Brokerages Set Shell PLC Unsponsored ADR (NYSE:SHEL) Price Target at $107.46

Shares of Shell PLC Unsponsored ADR (NYSE:SHEL) have earned a consensus recommendation of “Hold” from the eighteen ratings firms that are currently covering the firm, MarketBeat reports. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $107.4625.

A number of brokerages recently issued reports on SHEL. Wall Street Zen raised Shell from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded Shell from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Morgan Stanley set a $101.30 target price on shares of Shell and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Wells Fargo & Company upped their price target on shares of Shell from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Finally, Piper Sandler lifted their price objective on shares of Shell from $89.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, September 3rd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SHEL. Continuum Advisory LLC purchased a new stake in Shell during the second quarter valued at approximately $34,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Shell during the 4th quarter valued at $36,000. Kilter Group LLC boosted its position in shares of Shell by 83.1% in the 2nd quarter. Kilter Group LLC now owns 498 shares of the energy company’s stock worth $39,000 after purchasing an additional 226 shares in the last quarter. Allied Private Wealth LLC purchased a new position in Shell during the 2nd quarter worth $43,000. Finally, Elyxium Wealth LLC purchased a new stake in Shell in the fourth quarter valued at about $55,000. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Stock Up 0.7%

Shares of SHEL opened at $93.89 on Wednesday. Shell has a 52-week low of $68.63 and a 52-week high of $99.15. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average of $91.33 and a 200 day moving average of $88.09. The company has a market cap of $263.22 billion, a PE ratio of 10.36, a P/E/G ratio of 0.79 and a beta of 0.05.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Friday, July 31st. The energy company reported $3.52 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.29. Shell had a net margin of 8.55% and a return on equity of 14.34%. The company had revenue of $94.66 billion for the quarter, compared to analyst estimates of $86.22 billion. On average, sell-side analysts expect that Shell will post 10.89 EPS for the current year.

About Shell

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.