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

Key Points

• Shell hit a new 52-week high of $85.41 on Monday (last at $85.23), trading up about 1.8% on volume of 2,447,265 shares, with a market cap of $245.26 billion and 50/200-day moving averages of $76.78/$74.51.
• Analyst sentiment is mixed after several downgrades and target cuts, leaving a consensus rating of "Hold" and an average price target of $81.33.
• Shell's most recent quarter missed expectations, reporting $0.57 EPS versus $1.21 expected and $64.09 billion in revenue versus $65.82 billion forecast.

Shell PLC Unsponsored ADR (NYSE:SHEL - Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as $85.41 and last traded at $85.23, with a volume of 2447265 shares traded. The stock had previously closed at $84.70.

Analysts Set New Price Targets

SHEL has been the topic of a number of analyst reports. Royal Bank Of Canada lowered shares of Shell from an "outperform" rating to a "sector perform" rating in a research report on Monday, January 26th. Weiss Ratings downgraded Shell from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday. Piper Sandler dropped their target price on shares of Shell from $93.00 to $89.00 and set an "overweight" rating for the company in a research report on Friday, February 6th. UBS Group cut shares of Shell from a "buy" rating to a "neutral" rating in a research note on Tuesday, November 25th. Finally, Wells Fargo & Company cut their target price on Shell from $78.00 to $77.00 and set an "equal weight" rating for the company in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, Shell has a consensus rating of "Hold" and an average price target of $81.33.

Shell Trading Up 1.8%

The firm's 50-day moving average is $76.78 and its 200 day moving average is $74.51. The firm has a market capitalization of $245.26 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 6.15 and a beta of 0.14. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 0.38.

Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The energy company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.64). Shell had a return on equity of 10.34% and a net margin of 6.52%.The business had revenue of $64.09 billion during the quarter, compared to the consensus estimate of $65.82 billion. On average, equities analysts predict that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Shell

Large investors have recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new position in Shell in the fourth quarter valued at $26,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Shell during the 3rd quarter valued at about $31,000. Grey Fox Wealth Advisors LLC acquired a new stake in Shell during the third quarter worth approximately $34,000. Zions Bancorporation National Association UT lifted its stake in Shell by 186.7% in the fourth quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company's stock valued at $35,000 after buying an additional 308 shares during the period. Finally, Ares Financial Consulting LLC bought a new stake in shares of Shell in the 4th quarter valued at $38,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

About Shell

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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