Shell (NYSE:SHEL) Shares Cross Above 200-Day Moving Average – Time to Sell?

Shell PLC Unsponsored ADR (NYSE:SHEL) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $72.90 and traded as high as $74.34. Shell shares last traded at $73.74, with a volume of 5,552,530 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SHEL shares. Jefferies Financial Group reissued a “buy” rating on shares of Shell in a research note on Thursday, January 8th. Piper Sandler lifted their target price on Shell from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, January 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Shell in a report on Monday, December 29th. Citigroup reaffirmed a “neutral” rating on shares of Shell in a research note on Monday, November 3rd. Finally, TD Cowen reissued a “buy” rating on shares of Shell in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.61.

Shell Trading Up 0.9%

The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The company has a market capitalization of $212.02 billion, a P/E ratio of 15.11, a PEG ratio of 5.45 and a beta of 0.16. The company’s fifty day simple moving average is $73.25 and its 200-day simple moving average is $72.90.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, October 30th. The energy company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.14. The firm had revenue of $68.15 billion for the quarter, compared to the consensus estimate of $70.50 billion. Shell had a net margin of 5.34% and a return on equity of 10.49%. Research analysts predict that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Friday, November 14th were given a $0.716 dividend. This represents a $2.86 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, November 14th. Shell’s payout ratio is presently 58.61%.

Hedge Funds Weigh In On Shell

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in shares of Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock valued at $468,000 after buying an additional 2,545 shares during the last quarter. AQR Capital Management LLC lifted its position 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 last quarter. Farther Finance Advisors LLC boosted its stake in Shell by 70.5% in the second quarter. Farther Finance Advisors LLC now owns 16,570 shares of the energy company’s stock valued at $1,167,000 after acquiring an additional 6,851 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Shell by 37.4% during the second quarter. GAMMA Investing LLC now owns 7,925 shares of the energy company’s stock worth $558,000 after purchasing an additional 2,156 shares in the last quarter. Finally, AdvisorNet Financial Inc lifted its holdings in shares of Shell by 21.1% during the 2nd quarter. AdvisorNet Financial Inc now owns 3,105 shares of the energy company’s stock valued at $219,000 after purchasing an additional 541 shares during the last quarter. Hedge funds and other institutional investors 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.