Shell (NYSE:SHEL) Sets New 12-Month High – Still a Buy?

Shell PLC Unsponsored ADR (NYSE:SHEL)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $95.74 and last traded at $95.6550, with a volume of 1077934 shares. The stock had previously closed at $92.95.

Wall Street Analysts Forecast Growth

SHEL has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Shell from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Morgan Stanley set a $101.30 price target on Shell and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Mizuho began coverage on Shell in a research report on Monday, July 20th. They set a “neutral” rating and a $98.00 price objective for the company. Weiss Ratings upgraded Shell from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Finally, Jefferies Financial Group lifted their price target on Shell to $122.40 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Seven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Shell presently has a consensus rating of “Hold” and an average target price of $107.46.

Shell Price Performance

The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $268.21 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 0.85 and a beta of 0.05. The company has a 50 day moving average price of $88.71 and a 200 day moving average price of $87.21.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $86.22 billion. As a group, equities research analysts forecast that Shell PLC Unsponsored ADR will post 10.77 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Palogic Value Management L.P. boosted its position in shares of Shell by 31.4% during the second quarter. Palogic Value Management L.P. now owns 54,698 shares of the energy company’s stock worth $4,241,000 after purchasing an additional 13,080 shares in the last quarter. WINTON GROUP Ltd acquired a new position in Shell during the 2nd quarter worth approximately $295,000. Engineers Gate Manager LP increased its stake in Shell by 300.7% in the 2nd quarter. Engineers Gate Manager LP now owns 840,770 shares of the energy company’s stock valued at $65,193,000 after buying an additional 630,948 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Shell by 1.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 40,546 shares of the energy company’s stock valued at $3,144,000 after acquiring an additional 590 shares in the last quarter. Finally, RFG Advisory LLC grew its stake in Shell by 4.8% in the second quarter. RFG Advisory LLC now owns 4,622 shares of the energy company’s stock valued at $358,000 after purchasing an additional 211 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Company Profile

Shell plc is a global energy company headquartered in London, United Kingdom. Its operations span the exploration, production, processing, trading and marketing of energy resources, including crude oil, natural gas and liquefied natural gas (LNG).

The company also operates refineries, petrochemical and chemical businesses, fuel stations and other energy-marketing activities. Through its Energy Solutions operations, Shell provides renewable power, electric-vehicle charging, energy-efficiency services and lower-carbon fuels, while continuing to develop technologies and projects intended to reduce emissions from energy production and use.

Shell traces its history to the Royal Dutch Petroleum Company and the Shell Transport and Trading Company, which combined their operations in 1907.