Wall Street Zen Upgrades Shell (NYSE:SHEL) to Strong-Buy

Shell (NYSE:SHEL) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Several other brokerages have also commented on SHEL. Erste Group Bank reissued a “hold” rating on shares of Shell in a report on Tuesday, May 5th. Zacks Research lowered shares of Shell from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. HSBC raised shares of Shell from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Mizuho started coverage on shares of Shell in a research note on Monday, July 20th. They issued a “neutral” rating and a $98.00 price target on the stock. Finally, Piper Sandler increased their target price on Shell from $88.00 to $89.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, Shell presently has an average rating of “Hold” and an average target price of $102.17.

Shell Stock Performance

NYSE SHEL opened at $88.44 on Friday. The stock has a market capitalization of $247.94 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 0.58 and a beta of 0.05. The stock has a 50-day moving average of $84.02 and a 200 day moving average of $84.70. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. Shell has a twelve month low of $68.63 and a twelve month high of $94.90.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Friday, July 31st. The energy company reported $3.52 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.29. Shell had a return on equity of 14.34% and a net margin of 8.55%.The business had revenue of $94.66 billion during the quarter, compared to analysts’ expectations of $86.22 billion. Sell-side analysts anticipate that Shell will post 10.31 EPS for the current fiscal year.

Institutional Trading of Shell

Hedge funds have recently bought and sold shares of the business. Colonial Trust Advisors boosted its position in shares of Shell by 9.5% during the 4th quarter. Colonial Trust Advisors now owns 1,488 shares of the energy company’s stock worth $109,000 after purchasing an additional 129 shares during the period. Financial Management Professionals Inc. lifted its stake in Shell by 2.9% during the second quarter. Financial Management Professionals Inc. now owns 4,800 shares of the energy company’s stock worth $372,000 after purchasing an additional 137 shares in the last quarter. Cornerstone Planning Group LLC boosted its position in shares of Shell by 14.1% during the first quarter. Cornerstone Planning Group LLC now owns 1,215 shares of the energy company’s stock worth $109,000 after buying an additional 150 shares during the period. LRI Investments LLC grew its stake in shares of Shell by 25.1% in the fourth quarter. LRI Investments LLC now owns 846 shares of the energy company’s stock valued at $62,000 after buying an additional 170 shares in the last quarter. Finally, NBC Securities Inc. raised its holdings in shares of Shell by 1.9% in the 4th quarter. NBC Securities Inc. now owns 9,552 shares of the energy company’s stock valued at $702,000 after buying an additional 176 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

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.