Shell (NYSE:SHEL) Price Target Increased to $91.00 by Analysts at Wells Fargo & Company

Shell (NYSE:SHEL) had its target price lifted by analysts at Wells Fargo & Company from $88.00 to $91.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the energy company’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 25.74% from the stock’s current price.

Several other brokerages also recently weighed in on SHEL. TD Securities increased their price target on shares of Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday. TheStreet raised shares of Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Shell currently has an average rating of “Moderate Buy” and an average price target of $66.50.

Shell Trading Up 0.4 %

Shell stock opened at $72.37 on Friday. The stock has a market cap of $232.86 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.72 and a beta of 0.59. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 1.40. The stock has a 50-day moving average of $68.43 and a two-hundred day moving average of $66.03. Shell has a one year low of $55.78 and a one year high of $73.94.

Shell (NYSE:SHEL) last released its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.28. Shell had a return on equity of 13.78% and a net margin of 5.83%. The firm had revenue of $80.13 billion for the quarter, compared to the consensus estimate of $89.59 billion. During the same period in the prior year, the firm earned $2.76 EPS. On average, research analysts anticipate that Shell will post 8.22 EPS for the current fiscal year.

Institutional Trading of Shell

A number of institutional investors and hedge funds have recently made changes to their positions in SHEL. Brookstone Capital Management increased its holdings in Shell by 150.5% in the 3rd quarter. Brookstone Capital Management now owns 10,743 shares of the energy company’s stock worth $732,000 after acquiring an additional 6,455 shares in the last quarter. FinTrust Capital Advisors LLC raised its position in shares of Shell by 31.7% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,189 shares of the energy company’s stock worth $77,000 after purchasing an additional 286 shares during the last quarter. Raymond James & Associates lifted its stake in Shell by 21.9% in the 3rd quarter. Raymond James & Associates now owns 995,786 shares of the energy company’s stock valued at $64,109,000 after buying an additional 178,741 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Shell by 11.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 340,523 shares of the energy company’s stock worth $21,923,000 after buying an additional 34,850 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of Shell by 33.2% during the third quarter. Stratos Wealth Partners LTD. now owns 22,362 shares of the energy company’s stock valued at $1,440,000 after acquiring an additional 5,573 shares during the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Company Profile

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.