Shell (NYSE:SHEL - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.
Other analysts have also recently issued reports about the company. Jefferies Financial Group raised Shell to a "strong-buy" rating in a report on Tuesday, October 7th. Santander cut Shell to a "neutral" rating in a report on Friday, July 11th. Scotiabank reissued an "outperform" rating on shares of Shell in a report on Thursday, October 9th. Wells Fargo & Company initiated coverage on Shell in a research note on Friday, October 17th. They set an "equal weight" rating and a $76.00 price objective on the stock. Finally, Wolfe Research lowered Shell from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $79.41.
View Our Latest Analysis on SHEL
Shell Price Performance
NYSE:SHEL opened at $75.85 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.32 and a debt-to-equity ratio of 0.36. The stock's 50 day moving average price is $72.67 and its two-hundred day moving average price is $70.01. The firm has a market capitalization of $220.39 billion, a price-to-earnings ratio of 17.08, a P/E/G ratio of 1.82 and a beta of 0.39. Shell has a 12-month low of $58.54 and a 12-month high of $76.28.
Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The energy company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.29. The firm had revenue of $66.44 billion for the quarter, compared to analyst estimates of $69.31 billion. Shell had a return on equity of 10.67% and a net margin of 4.93%. On average, analysts anticipate that Shell will post 7.67 earnings per share for the current year.
Institutional Investors Weigh In On Shell
Several hedge funds have recently modified their holdings of the company. First PREMIER Bank boosted its holdings in shares of Shell by 6.1% during the 3rd quarter. First PREMIER Bank now owns 2,653 shares of the energy company's stock valued at $190,000 after acquiring an additional 153 shares in the last quarter. Salomon & Ludwin LLC lifted its holdings in Shell by 50.5% during the 2nd quarter. Salomon & Ludwin LLC now owns 480 shares of the energy company's stock worth $35,000 after buying an additional 161 shares during the period. Sax Wealth Advisors LLC lifted its holdings in Shell by 3.9% during the 1st quarter. Sax Wealth Advisors LLC now owns 4,367 shares of the energy company's stock worth $320,000 after buying an additional 164 shares during the period. Seven Mile Advisory lifted its holdings in Shell by 3.3% during the 2nd quarter. Seven Mile Advisory now owns 5,572 shares of the energy company's stock worth $392,000 after buying an additional 176 shares during the period. Finally, Bruce G. Allen Investments LLC lifted its holdings in Shell by 2.3% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 7,933 shares of the energy company's stock worth $559,000 after buying an additional 177 shares during the period. Institutional investors and hedge funds own 28.60% of the company's stock.
About Shell
(
Get Free Report)
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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