Shell PLC Unsponsored ADR (NYSE:SHEL) Stock Has Average Target Price of $107.08

Shell PLC Unsponsored ADR (NYSE:SHEL) has earned a consensus rating of “Moderate Buy” from the twenty-two analysts that are presently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $107.08.

Several analysts have recently issued reports on SHEL shares. The Goldman Sachs Group reissued a “buy” rating on shares of Shell in a research report on Monday, November 2nd. Weiss Ratings upgraded shares of Shell from a “buy (a-)” rating to a “buy (a)” rating in a report on Friday, October 30th. Wall Street Zen upgraded shares of Shell from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Shell in a research note on Thursday, October 29th. Finally, Zacks Research upgraded shares of Shell from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th.

Institutional Trading of Shell

Several hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its position in Shell by 1.9% during the 2nd quarter. Bank of America Corp DE now owns 7,709,715 shares of the energy company’s stock worth $597,811,000 after purchasing an additional 146,988 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Shell by 7.9% in the second quarter. Envestnet Asset Management Inc. now owns 2,352,694 shares of the energy company’s stock valued at $182,425,000 after purchasing an additional 171,873 shares during the period. Palogic Value Management L.P. raised its holdings in shares of Shell by 31.4% in the second quarter. Palogic Value Management L.P. now owns 54,698 shares of the energy company’s stock valued at $4,241,000 after buying an additional 13,080 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Shell by 86.6% in the third quarter. IFP Advisors Inc now owns 25,800 shares of the energy company’s stock valued at $2,452,000 after buying an additional 11,974 shares during the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in shares of Shell during the second quarter worth about $854,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Price Performance

SHEL stock opened at $99.03 on Thursday. The business’s fifty day moving average price is $99.09 and its 200 day moving average price is $88.88. Shell has a 12-month low of $68.63 and a 12-month high of $109.37. The company has a current ratio of 1.38, a quick ratio of 1.09 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $283.71 billion, a PE ratio of 8.60, a P/E/G ratio of 0.83 and a beta of 0.07.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, October 29th. The energy company reported $3.86 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.26. The company had revenue of $92.85 billion during the quarter, compared to analysts’ expectations of $93.25 billion. Shell had a return on equity of 16.86% and a net margin of 9.96%. On average, sell-side analysts anticipate that Shell will post 12.29 EPS for the current year.

Shell declared that its board has approved a stock buyback program on Thursday, October 29th that allows the company to repurchase $5 billion in outstanding shares. This repurchase authorization allows the energy company to buy up to 1.7% of its shares through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its stock is undervalued.

Shell Company Profile

Shell plc is a global energy company engaged in the exploration and production of oil and natural gas, natural gas liquefaction and marketing, and the refining and sale of fuels and other products. Its businesses also include chemicals, power and energy solutions, including lower-carbon offerings such as biofuels, hydrogen and electric-vehicle charging.

The company serves customers and operates across regions worldwide. Its products and services reach consumers, businesses and industrial customers through activities such as fuel retailing, natural gas supply, chemicals production and energy trading.

Shell traces its history to the 1907 merger of Royal Dutch Petroleum and the U.K.’s Shell Transport and Trading Company.