Shell (NYSE:SHEL) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Wall Street Zen upgraded shares of Shell (NYSE:SHEL) from a buy rating to a strong-buy rating in a report released on Saturday.

SHEL has been the topic of a number of other reports. HSBC upgraded Shell from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Mizuho assumed coverage on Shell in a report on Monday, July 20th. They set a “neutral” rating and a $98.00 price objective for the company. BNP Paribas Exane set a $101.00 target price on shares of Shell and gave the company a “neutral” rating in a research note on Friday, April 17th. Wells Fargo & Company lifted their target price on shares of Shell from $100.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Finally, TD Cowen reissued a “buy” rating on shares of Shell in a report on Thursday, July 2nd. Five research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $102.17.

Shell Stock Down 1.3%

Shares of NYSE:SHEL opened at $88.44 on Friday. The firm has a fifty day moving average price of $84.02 and a two-hundred day moving average price of $84.63. The company has a market cap of $247.94 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 0.58 and a beta of 0.05. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.12. Shell has a one year low of $68.63 and a one year high of $94.90.

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 firm had revenue of $94.66 billion for the quarter, compared to analysts’ expectations of $86.22 billion. Shell had a net margin of 8.55% and a return on equity of 14.34%. Analysts anticipate that Shell will post 10.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Shell by 452.6% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 74,296 shares of the energy company’s stock worth $6,910,000 after buying an additional 60,850 shares during the period. Captrust Financial Advisors raised its stake in Shell by 30.4% in the 4th quarter. Captrust Financial Advisors now owns 180,630 shares of the energy company’s stock worth $13,273,000 after acquiring an additional 42,129 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Shell by 119.7% during the 4th quarter. Farther Finance Advisors LLC now owns 42,664 shares of the energy company’s stock worth $3,135,000 after acquiring an additional 23,243 shares during the period. Beese Fulmer Investment Management Inc. grew its stake in Shell by 111.5% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 42,090 shares of the energy company’s stock valued at $3,093,000 after purchasing an additional 22,187 shares during the last quarter. Finally, Foster & Motley Inc. acquired a new position in shares of Shell in the second quarter valued at about $1,379,000. 28.60% of the stock is owned by institutional investors.

Shell Company Profile

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.