Shell (NYSE:SHEL) Announces Earnings Results

Shell (NYSE:SHEL) announced its quarterly earnings data on Friday, May 8th. The energy company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.30, Zacks reports. Shell had a return on equity of 11.18% and a net margin of 6.85%.The firm had revenue of $69.69 billion during the quarter, compared to analyst estimates of $77.54 billion.

Shell Stock Up 1.4%

Shares of SHEL stock opened at $85.32 on Tuesday. Shell has a 12 month low of $66.82 and a 12 month high of $94.90. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The firm has a market cap of $239.19 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 0.44 and a beta of 0.08. The stock has a 50 day moving average of $88.83 and a 200-day moving average of $81.02.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SHEL. Morgan Stanley cut shares of Shell from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 24th. Wells Fargo & Company boosted their price target on Shell from $77.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. Jefferies Financial Group upped their price target on Shell to $122.40 and gave the stock a “buy” rating in a research note on Thursday, May 21st. BNP Paribas Exane set a $101.00 price objective on Shell and gave the company a “neutral” rating in a research note on Friday, April 17th. Finally, Scotiabank upped their target price on Shell from $91.00 to $122.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Six investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $100.46.

Institutional Trading of Shell

A number of hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors increased its holdings in shares of Shell by 30.4% during the 4th quarter. Captrust Financial Advisors now owns 180,630 shares of the energy company’s stock worth $13,273,000 after purchasing an additional 42,129 shares during the period. AQR Capital Management LLC increased its stake in Shell by 70.1% during the first quarter. AQR Capital Management LLC now owns 32,564 shares of the energy company’s stock valued at $2,386,000 after acquiring an additional 13,419 shares during the period. Arkadios Wealth Advisors raised its holdings in Shell by 11.4% in the 4th quarter. Arkadios Wealth Advisors now owns 42,598 shares of the energy company’s stock valued at $3,130,000 after acquiring an additional 4,347 shares in the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Shell in the 4th quarter worth approximately $248,000. Finally, IHT Wealth Management LLC increased its position in shares of Shell by 31.6% during the second quarter. IHT Wealth Management LLC now owns 11,900 shares of the energy company’s stock valued at $838,000 after purchasing an additional 2,857 shares during the period. 28.60% of the stock is owned by institutional investors.

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.