Shell (NYSE:SHEL) Research Coverage Started at Piper Sandler

Piper Sandler started coverage on shares of Shell (NYSE:SHEL) in a report published on Thursday morning, Marketbeat Ratings reports. The firm issued a neutral rating and a $88.00 price target on the energy company’s stock.

A number of other analysts have also recently issued reports on the stock. BNP Paribas Exane set a $101.00 target price on shares of Shell and gave the stock a “neutral” rating in a research note on Friday, April 17th. Wall Street Zen cut shares of Shell from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Wells Fargo & Company raised their price objective on shares of Shell from $77.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. Mizuho assumed coverage on Shell in a research report on Monday, July 20th. They issued a “neutral” rating and a $98.00 target price on the stock. Finally, Rothschild & Co Redburn lowered Shell from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Five investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, Shell currently has an average rating of “Hold” and a consensus target price of $98.19.

Shell Trading Up 0.5%

Shares of NYSE:SHEL opened at $88.41 on Thursday. The firm has a market cap of $247.86 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 0.62 and a beta of 0.06. Shell has a 12 month low of $68.63 and a 12 month high of $94.90. The company’s fifty day simple moving average is $83.39 and its 200 day simple moving average is $83.49. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.38.

Shell (NYSE:SHEL) last issued its quarterly earnings results 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. 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. As a group, research analysts forecast that Shell will post 9.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Brighton Jones LLC raised its position in shares of Shell by 51.7% in the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock valued at $468,000 after buying an additional 2,545 shares in the last quarter. Beese Fulmer Investment Management Inc. increased its stake in Shell by 111.5% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 42,090 shares of the energy company’s stock worth $3,093,000 after acquiring an additional 22,187 shares during the period. Integrated Investment Consultants LLC raised its holdings in Shell by 489.8% in the 4th quarter. Integrated Investment Consultants LLC now owns 19,569 shares of the energy company’s stock valued at $1,438,000 after acquiring an additional 16,251 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Shell by 119.7% during the 4th quarter. Farther Finance Advisors LLC now owns 42,664 shares of the energy company’s stock valued at $3,135,000 after acquiring an additional 23,243 shares during the period. Finally, Adell Harriman & Carpenter Inc. grew its holdings in shares of Shell by 4.7% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 156,733 shares of the energy company’s stock worth $11,517,000 after purchasing an additional 7,083 shares in the last quarter. Institutional investors and hedge funds 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.