Shell (NYSE:SHEL) Releases Earnings Results, Beats Expectations By $0.30 EPS

Shell (NYSE:SHEL - Get Free Report) announced its quarterly earnings data on Friday. The energy company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.30, Zacks reports. Shell had a net margin of 5.57% and a return on equity of 12.75%. The business had revenue of $69.23 billion for the quarter, compared to analyst estimates of $79.18 billion. During the same period in the prior year, the business posted $2.40 earnings per share.

Shell Stock Performance

NYSE:SHEL opened at $66.67 on Friday. The company has a market capitalization of $200.55 billion, a PE ratio of 13.28, a P/E/G ratio of 0.98 and a beta of 0.38. Shell has a fifty-two week low of $58.55 and a fifty-two week high of $74.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The company has a 50 day simple moving average of $66.91 and a two-hundred day simple moving average of $65.90.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Barclays reiterated an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. TD Cowen reduced their target price on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. UBS Group raised Shell from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 8th. Royal Bank of Canada reiterated an "outperform" rating on shares of Shell in a research report on Wednesday, March 26th. Finally, TD Securities reaffirmed a "buy" rating on shares of Shell in a research note on Friday, April 4th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $77.73.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Shell stock. Brighton Jones LLC grew its position in shares of Shell plc (NYSE:SHEL - Free Report) by 51.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,463 shares of the energy company's stock after acquiring an additional 2,545 shares during the quarter. Brighton Jones LLC's holdings in Shell were worth $468,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 28.60% of the company's stock.

Shell announced that its Board of Directors has authorized a stock repurchase plan on Friday, May 2nd that authorizes the company to repurchase $3.50 billion in shares. This repurchase authorization authorizes the energy company to buy up to 1.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Shell Company Profile

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.

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