Brokerages Set Shell PLC Unsponsored ADR (NYSE:SHEL) Price Target at $107.46

Shell PLC Unsponsored ADR (NYSE:SHEL) has been assigned an average rating of “Hold” from the eighteen analysts that are currently covering the stock, MarketBeat reports. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $107.4625.

A number of brokerages have issued reports on SHEL. Piper Sandler raised their price target on Shell from $89.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. Zacks Research lowered shares of Shell from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Wells Fargo & Company raised their target price on shares of Shell from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Mizuho started coverage on shares of Shell in a research report on Monday, July 20th. They set a “neutral” rating and a $98.00 price target for the company. Finally, Wall Street Zen upgraded shares of Shell from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th.

Institutional Investors Weigh In On Shell

Several institutional investors and hedge funds have recently added to or reduced their stakes in SHEL. Bank of America Corp DE lifted its stake in shares of Shell by 1.9% in the 2nd quarter. Bank of America Corp DE now owns 7,709,715 shares of the energy company’s stock valued at $597,811,000 after purchasing an additional 146,988 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in Shell by 1.5% in the second quarter. First Eagle Investment Management LLC now owns 1,073,265 shares of the energy company’s stock valued at $83,221,000 after buying an additional 16,244 shares during the period. Engineers Gate Manager LP lifted its position in Shell by 300.7% during the second quarter. Engineers Gate Manager LP now owns 840,770 shares of the energy company’s stock valued at $65,193,000 after buying an additional 630,948 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Shell by 5.2% during the second quarter. Jones Financial Companies Lllp now owns 776,654 shares of the energy company’s stock worth $59,445,000 after buying an additional 38,212 shares during the period. Finally, Van ECK Associates Corp increased its position in shares of Shell by 44.3% in the second quarter. Van ECK Associates Corp now owns 643,152 shares of the energy company’s stock worth $49,870,000 after acquiring an additional 197,551 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Performance

NYSE:SHEL opened at $94.54 on Wednesday. The firm has a 50 day simple moving average of $90.95 and a 200-day simple moving average of $87.93. 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 cap of $265.05 billion, a PE ratio of 10.43, a P/E/G ratio of 0.80 and a beta of 0.05. Shell has a 1-year low of $68.63 and a 1-year high of $99.15.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.29. The company had revenue of $94.66 billion for the quarter, compared to analyst estimates of $86.22 billion. Shell had a return on equity of 14.34% and a net margin of 8.55%. On average, equities analysts expect that Shell will post 10.87 EPS for the current year.

About Shell

Shell plc is a global energy company headquartered in London, United Kingdom. Its operations span the exploration, production, processing, trading and marketing of energy resources, including crude oil, natural gas and liquefied natural gas (LNG).

The company also operates refineries, petrochemical and chemical businesses, fuel stations and other energy-marketing activities. Through its Energy Solutions operations, Shell provides renewable power, electric-vehicle charging, energy-efficiency services and lower-carbon fuels, while continuing to develop technologies and projects intended to reduce emissions from energy production and use.

Shell traces its history to the Royal Dutch Petroleum Company and the Shell Transport and Trading Company, which combined their operations in 1907.