Analysts Set Shell PLC Unsponsored ADR (NYSE:SHEL) Target Price at $97.33

Shares of Shell PLC Unsponsored ADR (NYSE:SHEL) have earned a consensus recommendation of “Hold” from the twenty analysts that are currently covering the firm, Marketbeat Ratings reports. Thirteen equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $97.3286.

SHEL has been the topic of a number of analyst reports. Zacks Research upgraded Shell from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Rothschild & Co Redburn cut Shell from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Piper Sandler upped their price target on Shell from $89.00 to $106.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Morgan Stanley cut Shell from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 24th. Finally, Scotiabank upped their price target on Shell from $91.00 to $122.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd.

Institutional Trading of Shell

Several large investors have recently made changes to their positions in the business. Natixis Advisors LLC grew its holdings in shares of 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 purchasing an additional 167,983 shares during the last quarter. Great Lakes Advisors LLC grew its holdings in shares of Shell by 0.5% during the third quarter. Great Lakes Advisors LLC now owns 596,972 shares of the energy company’s stock worth $42,701,000 after purchasing an additional 3,084 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of 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 purchasing an additional 677,746 shares during the last quarter. Allied Investment Advisors LLC lifted its stake in shares of Shell by 2.5% during the fourth quarter. Allied Investment Advisors LLC now owns 196,452 shares of the energy company’s stock valued at $14,435,000 after acquiring an additional 4,720 shares during the period. Finally, Captrust Financial Advisors lifted its stake in shares of Shell by 30.4% during the fourth quarter. Captrust Financial Advisors now owns 180,630 shares of the energy company’s stock valued at $13,273,000 after acquiring an additional 42,129 shares during the period. Institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

SHEL opened at $86.79 on Thursday. The stock’s 50 day simple moving average is $89.56 and its 200-day simple moving average is $80.46. Shell has a 1 year low of $65.38 and a 1 year high of $94.90. The stock has a market cap of $243.31 billion, a PE ratio of 13.52, a P/E/G ratio of 0.47 and a beta of 0.08. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.38.

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

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.