Wall Street Zen Downgrades Shell (NYSE:SHEL) to Hold

Shell (NYSE:SHEL) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

Several other equities analysts also recently issued reports on SHEL. Weiss Ratings downgraded shares of Shell from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 5th. Jefferies Financial Group reiterated a “buy” rating on shares of Shell in a research report on Thursday, January 8th. Royal Bank Of Canada cut shares of Shell from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 26th. Bank of America cut Shell from a “buy” rating to a “neutral” rating in a report on Friday, December 5th. Finally, Piper Sandler boosted their price objective on Shell from $89.00 to $106.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $84.05.

Shell Price Performance

SHEL opened at $90.69 on Friday. The firm has a market cap of $256.83 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 1.96 and a beta of 0.14. The company’s 50-day moving average price is $80.42 and its 200 day moving average price is $75.75. Shell has a fifty-two week low of $58.54 and a fifty-two week high of $92.95. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 0.38.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, February 5th. The energy company reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.07). The company had revenue of $64.09 billion for the quarter, compared to analyst estimates of $65.82 billion. Shell had a return on equity of 10.34% and a net margin of 6.52%. As a group, sell-side analysts expect that Shell will post 7.67 earnings per share for the current year.

Institutional Trading of Shell

A number of institutional investors have recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Shell during the fourth quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. acquired a new stake in Shell in the third quarter worth approximately $31,000. Grey Fox Wealth Advisors LLC bought a new position in Shell during the 3rd quarter valued at $34,000. Zions Bancorporation National Association UT increased its position in shares of Shell by 186.7% during 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. Finally, Nalls Sherbakoff Group LLC bought a new stake in shares of Shell in the 4th quarter worth $36,000. 28.60% of the stock is owned by institutional investors and hedge funds.

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.