Analysts Set Shell PLC Unsponsored ADR (NYSE:SHEL) PT at $106.77

Shell PLC Unsponsored ADR (NYSE:SHEL) has earned a consensus rating of “Hold” from the eighteen brokerages that are presently covering the company, MarketBeat.com reports. Twelve equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $106.7714.

Several research firms recently weighed in on SHEL. Wall Street Zen upgraded Shell from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Jefferies Financial Group boosted their target price on shares of Shell to $122.40 and gave the company a “buy” rating in a report on Thursday, May 21st. Piper Sandler increased their price target on shares of Shell from $88.00 to $89.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. HSBC raised shares of Shell from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Finally, Mizuho initiated coverage on shares of Shell in a report on Monday, July 20th. They issued a “neutral” rating and a $98.00 price objective on the stock.

Institutional Investors Weigh In On Shell

Several hedge funds have recently added to or reduced their stakes in the stock. Cibc World Market Inc. increased its holdings in shares of Shell by 66.3% during the second quarter. Cibc World Market Inc. now owns 586,039 shares of the energy company’s stock valued at $45,441,000 after acquiring an additional 233,634 shares in the last quarter. Van ECK Associates Corp boosted its stake in Shell by 44.3% in the 2nd quarter. Van ECK Associates Corp now owns 643,152 shares of the energy company’s stock worth $49,870,000 after purchasing an additional 197,551 shares in the last quarter. Cullen Capital Management LLC grew its position in Shell by 50.0% during the 2nd quarter. Cullen Capital Management LLC now owns 448,464 shares of the energy company’s stock valued at $34,774,000 after purchasing an additional 149,430 shares during the last quarter. Bank of America Corp DE increased its stake in Shell by 1.9% during 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. Finally, Thornburg Investment Management Inc. raised its holdings in Shell by 100.3% in the second quarter. Thornburg Investment Management Inc. now owns 228,036 shares of the energy company’s stock worth $17,682,000 after buying an additional 114,162 shares during the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Price Performance

SHEL stock opened at $90.91 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.12. Shell has a 1 year low of $68.63 and a 1 year high of $94.90. The firm has a 50-day moving average of $86.20 and a 200 day moving average of $86.34. The company has a market cap of $254.87 billion, a P/E ratio of 10.03, a PEG ratio of 0.59 and a beta of 0.05.

Shell (NYSE:SHEL) last posted its quarterly earnings data 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 business had revenue of $94.66 billion for the quarter, compared to analysts’ expectations of $86.22 billion. On average, sell-side analysts forecast that Shell will post 10.36 EPS for the current year.

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.