Shell’s (SHEL) Hold Rating Reaffirmed at Erste Group Bank

Shell (NYSE:SHEL)‘s stock had its “hold” rating reissued by Erste Group Bank in a report released on Tuesday, Marketbeat Ratings reports.

Other analysts have also issued reports about the stock. Wall Street Zen lowered shares of Shell from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Royal Bank Of Canada lowered Shell from an “outperform” rating to a “sector perform” rating in a research note on Monday, January 26th. Jefferies Financial Group reissued a “buy” rating on shares of Shell in a research note on Thursday, January 8th. Scotiabank boosted their target price on shares of Shell from $91.00 to $122.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Finally, Wells Fargo & Company boosted their target price on shares of Shell from $77.00 to $94.00 and gave the company an “equal weight” rating in a research note on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $97.33.

Shell Stock Performance

Shares of SHEL opened at $89.26 on Tuesday. The company has a 50-day moving average of $88.67 and a two-hundred day moving average of $79.43. The stock has a market cap of $252.77 billion, a P/E ratio of 14.88, a PEG ratio of 0.48 and a beta of 0.08. Shell has a 12-month low of $64.81 and a 12-month high of $94.90. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 0.38.

Shell (NYSE:SHEL) last released its quarterly earnings results on Friday, February 6th. The energy company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.07). The business had revenue of $64.09 billion during the quarter, compared to analyst estimates of $65.82 billion. Shell had a net margin of 6.52% and a return on equity of 10.34%. As a group, research analysts predict that Shell will post 9.97 EPS for the current fiscal year.

Hedge Funds Weigh In On Shell

Several large investors have recently added to or reduced their stakes in SHEL. SG Americas Securities LLC lifted its position in Shell by 187.5% during the fourth quarter. SG Americas Securities LLC now owns 316,216 shares of the energy company’s stock worth $23,236,000 after buying an additional 677,746 shares during the period. Natixis Advisors LLC lifted its position in Shell by 13.2% during the third quarter. Natixis Advisors LLC now owns 1,445,346 shares of the energy company’s stock worth $103,386,000 after buying an additional 167,983 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its position in Shell by 452.6% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 74,296 shares of the energy company’s stock worth $6,910,000 after buying an additional 60,850 shares during the period. Captrust Financial Advisors lifted its position in Shell by 30.4% during the fourth quarter. Captrust Financial Advisors now owns 180,630 shares of the energy company’s stock worth $13,273,000 after buying an additional 42,129 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Shell by 119.7% during the fourth quarter. Farther Finance Advisors LLC now owns 42,664 shares of the energy company’s stock worth $3,135,000 after buying an additional 23,243 shares during the period. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

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.