Shell (NYSE:SHEL) Stock Rating Lowered by Bank of America

Shell (NYSE:SHEL) was downgraded by equities research analysts at Bank of America from a “buy” rating to a “neutral” rating in a research note issued on Friday,Finviz reports.

Other analysts also recently issued reports about the stock. Citigroup reiterated a “neutral” rating on shares of Shell in a report on Monday, November 3rd. Wall Street Zen raised Shell from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Jefferies Financial Group raised Shell to a “strong-buy” rating in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Shell in a research note on Monday. Finally, Cowen reiterated a “buy” rating on shares of Shell in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.91.

Shell Stock Down 0.9%

Shares of SHEL opened at $74.46 on Friday. The business’s 50 day moving average is $73.98 and its 200 day moving average is $72.03. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. Shell has a 12-month low of $58.54 and a 12-month high of $77.47. The company has a market capitalization of $215.18 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 1.49 and a beta of 0.16.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, October 30th. The energy company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.14. Shell had a net margin of 5.34% and a return on equity of 10.49%. The business had revenue of $68.15 billion during the quarter, compared to analyst estimates of $70.50 billion. Research analysts expect that Shell will post 7.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Shell

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Westside Investment Management Inc. acquired a new position in Shell in the 2nd quarter valued at about $25,000. Truvestments Capital LLC boosted its stake in shares of Shell by 102.9% in the first quarter. Truvestments Capital LLC now owns 420 shares of the energy company’s stock valued at $31,000 after purchasing an additional 213 shares during the period. Steigerwald Gordon & Koch Inc. purchased a new stake in Shell during the 3rd quarter worth approximately $31,000. Grey Fox Wealth Advisors LLC acquired a new stake in Shell during the 3rd quarter worth approximately $34,000. Finally, Salomon & Ludwin LLC boosted its position in Shell by 50.5% in the 2nd quarter. Salomon & Ludwin LLC now owns 480 shares of the energy company’s stock valued at $35,000 after buying an additional 161 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

About Shell

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.