Shell (NYSE:SHEL) Upgraded at Wall Street Zen

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

Several other equities analysts have also recently commented on SHEL. Erste Group Bank reaffirmed a “hold” rating on shares of Shell in a report on Tuesday, May 5th. Jefferies Financial Group boosted their price objective on Shell to $122.40 and gave the company a “buy” rating in a research report on Thursday, May 21st. Zacks Research lowered Shell from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. BNP Paribas Exane set a $101.00 price target on shares of Shell and gave the stock a “neutral” rating in a research note on Friday, April 17th. Finally, Weiss Ratings raised shares of Shell from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Five 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.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $102.17.

Shell Stock Performance

NYSE SHEL opened at $89.97 on Friday. The company’s fifty day moving average is $84.11 and its two-hundred day moving average is $84.82. Shell has a 52-week low of $68.63 and a 52-week high of $94.90. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.12. The firm has a market capitalization of $252.23 billion, a price-to-earnings ratio of 9.93, a P/E/G ratio of 0.58 and a beta of 0.05.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Friday, July 31st. The energy company reported $3.52 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.29. Shell had a net margin of 8.55% and a return on equity of 14.34%. The business had revenue of $94.66 billion during the quarter, compared to analyst estimates of $86.22 billion. Equities research analysts forecast that Shell will post 10.31 EPS for the current year.

Institutional Trading of Shell

A number of large investors have recently bought and sold shares of the stock. Brighton Jones LLC increased its position in shares of Shell by 51.7% during the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock worth $468,000 after purchasing an additional 2,545 shares in the last quarter. AQR Capital Management LLC boosted its stake in Shell by 70.1% in the first quarter. AQR Capital Management LLC now owns 32,564 shares of the energy company’s stock worth $2,386,000 after purchasing an additional 13,419 shares in the last quarter. IHT Wealth Management LLC raised its holdings in shares of Shell by 31.6% in the second quarter. IHT Wealth Management LLC now owns 11,900 shares of the energy company’s stock valued at $838,000 after buying an additional 2,857 shares during the last quarter. Captrust Financial Advisors increased its position in Shell by 5.5% in the 2nd quarter. Captrust Financial Advisors now owns 137,086 shares of the energy company’s stock valued at $9,652,000 after acquiring an additional 7,179 shares in the last quarter. Finally, Horizon Investments LLC lifted its position in shares of Shell by 6.4% during the third quarter. Horizon Investments LLC now owns 3,521 shares of the energy company’s stock worth $252,000 after purchasing an additional 211 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors.

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.