Weiss Ratings Reaffirms "Hold (C+)" Rating for Shell (NYSE:SHEL)

Key Points

• Weiss Ratings has reaffirmed its "Hold (C+)" rating for Shell (NYSE:SHEL), indicating a cautious outlook for investors.
• Shell's stock price recently dropped to $74.09, while analysis shows mixed ratings from other brokerages, with a consensus price target of $77.21.
• The company reported earnings of $1.42 per share, exceeding analyst estimates, but fell short on revenue expectations for the last quarter.

Shell (NYSE:SHEL - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other brokerages have also recently weighed in on SHEL. Melius initiated coverage on Shell in a research report on Wednesday, August 20th. They issued a "hold" rating and a $70.00 price target for the company. Hsbc Global Res cut Shell from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 4th. BNP Paribas upgraded Shell to a "strong-buy" rating in a research report on Tuesday, September 23rd. Melius Research assumed coverage on shares of Shell in a research report on Wednesday, August 20th. They set a "hold" rating and a $70.00 price target for the company. Finally, Sanford C. Bernstein lowered shares of Shell from an "outperform" rating to a "market perform" rating in a research report on Monday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $77.21.

Shell Stock Performance

Shares of SHEL stock traded down $0.82 during trading hours on Wednesday, hitting $74.09. 3,343,040 shares of the company were exchanged, compared to its average volume of 4,525,415. The firm has a fifty day simple moving average of $72.44 and a 200 day simple moving average of $69.74. The company has a current ratio of 1.32, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. Shell has a 52-week low of $58.54 and a 52-week high of $75.08. The stock has a market capitalization of $216.55 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of 1.95 and a beta of 0.39.

Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.29. Shell had a net margin of 4.93% and a return on equity of 10.67%. The company had revenue of $66.44 billion during the quarter, compared to analyst estimates of $69.31 billion. Research analysts predict that Shell will post 7.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Shell

Hedge funds and other institutional investors have recently modified their holdings of the company. Avalon Trust Co bought a new position in shares of Shell during the first quarter valued at about $25,000. Westside Investment Management Inc. bought a new position in shares of Shell during the second quarter valued at about $25,000. Brown Lisle Cummings Inc. raised its stake in shares of Shell by 103.4% during the first quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock valued at $26,000 after acquiring an additional 181 shares during the last quarter. Truvestments Capital LLC raised its stake in Shell by 102.9% in the first quarter. Truvestments Capital LLC now owns 420 shares of the energy company's stock worth $31,000 after buying an additional 213 shares in the last quarter. Finally, Salomon & Ludwin LLC raised its stake in Shell by 50.5% in the second quarter. Salomon & Ludwin LLC now owns 480 shares of the energy company's stock worth $35,000 after buying an additional 161 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

About Shell

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.