Shell (NYSE:SHEL) Hits New 12-Month High – What’s Next?

Shell PLC Unsponsored ADR (NYSE:SHEL)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $79.72 and last traded at $79.8240, with a volume of 2787655 shares changing hands. The stock had previously closed at $77.90.

Analyst Ratings Changes

Several brokerages recently weighed in on SHEL. Piper Sandler cut their price objective on shares of Shell from $93.00 to $89.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Weiss Ratings lowered shares of Shell from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 2nd. Wall Street Zen cut shares of Shell from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Bank of America lowered Shell from a “buy” rating to a “neutral” rating in a report on Friday, December 5th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Shell in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, Shell has an average rating of “Hold” and an average target price of $81.33.

Shell Stock Performance

The stock has a market cap of $229.89 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 5.82 and a beta of 0.16. The stock’s 50-day simple moving average is $73.76 and its two-hundred day simple moving average is $73.37. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 1.30.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, February 5th. The energy company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.64). The business had revenue of $64.09 billion for the quarter, compared to analyst estimates of $65.82 billion. Shell had a return on equity of 10.34% and a net margin of 6.52%. Analysts forecast that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Westside Investment Management Inc. acquired a new position in shares of Shell during the second quarter valued at about $25,000. Kohmann Bosshard Financial Services LLC acquired a new position in Shell in the 4th quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Shell during the 3rd quarter worth approximately $31,000. Grey Fox Wealth Advisors LLC bought a new stake in shares of Shell during the third quarter valued at approximately $34,000. Finally, Salomon & Ludwin LLC raised its stake in shares of Shell by 50.5% in the second quarter. Salomon & Ludwin LLC now owns 480 shares of the energy company’s stock valued at $35,000 after purchasing an additional 161 shares in the last quarter. 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.