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

Shares of Shell PLC Unsponsored ADR (NYSE:SHEL) have received a consensus rating of “Hold” from the eighteen research firms that are presently covering the stock, Marketbeat reports. Eleven research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $107.4625.

SHEL has been the topic of several recent research reports. Weiss Ratings raised shares of Shell from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Wells Fargo & Company raised their price target on Shell from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Erste Group Bank upgraded Shell from a “hold” rating to a “buy” rating in a report on Thursday, August 27th. Mizuho started coverage on Shell in a research report on Monday, July 20th. They set a “neutral” rating and a $98.00 target price for the company. Finally, Morgan Stanley set a $101.30 price objective on shares of Shell and gave the company an “overweight” rating in a report on Thursday, September 3rd.

Shell Stock Performance

Shell stock opened at $94.54 on Wednesday. The stock has a 50-day simple moving average of $90.95 and a 200 day simple moving average of $87.91. The stock has a market capitalization of $265.05 billion, a price-to-earnings ratio of 10.43, a P/E/G ratio of 0.82 and a beta of 0.05. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. Shell has a 12-month low of $68.63 and a 12-month 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, 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. On average, research analysts anticipate that Shell will post 10.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Shell

Several institutional investors and hedge funds have recently modified their holdings of SHEL. PFG Private Wealth Management LLC raised its holdings in Shell by 3.8% during the 2nd quarter. PFG Private Wealth Management LLC now owns 3,578 shares of the energy company’s stock worth $277,000 after buying an additional 130 shares during the period. Financial Management Professionals Inc. lifted its position 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 in the last quarter. Plan A Wealth LLC boosted its stake in Shell by 1.7% in the 2nd quarter. Plan A Wealth LLC now owns 8,619 shares of the energy company’s stock worth $668,000 after purchasing an additional 140 shares during the period. Cornerstone Planning Group LLC increased its holdings in Shell by 14.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 1,215 shares of the energy company’s stock worth $109,000 after purchasing an additional 150 shares in the last quarter. Finally, Denali Advisors LLC grew its holdings in shares of Shell by 1.7% during the second quarter. Denali Advisors LLC now owns 10,935 shares of the energy company’s stock worth $848,000 after buying an additional 182 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

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.