Shell (NYSE:SHEL) Sets New 52-Week High - Time to Buy?

Key Points

• Shell shares reached a new 52-week high of $108.43, with the stock trading near $106.83 and above its 50-day and 200-day moving averages.
• Analyst sentiment is broadly positive: Shell has a consensus “Moderate Buy” rating and an average price target of $106.63, while TD Cowen raised its target to $115 and Zacks upgraded the stock to “Strong Buy.”
• Shell’s latest quarterly results beat expectations, reporting EPS of $3.52 versus the $3.23 consensus and revenue of $94.66 billion against estimates of $86.22 billion.

Shell PLC Unsponsored ADR (NYSE:SHEL - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday. The company traded as high as $108.43 and last traded at $106.8260, with a volume of 4,656,930 shares trading hands. The stock had previously closed at $108.18.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. TD Cowen upped their price target on shares of Shell from $107.00 to $115.00 and gave the stock a "buy" rating in a research report on Monday, September 28th. Erste Group Bank upgraded Shell from a "hold" rating to a "buy" rating in a research note on Thursday, August 27th. Mizuho set a $103.00 target price on Shell in a research note on Monday, October 12th. UBS Group set a $90.00 price target on Shell in a report on Friday, September 25th. Finally, Zacks Research upgraded Shell from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $106.63.

Shell Price Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.43. The company has a 50-day moving average of $96.69 and a 200-day moving average of $89.70. The firm has a market capitalization of $308.75 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 0.89 and a beta of 0.10.

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 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 firm had revenue of $94.66 billion for the quarter, compared to analyst estimates of $86.22 billion. As a group, research analysts anticipate that Shell PLC Unsponsored ADR will post 11.86 EPS for the current fiscal year.

Institutional Trading of Shell

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Viewpoint Investment Partners Corp grew its position in Shell by 34.7% during the third quarter. Viewpoint Investment Partners Corp now owns 13,600 shares of the energy company's stock worth $1,293,000 after buying an additional 3,500 shares in the last quarter. Leo Wealth LLC bought a new position in Shell in the third quarter valued at approximately $1,013,000. Pullen Investment Management LLC increased its stake in shares of Shell by 5.2% in the 3rd quarter. Pullen Investment Management LLC now owns 8,787 shares of the energy company's stock valued at $835,000 after purchasing an additional 436 shares during the last quarter. Kingswood Wealth Advisors LLC grew its position in Shell by 16.4% in the third quarter. Kingswood Wealth Advisors LLC now owns 3,857 shares of the energy company's stock valued at $367,000 after acquiring an additional 543 shares during the last quarter. Finally, Sigma Planning Corp boosted its stake in shares of Shell by 83.4% in the 3rd quarter. Sigma Planning Corp now owns 17,121 shares of the energy company's stock valued at $1,574,000 after purchasing an additional 7,785 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company's stock.

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.

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