Shell (NYSE:SHEL) Stock Rating Upgraded by Wall Street Zen

Shell (NYSE:SHELGet Free Report) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Several other equities research analysts have also issued reports on SHEL. Erste Group Bank reaffirmed a “hold” rating on shares of Shell in a report on Tuesday, May 5th. Piper Sandler lifted their price target on shares of Shell from $89.00 to $106.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Scotiabank boosted their target price on shares of Shell from $91.00 to $122.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Zacks Research raised shares of Shell from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Finally, TD Cowen reduced their target price on shares of Shell from $112.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat.com, Shell has a consensus rating of “Hold” and a consensus price target of $97.33.

View Our Latest Stock Report on Shell

Shell Trading Down 0.0%

Shares of Shell stock opened at $83.94 on Friday. The firm has a market capitalization of $237.72 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 0.46 and a beta of 0.08. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 0.38. The firm’s 50 day moving average is $89.09 and its 200 day moving average is $79.75. Shell has a 1 year low of $65.38 and a 1 year high of $94.90.

Shell (NYSE:SHELGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The energy company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.30. The company had revenue of $69.69 billion for the quarter, compared to analyst estimates of $77.54 billion. Shell had a net margin of 6.85% and a return on equity of 11.11%. Equities research analysts forecast that Shell will post 9.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SHEL. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Shell in the 4th quarter worth approximately $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Shell in the 3rd quarter worth approximately $31,000. Grey Fox Wealth Advisors LLC acquired a new position in shares of Shell in the 3rd quarter worth approximately $34,000. Zions Bancorporation National Association UT lifted its position in shares of Shell by 186.7% in the 4th quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company’s stock worth $35,000 after purchasing an additional 308 shares during the period. Finally, Nalls Sherbakoff Group LLC acquired a new position in shares of Shell in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell News Roundup

Here are the key news stories impacting Shell this week:

Shell Company Profile

(Get Free Report)

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.

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