Shell (NYSE:SHEL) Stock Rating Lowered by Zacks Research

Shell (NYSE:SHEL) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research firms have also commented on SHEL. Erste Group Bank reissued a “hold” rating on shares of Shell in a research report on Tuesday, May 5th. Jefferies Financial Group raised their price objective on shares of Shell to $122.40 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Rothschild & Co Redburn cut Shell from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. HSBC raised Shell from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Finally, Morgan Stanley lowered Shell from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 24th. Six investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $100.46.

Shell Trading Down 0.7%

NYSE:SHEL opened at $85.12 on Monday. Shell has a 12 month low of $65.94 and a 12 month high of $94.90. The firm has a market cap of $238.64 billion, a price-to-earnings ratio of 13.26, a P/E/G ratio of 0.45 and a beta of 0.08. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average is $89.42 and its 200-day moving average is $80.78.

Shell (NYSE:SHEL) last released its quarterly earnings results on Friday, May 8th. The energy company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.30. Shell had a net margin of 6.85% and a return on equity of 11.18%. The company had revenue of $69.69 billion for the quarter, compared to analyst estimates of $77.54 billion. Equities analysts anticipate that Shell will post 10.28 EPS for the current year.

Hedge Funds Weigh In On Shell

Several institutional investors and hedge funds have recently modified their holdings of SHEL. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Shell in the 4th quarter valued at approximately $26,000. Zions Bancorporation National Association UT grew its position 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 purchasing an additional 308 shares during the period. Nalls Sherbakoff Group LLC acquired a new position in shares of Shell in the 4th quarter valued at approximately $36,000. Ares Financial Consulting LLC acquired a new position in shares of Shell in the 4th quarter valued at approximately $38,000. Finally, Steigerwald Gordon & Koch Inc. grew its position in shares of Shell by 51.3% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 649 shares of the energy company’s stock valued at $48,000 after purchasing an additional 220 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Company Profile

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.