Shell (NYSE:SHEL) Reaches New 1-Year High – Should You Buy?

Shell PLC Unsponsored ADR (NYSE:SHEL) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $78.17 and last traded at $77.2160, with a volume of 2899217 shares changing hands. The stock had previously closed at $75.79.

Analyst Ratings Changes

SHEL has been the topic of a number of recent analyst reports. Piper Sandler increased their price target on Shell from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Wells Fargo & Company started coverage on Shell in a research report on Friday, October 17th. They set an “equal weight” rating and a $76.00 target price on the stock. Wolfe Research cut Shell from an “outperform” rating to a “peer perform” rating in a report on Wednesday, October 8th. UBS Group lowered shares of Shell from a “buy” rating to a “neutral” rating in a report on Tuesday, November 25th. Finally, Royal Bank Of Canada downgraded shares of Shell from an “outperform” rating to a “sector perform” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $81.61.

Shell Trading Down 0.6%

The firm’s 50 day simple moving average is $73.30 and its 200-day simple moving average is $73.07. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $221.40 billion, a PE ratio of 15.78, a P/E/G ratio of 5.74 and a beta of 0.16.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, October 30th. The energy company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.14. Shell had a net margin of 5.34% and a return on equity of 10.49%. The business had revenue of $68.15 billion for the quarter, compared to analyst estimates of $70.50 billion. As a group, equities research analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 EPS for the current year.

Institutional Investors Weigh In On Shell

Several hedge funds have recently modified their holdings of SHEL. Brighton Jones LLC grew its stake in shares of Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock valued at $468,000 after acquiring an additional 2,545 shares in the last quarter. Whittier Trust Co. boosted its holdings in Shell by 10.9% in the second quarter. Whittier Trust Co. now owns 34,262 shares of the energy company’s stock valued at $2,412,000 after purchasing an additional 3,361 shares during the last quarter. Allied Investment Advisors LLC increased its holdings in Shell by 2.0% during the 2nd quarter. Allied Investment Advisors LLC now owns 185,186 shares of the energy company’s stock worth $13,039,000 after purchasing an additional 3,559 shares during the last quarter. Alteri Wealth LLC acquired a new position in shares of Shell in the 2nd quarter valued at approximately $258,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of Shell by 21.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 31,765 shares of the energy company’s stock worth $2,236,000 after buying an additional 5,637 shares in the last quarter. 28.60% of the stock is currently owned by hedge funds and other 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.