Zacks Research Upgrades Shell (NYSE:SHEL) to Strong-Buy

Shell (NYSE:SHELGet Free Report) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts also recently commented on the company. TD Cowen dropped their price objective on Shell from $112.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Piper Sandler increased their price objective on Shell from $89.00 to $106.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Wells Fargo & Company increased their price objective on Shell from $77.00 to $94.00 and gave the stock an “equal weight” rating in a report on Thursday, April 9th. Weiss Ratings upgraded Shell from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th. Finally, Morgan Stanley cut Shell from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 24th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $91.55.

View Our Latest Analysis on Shell

Shell Trading Down 1.3%

NYSE:SHEL opened at $91.36 on Monday. The stock’s 50 day moving average price is $86.09 and its 200 day moving average price is $78.06. Shell has a 52 week low of $62.58 and a 52 week high of $94.90. The company has a market capitalization of $258.72 billion, a P/E ratio of 15.23, a P/E/G ratio of 0.53 and a beta of 0.10. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 1.30.

Shell (NYSE:SHELGet Free Report) last released its quarterly earnings data on Friday, February 6th. The energy company reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.07). Shell had a return on equity of 10.34% and a net margin of 6.52%.The firm had revenue of $64.09 billion during the quarter, compared to analyst estimates of $65.82 billion. On average, research analysts forecast that Shell will post 7.67 EPS for the current fiscal year.

Institutional Investors Weigh In On Shell

Large investors have recently added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC bought a new stake in Shell during the fourth quarter worth approximately $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Shell during the third quarter worth approximately $31,000. Grey Fox Wealth Advisors LLC bought a new stake in shares of Shell in the third quarter valued at approximately $34,000. Zions Bancorporation National Association UT boosted its position in shares of Shell by 186.7% in the fourth quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company’s stock valued at $35,000 after acquiring an additional 308 shares during the period. Finally, Nalls Sherbakoff Group LLC bought a new stake in shares of Shell in the fourth quarter valued at approximately $36,000. Institutional investors own 28.60% of the company’s stock.

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About Shell

(Get Free Report)

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.

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