Brokerages Set Shell PLC Unsponsored ADR (NYSE:SHEL) Price Target at $100.46

Shell PLC Unsponsored ADR (NYSE:SHEL) has been given a consensus recommendation of “Hold” by the nineteen brokerages that are presently covering the firm, Marketbeat.com reports. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $100.4625.

SHEL has been the topic of a number of research reports. Rothschild & Co Redburn downgraded shares of Shell from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Weiss Ratings downgraded shares of Shell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. Jefferies Financial Group lifted their price objective on shares of Shell to $122.40 and gave the company a “buy” rating in a report on Thursday, May 21st. Scotiabank upped their target price on Shell from $91.00 to $122.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Finally, HSBC raised Shell from a “hold” rating to a “buy” rating in a research report on Monday, May 18th.

Shell Price Performance

Shares of SHEL stock opened at $81.43 on Friday. Shell has a twelve month low of $68.63 and a twelve month high of $94.90. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $83.48 and a two-hundred day simple moving average of $82.58. The stock has a market capitalization of $228.30 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 0.52 and a beta of 0.06.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Friday, May 8th. The energy company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.14 by $0.30. Shell had a return on equity of 11.18% and a net margin of 6.85%.The firm had revenue of $69.69 billion for the quarter, compared to analyst estimates of $77.54 billion. On average, analysts predict that Shell will post 9.64 EPS for the current fiscal year.

Shell News Roundup

Here are the key news stories impacting Shell this week:

• Positive Sentiment: Shell lifted its Q2 outlook, saying higher refining margins and stronger gas trading should help offset weaker production from Middle East disruptions; brokers also turned more upbeat, with Citi and Jefferies raising earnings forecasts after calling the update “incrementally positive.” Article Title
• Positive Sentiment: Shell announced final results of its exchange offers, with about $6.3 billion of restricted notes tendered and accepted, a sign it is actively managing its balance sheet and refinancing structure. Article Title
• Neutral Sentiment: Some commentary says Shell could see a share-price bump once the Iran-related crisis eases, as the company may benefit from elevated European LNG prices and improving downstream conditions. Article Title
• Negative Sentiment: Despite the positive operating update, Shell stock was reported as sinking while the broader market gained, suggesting investor sentiment may be focused on short-term macro and energy-sector caution rather than the company’s improving fundamentals. Article Title

Hedge Funds Weigh In On Shell

A number of large investors have recently added to or reduced their stakes in the company. Natixis Advisors LLC increased its position in shares of Shell by 13.2% during the third quarter. Natixis Advisors LLC now owns 1,445,346 shares of the energy company’s stock worth $103,386,000 after purchasing an additional 167,983 shares in the last quarter. SG Americas Securities LLC grew its stake in Shell by 187.5% during the 4th quarter. SG Americas Securities LLC now owns 316,216 shares of the energy company’s stock worth $23,236,000 after buying an additional 677,746 shares during the last quarter. Allied Investment Advisors LLC increased its position in Shell by 2.5% during the 4th quarter. Allied Investment Advisors LLC now owns 196,452 shares of the energy company’s stock valued at $14,435,000 after buying an additional 4,720 shares in the last quarter. Captrust Financial Advisors raised its stake in Shell by 30.4% in the fourth quarter. Captrust Financial Advisors now owns 180,630 shares of the energy company’s stock valued at $13,273,000 after buying an additional 42,129 shares during the last quarter. Finally, Adell Harriman & Carpenter Inc. boosted its holdings in Shell by 4.7% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 156,733 shares of the energy company’s stock worth $11,517,000 after acquiring an additional 7,083 shares in the last quarter. 28.60% of the stock is currently 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.