Shell Sees Unusually Large Options Volume (NYSE:SHEL)

Shell PLC Unsponsored ADR (NYSE:SHEL) was the target of unusually large options trading on Monday. Traders bought 35,946 call options on the stock. This represents an increase of 244% compared to the typical volume of 10,444 call options.

Institutional Investors Weigh In On Shell

Hedge funds have recently bought and sold shares of the business. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Shell during the fourth quarter valued at approximately $26,000. Zions Bancorporation National Association UT raised its stake 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 buying an additional 308 shares during the last quarter. Nalls Sherbakoff Group LLC bought a new stake in Shell in the fourth quarter worth $36,000. Ares Financial Consulting LLC bought a new position in shares of Shell during the fourth quarter valued at $38,000. Finally, Steigerwald Gordon & Koch Inc. grew its position in Shell by 51.3% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 649 shares of the energy company’s stock valued at $48,000 after purchasing an additional 220 shares during the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Trading Down 0.1%

NYSE:SHEL traded down $0.10 during mid-day trading on Monday, reaching $77.92. 2,458,585 shares of the company’s stock traded hands, compared to its average volume of 7,247,040. The company has a 50 day moving average price of $84.06 and a 200-day moving average price of $82.32. The firm has a market capitalization of $218.47 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 0.48 and a beta of 0.06. 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 has a 12-month low of $68.63 and a 12-month high of $94.90.

Shell (NYSE:SHEL) last released its quarterly earnings data on Friday, May 8th. The energy company reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.30. The business had revenue of $69.69 billion during the quarter, compared to analysts’ expectations of $77.54 billion. Shell had a return on equity of 11.18% and a net margin of 6.85%. On average, sell-side analysts predict that Shell will post 9.9 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SHEL shares. Wall Street Zen downgraded shares of Shell from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Scotiabank upped their price target on shares of Shell from $91.00 to $122.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Jefferies Financial Group boosted their target price on Shell to $122.40 and gave the company a “buy” rating in a research note on Thursday, May 21st. Morgan Stanley lowered Shell from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 24th. Finally, HSBC upgraded Shell from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Six research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $100.46.

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.