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

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

A number of other analysts also recently weighed in on SHEL. TD Cowen reissued a “buy” rating on shares of Shell in a report on Thursday, July 2nd. Zacks Research cut shares of Shell from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Wall Street Zen raised Shell from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Wells Fargo & Company lifted their price objective on Shell from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Finally, HSBC raised Shell from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Six equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $106.77.

Shell Stock Performance

Shell stock traded down $0.77 on Thursday, reaching $90.34. 3,197,288 shares of the stock were exchanged, compared to its average volume of 7,012,126. The stock has a market cap of $253.27 billion, a PE ratio of 9.97, a PEG ratio of 0.60 and a beta of 0.05. The firm has a fifty day moving average price of $85.72 and a two-hundred day moving average price of $86.20. Shell has a twelve month low of $68.63 and a twelve month high of $94.90. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36.

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

Institutional Trading of Shell

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Shell during the fourth quarter worth approximately $26,000. Continuum Advisory LLC acquired a new position in Shell during the 2nd quarter worth $34,000. Zions Bancorporation National Association UT increased its stake in shares of Shell by 186.7% in the 4th quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company’s stock valued at $35,000 after buying an additional 308 shares during the period. Nalls Sherbakoff Group LLC acquired a new position in Shell in the fourth quarter valued at about $36,000. Finally, Kilter Group LLC increased its position in Shell by 83.1% during the second quarter. Kilter Group LLC now owns 498 shares of the energy company’s stock worth $39,000 after buying an additional 226 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

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.