Shell (NYSE:SHEL) Rating Lowered to Hold at BNP Paribas Exane

Shell (NYSE:SHEL) was downgraded by BNP Paribas Exane from a “strong-buy” rating to a “hold” rating in a research report issued on Friday, MarketBeat reports.

A number of other brokerages have also commented on SHEL. Royal Bank Of Canada lowered Shell from an “outperform” rating to a “sector perform” rating in a report on Monday, January 26th. Jefferies Financial Group reiterated a “buy” rating on shares of Shell in a report on Thursday, January 8th. Morgan Stanley lowered Shell from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 24th. Zacks Research raised Shell from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Finally, Scotiabank raised Shell to a “strong-buy” rating in a research report on Friday, March 27th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $92.90.

Shell Stock Down 4.0%

Shares of SHEL stock opened at $87.86 on Friday. Shell has a 12 month low of $63.88 and a 12 month high of $94.90. The firm has a market cap of $248.82 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 0.53 and a beta of 0.10. The stock has a 50 day moving average of $86.90 and a 200-day moving average of $78.39. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 0.38.

Shell (NYSE:SHEL) last issued its quarterly earnings results 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 business had revenue of $64.09 billion for the quarter, compared to analyst estimates of $65.82 billion. On average, equities analysts predict that Shell will post 7.67 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new position in Shell in the fourth quarter worth $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in Shell during the third quarter worth $31,000. Grey Fox Wealth Advisors LLC acquired a new position in Shell during the third quarter worth $34,000. Zions Bancorporation National Association UT raised its stake in Shell by 186.7% during the fourth quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company’s stock worth $35,000 after acquiring an additional 308 shares in the last quarter. Finally, Nalls Sherbakoff Group LLC acquired a new position in Shell during the fourth quarter worth $36,000. 28.60% of the stock is owned by institutional investors.

About Shell

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.