Shell (NYSE:SHEL) Raised to Buy at Erste Group Bank

Shell (NYSE:SHEL) was upgraded by investment analysts at Erste Group Bank from a “hold” rating to a “buy” rating in a research report issued on Thursday.

A number of other equities research analysts also recently issued reports on the stock. Jefferies Financial Group increased their target price on shares of Shell to $122.40 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Piper Sandler boosted their target price on Shell from $88.00 to $89.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Wall Street Zen raised Shell from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. TD Cowen reissued a “buy” rating on shares of Shell in a research note on Thursday, July 2nd. Finally, Zacks Research lowered shares of Shell from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Six equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $106.77.

Shell Stock Down 0.8%

Shares of Shell stock traded down $0.77 during midday trading on Thursday, hitting $90.34. The company’s stock had a trading volume of 3,197,288 shares, compared to its average volume of 7,012,126. The firm has a market capitalization of $253.27 billion, a P/E ratio of 9.97, a PEG ratio of 0.60 and a beta of 0.05. Shell has a 1-year low of $68.63 and a 1-year high of $94.90. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The stock has a 50-day simple moving average of $85.72 and a 200-day simple moving average of $86.20.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Friday, July 31st. The energy company reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.29. The firm had revenue of $94.66 billion during the quarter, compared to the consensus estimate of $86.22 billion. Shell had a return on equity of 14.34% and a net margin of 8.55%. As a group, sell-side analysts expect that Shell will post 10.36 earnings per share for the current year.

Institutional Trading of Shell

Hedge funds have recently added to or reduced their stakes in the business. Colonial Trust Advisors boosted its holdings in Shell by 9.5% in the fourth quarter. Colonial Trust Advisors now owns 1,488 shares of the energy company’s stock worth $109,000 after purchasing an additional 129 shares during the period. PFG Private Wealth Management LLC boosted its holdings in shares of Shell by 3.8% in the 2nd quarter. PFG Private Wealth Management LLC now owns 3,578 shares of the energy company’s stock valued at $277,000 after buying an additional 130 shares during the period. Financial Management Professionals Inc. grew its position in shares of Shell by 2.9% during 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 during the last quarter. Plan A Wealth LLC raised its stake in Shell by 1.7% during the second quarter. Plan A Wealth LLC now owns 8,619 shares of the energy company’s stock worth $668,000 after acquiring an additional 140 shares during the period. Finally, Cornerstone Planning Group LLC boosted its stake in Shell by 14.1% in the first quarter. Cornerstone Planning Group LLC now owns 1,215 shares of the energy company’s stock valued at $109,000 after acquiring an additional 150 shares during the period. 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.