Shell (NYSE:SHEL) Coverage Initiated by Analysts at Mizuho

Mizuho started coverage on shares of Shell (NYSE:SHEL) in a report released on Monday, MarketBeat.com reports. The firm issued a neutral rating and a $98.00 target price on the energy company’s stock.

A number of other research firms have also recently issued reports on SHEL. Weiss Ratings cut Shell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. Jefferies Financial Group upped their price target on shares of Shell to $122.40 and gave the stock a “buy” rating in a research report on Thursday, May 21st. HSBC upgraded shares of Shell from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Scotiabank upped their target price on shares of Shell from $91.00 to $122.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Finally, Morgan Stanley cut Shell from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 24th. Six analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, Shell currently has a consensus rating of “Hold” and an average price target of $100.19.

Shell Stock Performance

Shares of SHEL stock opened at $86.20 on Monday. The company has a market cap of $241.66 billion, a P/E ratio of 13.43, a PEG ratio of 0.62 and a beta of 0.06. The business has a 50 day moving average of $83.17 and a two-hundred day moving average of $83.17. Shell has a 52 week low of $68.63 and a 52 week 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.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Friday, May 8th. The energy company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.30. The business had revenue of $69.69 billion for the quarter, compared to the consensus estimate of $77.54 billion. Shell had a return on equity of 11.18% and a net margin of 6.85%. As a group, analysts anticipate that Shell will post 9.35 EPS for the current year.

Hedge Funds Weigh In On Shell

Several large investors have recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Shell in the 4th quarter worth approximately $26,000. Zions Bancorporation National Association UT increased its stake in shares of Shell by 186.7% during 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. Nalls Sherbakoff Group LLC bought a new stake in Shell during the fourth quarter worth approximately $36,000. Ares Financial Consulting LLC acquired a new stake in Shell in the fourth quarter worth approximately $38,000. Finally, Allied Private Wealth LLC acquired a new position in shares of Shell during the 2nd quarter valued at $43,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

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.