals Inc. now owns 4,800 shares of the energy company's stock worth $372,000 after purchasing an additional 137 shares during the period. Plan A Wealth LLC grew its stake in shares of Shell by 1.7% during the 2nd quarter. Plan A Wealth LLC now owns 8,619 shares of the energy company's stock valued at $668,000 after buying an additional 140 shares during the period. Finally, Cornerstone Planning Group LLC raised its position in shares of Shell by 14.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,215 shares of the energy company's stock worth $109,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 28.60% of the company's stock.

Shell Company Profile

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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