Shell (NYSE:SHEL) Research Coverage Started at Mizuho

Mizuho started coverage on shares of Shell (NYSE:SHEL) in a report released on Monday morning, Marketbeat.com reports. The firm issued a neutral rating and a $98.00 target price on the energy company’s stock.

SHEL has been the topic of several other research reports. Wall Street Zen cut Shell from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Erste Group Bank restated a “hold” rating on shares of Shell in a research note on Tuesday, May 5th. Jefferies Financial Group lifted their price objective on shares of Shell to $122.40 and gave the stock a “buy” rating in a report on Thursday, May 21st. Scotiabank upped 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. Finally, TD Cowen reissued a “buy” rating on shares of Shell in a research report on Thursday, July 2nd. Six investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $100.19.

Shell Trading Up 0.7%

SHEL opened at $87.85 on Monday. Shell has a fifty-two week low of $68.63 and a fifty-two week high of $94.90. The firm has a market capitalization of $246.28 billion, a PE ratio of 13.68, a P/E/G ratio of 0.61 and a beta of 0.06. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.97. The company’s 50-day moving average is $83.26 and its 200 day moving average is $83.36.

Shell (NYSE:SHEL) last released 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. The business had revenue of $69.69 billion during the quarter, compared to the consensus estimate of $77.54 billion. Shell had a return on equity of 11.18% and a net margin of 6.85%. As a group, research analysts predict that Shell will post 9.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Financial Management Professionals Inc. raised its stake 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 acquiring an additional 137 shares during the period. Allied Private Wealth LLC bought a new position in Shell during the second quarter worth about $43,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Shell by 729.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,899 shares of the energy company’s stock worth $147,000 after purchasing an additional 1,670 shares in the last quarter. Red Spruce Capital LLC lifted its stake in shares of Shell by 1.2% during the 2nd quarter. Red Spruce Capital LLC now owns 21,069 shares of the energy company’s stock valued at $1,634,000 after buying an additional 254 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Shell by 10.3% in the 2nd quarter. GAMMA Investing LLC now owns 14,412 shares of the energy company’s stock worth $1,118,000 after buying an additional 1,350 shares during the period. 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.