Shell (NYSE:SHEL) Given New $116.00 Price Target at Wells Fargo & Company

Shell (NYSE:SHEL) had its price objective increased by Wells Fargo & Company from $105.00 to $116.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has an equal weight rating on the energy company’s stock.

SHEL has been the subject of several other research reports. Barclays restated an “overweight” rating on shares of Shell in a research report on Monday, October 5th. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and set a $101.30 price target for the company in a research note on Thursday, September 3rd. Weiss Ratings upgraded Shell from a “buy (b)” rating to a “buy (a-)” rating in a report on Thursday, October 8th. Piper Sandler boosted their price objective on Shell from $89.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, September 3rd. Finally, Mizuho set a $103.00 price objective on Shell in a research report on Monday, October 12th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $107.86.

Shell Price Performance

SHEL stock opened at $108.76 on Friday. Shell has a 12 month low of $68.63 and a 12 month high of $109.37. 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 50-day moving average price of $98.10 and a 200 day moving average price of $88.17. The stock has a market cap of $311.57 billion, a PE ratio of 9.82, a P/E/G ratio of 0.88 and a beta of 0.10.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, October 29th. The energy company reported $3.86 EPS for the quarter, beating the consensus estimate of $3.54 by $0.32. Shell had a net margin of 9.96% and a return on equity of 17.39%. The company had revenue of $92.85 billion for the quarter, compared to the consensus estimate of $93.25 billion. Equities research analysts anticipate that Shell will post 11.94 earnings per share for the current year.

Shell declared that its Board of Directors has approved a stock repurchase plan on Thursday, October 29th that permits the company to buy back $5 billion in outstanding shares. This buyback authorization permits the energy company to reacquire up to 1.7% of its shares through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

Institutional Trading of Shell

A number of hedge funds have recently added to or reduced their stakes in SHEL. Bank of America Corp DE increased its position in Shell by 1.9% during the 2nd quarter. Bank of America Corp DE now owns 7,709,715 shares of the energy company’s stock valued at $597,811,000 after buying an additional 146,988 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Shell by 7.9% in the second quarter. Envestnet Asset Management Inc. now owns 2,352,694 shares of the energy company’s stock worth $182,425,000 after acquiring an additional 171,873 shares in the last quarter. Palogic Value Management L.P. boosted its holdings in Shell by 31.4% in the second quarter. Palogic Value Management L.P. now owns 54,698 shares of the energy company’s stock worth $4,241,000 after acquiring an additional 13,080 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Shell by 86.6% during the third quarter. IFP Advisors Inc now owns 25,800 shares of the energy company’s stock worth $2,452,000 after acquiring an additional 11,974 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in shares of Shell during the second quarter worth about $854,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

More Shell News

Here are the key news stories impacting Shell this week:

• Positive Sentiment: Major earnings beat: Shell reported third-quarter adjusted earnings of approximately $10.8 billion, more than double the year-earlier result and above expectations. Record refining margins, along with stronger gas and LNG prices, drove the improvement. Reported EPS of $3.86 also exceeded the $3.54 consensus, although revenue was slightly below estimates. Reuters earnings report
• Positive Sentiment: $5 billion share buyback: Shell authorized repurchases of up to 1.7% of its shares, signaling confidence in cash flow and potentially supporting per-share earnings. The larger buyback was enabled by higher quarterly cash generation. Zacks earnings call highlights
• Positive Sentiment: LNG growth remains a strategic tailwind: Management highlighted expansion in liquefied natural gas and continued operational execution, reinforcing Shell’s position in a business expected to provide relatively resilient long-term energy demand. Zacks LNG and buyback article
• Positive Sentiment: Analyst price-target increase: Wells Fargo raised its target from $105 to $116 while retaining an “equal weight” rating, implying additional potential upside but also signaling that valuation is becoming more balanced. Wells Fargo analyst recommendations
• Neutral Sentiment: Shell declared a quarterly interim dividend of $0.3906 per share and published the 2027 dividend timetable, providing continued visibility for income-focused investors. Shell dividend announcement
• Negative Sentiment: Earnings quality and geopolitical risks warrant caution: Refining margins are unusually high and could retreat, while Middle East disruptions are supporting prices but creating operational and demand uncertainty. CEO Wael Sawan said it is too early to assess the disruptions’ long-term effect on oil demand. Shell CEO comments on supply disruptions

About Shell

Shell plc is a global energy company headquartered in London, England. Its operations span the energy value chain, including the exploration, production, processing, trading and marketing of oil and natural gas. The company is also a major participant in liquefied natural gas (LNG), refining, chemicals and energy-related products.

Shell sells fuels, lubricants and other petroleum products through branded retail and commercial businesses, while also providing services to industrial, marine and aviation customers.