Shell (NYSE:SHEL) Coverage Initiated at Mizuho

Analysts at Mizuho initiated coverage on shares of Shell (NYSE:SHEL) in a research note issued on Monday, Marketbeat reports. The brokerage set a “neutral” rating and a $98.00 price target on the energy company’s stock. Mizuho’s price target would suggest a potential upside of 12.18% from the company’s previous close.

Other analysts also recently issued reports about the company. Rothschild & Co Redburn downgraded Shell from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Wall Street Zen downgraded Shell from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Weiss Ratings lowered Shell from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Zacks Research downgraded shares of Shell from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, Scotiabank lifted their target price on shares of Shell from $91.00 to $122.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Six equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $100.19.

Shell Stock Performance

Shares of SHEL stock opened at $87.36 on Monday. Shell has a 52 week low of $68.63 and a 52 week high of $94.90. The firm’s 50-day simple moving average is $83.15 and its two-hundred day simple moving average is $83.08. The firm has a market cap of $244.91 billion, a price-to-earnings ratio of 13.61, a P/E/G ratio of 0.62 and a beta of 0.06. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.97 and a current ratio of 1.27.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Friday, May 8th. The energy company reported $2.44 earnings per share (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 analyst estimates of $77.54 billion. As a group, equities analysts forecast that Shell will post 9.35 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Colonial Trust Advisors grew its holdings in Shell by 9.5% in the 4th quarter. Colonial Trust Advisors now owns 1,488 shares of the energy company’s stock worth $109,000 after buying an additional 129 shares in the last quarter. Financial Management Professionals Inc. grew its position in Shell by 2.9% in the 2nd quarter. Financial Management Professionals Inc. now owns 4,800 shares of the energy company’s stock valued at $372,000 after buying an additional 137 shares in the last quarter. Cornerstone Planning Group LLC increased its stake in Shell by 14.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 1,215 shares of the energy company’s stock valued at $109,000 after buying an additional 150 shares during the period. LRI Investments LLC raised its position in shares of Shell by 25.1% during the 4th quarter. LRI Investments LLC now owns 846 shares of the energy company’s stock worth $62,000 after buying an additional 170 shares in the last quarter. Finally, NBC Securities Inc. boosted its holdings in shares of Shell by 1.9% in the fourth quarter. NBC Securities Inc. now owns 9,552 shares of the energy company’s stock valued at $702,000 after acquiring an additional 176 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

About Shell

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.