Shell (NYSE:SHEL) Upgraded at Erste Group Bank

Erste Group Bank upgraded shares of Shell (NYSE:SHEL) from a hold rating to a buy rating in a research note released on Thursday morning, Marketbeat.com reports.

Other equities research analysts have also recently issued research reports about the stock. HSBC upgraded shares of Shell from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Mizuho assumed coverage on Shell in a research note on Monday, July 20th. They issued a “neutral” rating and a $98.00 price objective for the company. Zacks Research downgraded Shell from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Piper Sandler lifted their price target on shares of Shell from $88.00 to $89.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, TD Cowen reissued a “buy” rating on shares of Shell in a report on Thursday, July 2nd. Six research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $106.77.

Shell Stock Performance

Shares of NYSE SHEL opened at $90.91 on Thursday. Shell has a 12-month low of $68.63 and a 12-month high of $94.90. The firm has a market capitalization of $254.87 billion, a price-to-earnings ratio of 10.03, a price-to-earnings-growth ratio of 0.60 and a beta of 0.05. 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 firm has a 50 day moving average of $86.20 and a 200 day moving average of $86.34.

Shell (NYSE:SHEL) last released its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.29. The business had revenue of $94.66 billion for the quarter, compared to the consensus estimate of $86.22 billion. Shell had a net margin of 8.55% and a return on equity of 14.34%. On average, research analysts anticipate that Shell will post 10.38 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new stake in Shell in the fourth quarter worth about $26,000. Continuum Advisory LLC bought a new position in Shell in the second quarter worth about $34,000. Zions Bancorporation National Association UT increased its position in shares of Shell by 186.7% during the fourth 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 in the last quarter. Nalls Sherbakoff Group LLC purchased a new stake in shares of Shell during the fourth quarter worth about $36,000. Finally, Kilter Group LLC lifted its stake in shares of Shell by 83.1% during the second quarter. Kilter Group LLC now owns 498 shares of the energy company’s stock worth $39,000 after buying an additional 226 shares during the period. Institutional investors 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.