Scotiabank Boosts Shell (NYSE:SHEL) Price Target to $122.00

Shell (NYSE:SHEL) had its price objective hoisted by investment analysts at Scotiabank from $91.00 to $122.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “sector outperform” rating on the energy company’s stock. Scotiabank’s price objective points to a potential upside of 36.61% from the company’s current price.

SHEL has been the topic of several other research reports. Weiss Ratings raised Shell from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th. Royal Bank Of Canada lowered Shell from an “outperform” rating to a “sector perform” rating in a report on Monday, January 26th. Morgan Stanley lowered shares of Shell from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 24th. Wall Street Zen lowered Shell from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Shell in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $97.33.

Shell Stock Performance

Shares of Shell stock opened at $89.31 on Wednesday. The firm has a market capitalization of $252.91 billion, a P/E ratio of 14.88, a P/E/G ratio of 0.55 and a beta of 0.10. Shell has a 52 week low of $64.02 and a 52 week high of $94.90. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 0.38. The firm’s 50 day moving average is $87.73 and its two-hundred day moving average is $78.80.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Friday, February 6th. The energy company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.07). The firm had revenue of $64.09 billion for the quarter, compared to analysts’ expectations of $65.82 billion. Shell had a return on equity of 10.34% and a net margin of 6.52%. Research analysts forecast that Shell will post 8.75 EPS for the current fiscal year.

Institutional Trading of Shell

Institutional investors have recently modified their holdings of the business. Brighton Jones LLC boosted its position in shares of Shell by 51.7% during the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock worth $468,000 after purchasing an additional 2,545 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Shell by 70.1% during the 1st quarter. AQR Capital Management LLC now owns 32,564 shares of the energy company’s stock worth $2,386,000 after purchasing an additional 13,419 shares in the last quarter. IHT Wealth Management LLC boosted its position in shares of Shell by 31.6% during the 2nd quarter. IHT Wealth Management LLC now owns 11,900 shares of the energy company’s stock worth $838,000 after purchasing an additional 2,857 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Shell by 5.5% during the 2nd quarter. Captrust Financial Advisors now owns 137,086 shares of the energy company’s stock worth $9,652,000 after purchasing an additional 7,179 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Shell by 17.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 19,421 shares of the energy company’s stock worth $1,389,000 after purchasing an additional 2,851 shares in the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Key Shell News

Here are the key news stories impacting Shell this week:

• Positive Sentiment: Company bought back sizeable blocks of shares on 22–23 Apr as part of its announced buy‑back programme, reducing share count and supporting EPS and dividend coverage. Transaction in Own Shares (23 Apr)
• Positive Sentiment: Scotiabank raised its price target to $122 and moved to a “sector outperform” rating, implying substantial upside vs. current levels and providing buy-side analyst support. Scotiabank raises target
• Positive Sentiment: Shell says European refineries are running flat‑out to produce jet fuel amid aviation supply tightness, which can boost refining margins and near‑term cash flow if product prices remain elevated. Shell Says European Refineries Run Flat-Out
• Neutral Sentiment: Shell secured permits/offshore survey agreements in Sierra Leone for advanced seismic work and captured a large reconnaissance licence — positive for long‑term exploration optionality but not an immediate revenue driver. Sierra Leone permit with Shell
• Negative Sentiment: BNP Paribas recently downgraded Shell from Outperform to Neutral (and other analysts have mixed views), creating headwinds for sentiment despite buybacks and positive refinery news. Analyst downgrade noted

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.