Shell (NYSE:SHEL) Sets New 1-Year High – Here’s What Happened

Shares of Shell PLC Unsponsored ADR (NYSE:SHEL) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $79.72 and last traded at $79.8240, with a volume of 2787655 shares changing hands. The stock had previously closed at $77.90.

Analyst Ratings Changes

Several brokerages recently weighed in on SHEL. Wall Street Zen cut Shell from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Piper Sandler reduced their price objective 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. Bank of America downgraded shares of Shell from a “buy” rating to a “neutral” rating in a report on Friday, December 5th. Weiss Ratings cut shares of Shell from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 2nd. Finally, Royal Bank Of Canada cut Shell from an “outperform” rating to a “sector perform” rating in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $81.33.

Shell Price Performance

The company has a debt-to-equity ratio of 0.38, a current ratio of 1.30 and a quick ratio of 1.03. The firm has a market cap of $229.89 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 5.82 and a beta of 0.16. The stock’s fifty day moving average price is $73.76 and its 200-day moving average price is $73.37.

Shell (NYSE:SHEL) last posted 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). The firm had revenue of $64.09 billion for the quarter, compared to analysts’ expectations of $65.82 billion. Shell had a return on equity of 10.34% and a net margin of 6.52%. Equities research analysts predict that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Hedge Funds Weigh In On Shell

Institutional investors and hedge funds have recently bought and sold shares of the business. Natixis Advisors LLC lifted its position in shares of Shell by 13.2% in the third quarter. Natixis Advisors LLC now owns 1,445,346 shares of the energy company’s stock worth $103,386,000 after purchasing an additional 167,983 shares in the last quarter. Great Lakes Advisors LLC lifted its position in Shell by 0.5% in the 3rd quarter. Great Lakes Advisors LLC now owns 596,972 shares of the energy company’s stock worth $42,701,000 after buying an additional 3,084 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Shell by 187.5% during the 4th quarter. SG Americas Securities LLC now owns 316,216 shares of the energy company’s stock valued at $23,236,000 after acquiring an additional 677,746 shares in the last quarter. Allied Investment Advisors LLC raised its holdings in shares of Shell by 2.5% during the fourth quarter. Allied Investment Advisors LLC now owns 196,452 shares of the energy company’s stock worth $14,435,000 after acquiring an additional 4,720 shares in the last quarter. Finally, Adell Harriman & Carpenter Inc. boosted its position in Shell by 4.7% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 156,733 shares of the energy company’s stock valued at $11,517,000 after purchasing an additional 7,083 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Company Profile

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.