Shell PLC Unsponsored ADR (SHEL) – What Are Researchers Thinking About This Stock?

Shell PLC Unsponsored ADR (NYSE:SHEL) has been assigned a consensus rating of “Moderate Buy” from the twenty-two brokerages that are covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $107.08.

Several brokerages have issued reports on SHEL. Wall Street Zen raised shares of Shell from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $81.60 to $101.30 in a research report on Thursday, September 3rd. Zacks Research upgraded shares of Shell from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Mizuho set a $103.00 target price on Shell in a research note on Monday, October 12th. Finally, Erste Group Bank raised Shell from a “hold” rating to a “buy” rating in a report on Thursday, August 27th.

Institutional Investors Weigh In On Shell

Several large investors have recently bought and sold shares of the business. Bank of America Corp DE raised its holdings in Shell by 1.9% in the 2nd quarter. Bank of America Corp DE now owns 7,709,715 shares of the energy company’s stock worth $597,811,000 after purchasing an additional 146,988 shares during the period. Envestnet Asset Management Inc. lifted its position in Shell by 7.9% during the second quarter. Envestnet Asset Management Inc. now owns 2,352,694 shares of the energy company’s stock valued at $182,425,000 after purchasing an additional 171,873 shares in the last quarter. Palogic Value Management L.P. grew its holdings in Shell by 31.4% during the second quarter. Palogic Value Management L.P. now owns 54,698 shares of the energy company’s stock valued at $4,241,000 after purchasing an additional 13,080 shares during the period. IFP Advisors Inc grew its holdings in Shell by 86.6% during the third quarter. IFP Advisors Inc now owns 25,800 shares of the energy company’s stock valued at $2,452,000 after purchasing an additional 11,974 shares during the period. Finally, Diversify Advisory Services LLC purchased a new stake in Shell in the second quarter worth about $854,000. 28.60% of the stock is currently owned by institutional investors.

Shell Stock Down 0.3%

Shares of NYSE:SHEL opened at $98.78 on Thursday. The company has a current ratio of 1.38, a quick ratio of 1.09 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $99.24 and a two-hundred day simple moving average of $89.01. Shell has a 12-month low of $68.63 and a 12-month high of $109.37. The stock has a market capitalization of $282.98 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 0.86 and a beta of 0.07.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, October 29th. The energy company reported $3.86 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.26. The firm had revenue of $92.85 billion during the quarter, compared to the consensus estimate of $93.25 billion. Shell had a return on equity of 16.86% and a net margin of 9.96%. On average, research analysts anticipate that Shell will post 12.29 earnings per share for the current fiscal year.

Shell announced that its board has approved a stock repurchase plan on Thursday, October 29th that allows the company to buy back $5 billion in shares. This buyback authorization allows the energy company to repurchase up to 1.7% of its shares through open market purchases. Share buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Shell Company Profile

Shell plc is a global energy company engaged in the exploration and production of oil and natural gas, natural gas liquefaction and marketing, and the refining and sale of fuels and other products. Its businesses also include chemicals, power and energy solutions, including lower-carbon offerings such as biofuels, hydrogen and electric-vehicle charging.

The company serves customers and operates across regions worldwide. Its products and services reach consumers, businesses and industrial customers through activities such as fuel retailing, natural gas supply, chemicals production and energy trading.

Shell traces its history to the 1907 merger of Royal Dutch Petroleum and the U.K.’s Shell Transport and Trading Company.