Shell (NYSE:SHEL) Stock Rating Lowered by Zacks Research

Shell (NYSE:SHEL) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

SHEL has been the subject of several other reports. Royal Bank Of Canada cut shares of Shell from an “outperform” rating to a “sector perform” rating in a report on Monday, January 26th. Erste Group Bank reissued a “hold” rating on shares of Shell in a research report on Tuesday, May 5th. HSBC raised shares of Shell from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. TD Cowen reduced their price target on shares of Shell from $112.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Finally, Piper Sandler increased their price target on shares of Shell from $89.00 to $106.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Six investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $100.46.

Shell Stock Performance

Shares of SHEL opened at $85.12 on Monday. Shell has a one year low of $65.94 and a one year high of $94.90. The company has a 50-day moving average of $89.42 and a two-hundred day moving average of $80.78. The stock has a market cap of $238.64 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 0.45 and a beta of 0.08. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.97.

Shell (NYSE:SHEL) last announced its earnings results on Friday, May 8th. The energy company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.14 by $0.30. Shell had a net margin of 6.85% and a return on equity of 11.18%. The company had revenue of $69.69 billion during the quarter, compared to analysts’ expectations of $77.54 billion. On average, equities research analysts expect that Shell will post 10.28 earnings per share for the current year.

Hedge Funds Weigh In On Shell

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC bought a new position in Shell during the fourth quarter valued at approximately $26,000. Zions Bancorporation National Association UT raised its position in Shell by 186.7% during the fourth quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company’s stock valued at $35,000 after acquiring an additional 308 shares in the last quarter. Nalls Sherbakoff Group LLC bought a new position in Shell during the fourth quarter valued at approximately $36,000. Ares Financial Consulting LLC bought a new position in Shell during the fourth quarter valued at approximately $38,000. Finally, Steigerwald Gordon & Koch Inc. raised its position in Shell by 51.3% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 649 shares of the energy company’s stock valued at $48,000 after acquiring an additional 220 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

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.