Shell (NYSE:SHEL) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shell PLC Unsponsored ADR (NYSE:SHEL)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $84.63 and traded as high as $89.13. Shell shares last traded at $88.4370, with a volume of 4,423,662 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SHEL shares. Wells Fargo & Company boosted their target price on shares of Shell from $100.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Weiss Ratings upgraded Shell from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Wall Street Zen raised Shell from a “buy” rating to a “strong-buy” rating in a report on Saturday. HSBC upgraded Shell from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Finally, Zacks Research lowered shares of Shell from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Five investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $102.17.

Shell Trading Down 1.3%

The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.43. The stock has a market cap of $247.94 billion, a P/E ratio of 9.76, a P/E/G ratio of 0.58 and a beta of 0.05. The stock has a 50-day moving average price of $84.02 and a 200-day moving average price of $84.63.

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 analysts’ consensus estimates of $3.23 by $0.29. The business had revenue of $94.66 billion for the quarter, compared to the consensus estimate of $86.22 billion. Shell had a net margin of 8.55% and a return on equity of 14.34%. On average, equities research analysts expect that Shell PLC Unsponsored ADR will post 10.31 EPS for the current year.

Institutional Trading of Shell

A number of hedge funds have recently bought and sold shares of the company. Colonial Trust Advisors boosted its stake in shares of Shell by 9.5% in the 4th quarter. Colonial Trust Advisors now owns 1,488 shares of the energy company’s stock valued at $109,000 after purchasing an additional 129 shares in the last quarter. Financial Management Professionals Inc. increased its stake in shares of Shell by 2.9% in the second quarter. Financial Management Professionals Inc. now owns 4,800 shares of the energy company’s stock worth $372,000 after buying an additional 137 shares during the period. Cornerstone Planning Group LLC grew its stake in shares of Shell by 14.1% in the first 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 during the last quarter. LRI Investments LLC increased its stake in shares of Shell by 25.1% during the fourth quarter. LRI Investments LLC now owns 846 shares of the energy company’s stock valued at $62,000 after buying an additional 170 shares during the period. Finally, NBC Securities Inc. increased its position in Shell by 1.9% during the 4th quarter. NBC Securities Inc. now owns 9,552 shares of the energy company’s stock valued at $702,000 after purchasing an additional 176 shares during the period. Institutional investors own 28.60% of the company’s stock.

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.