Shell (NYSE:SHEL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Shell (NYSE:SHEL) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

SHEL has been the topic of a number of other reports. HSBC upgraded Shell from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Mizuho initiated coverage on Shell in a research report on Monday, July 20th. They set a “neutral” rating and a $98.00 price target for the company. Scotiabank boosted their price target on Shell from $91.00 to $122.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Jefferies Financial Group lifted their target price on Shell to $122.40 and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, Zacks Research downgraded shares of Shell from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Five 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 currently has an average rating of “Hold” and an average price target of $98.19.

Shell Price Performance

Shell stock opened at $86.45 on Friday. The firm has a 50-day moving average of $83.35 and a two-hundred day moving average of $83.64. 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 1 year low of $68.63 and a 1 year high of $94.90. The stock has a market cap of $242.37 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 0.59 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $77.54 billion. On average, research analysts forecast that Shell will post 9.81 earnings per share for the current year.

Institutional Investors Weigh In On Shell

Several hedge funds have recently bought and sold shares of SHEL. Brighton Jones LLC grew its position in Shell by 51.7% during 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 during the period. Beese Fulmer Investment Management Inc. lifted its position in Shell by 111.5% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 42,090 shares of the energy company’s stock valued at $3,093,000 after buying an additional 22,187 shares during the last quarter. Integrated Investment Consultants LLC boosted its position 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 buying an additional 16,251 shares during the period. 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 worth $3,135,000 after purchasing an additional 23,243 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 valued at $11,517,000 after purchasing an additional 7,083 shares in the last quarter. Hedge funds and other 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.