Shell PLC Unsponsored ADR (NYSE:SHEL) Receives Consensus Rating of “Hold” from Brokerages

Shell PLC Unsponsored ADR (NYSE:SHEL) has earned a consensus recommendation of “Hold” from the nineteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $81.6143.

Several research analysts have commented on the company. Wall Street Zen downgraded Shell from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Wells Fargo & Company started coverage on Shell in a research note on Friday, October 17th. They issued an “equal weight” rating and a $76.00 price objective on the stock. Royal Bank Of Canada downgraded shares of Shell from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 26th. Bank of America lowered shares of Shell from a “buy” rating to a “neutral” rating in a research note on Friday, December 5th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Shell in a research note on Thursday, January 8th.

Institutional Investors Weigh In On Shell

A number of hedge funds have recently added to or reduced their stakes in SHEL. Argent Advisors Inc. boosted its holdings in shares of Shell by 3.3% during the 3rd quarter. Argent Advisors Inc. now owns 4,717 shares of the energy company’s stock worth $337,000 after buying an additional 150 shares in the last quarter. First PREMIER Bank boosted its stake in Shell by 6.1% during the third quarter. First PREMIER Bank now owns 2,653 shares of the energy company’s stock worth $190,000 after acquiring an additional 153 shares in the last quarter. Salomon & Ludwin LLC grew its holdings in Shell by 50.5% in the second quarter. Salomon & Ludwin LLC now owns 480 shares of the energy company’s stock worth $35,000 after purchasing an additional 161 shares during the period. Seven Mile Advisory raised its holdings in shares of Shell by 3.3% during the second quarter. Seven Mile Advisory now owns 5,572 shares of the energy company’s stock valued at $392,000 after purchasing an additional 176 shares during the period. Finally, NBC Securities Inc. boosted its position in shares of Shell by 1.9% during the 4th quarter. NBC Securities Inc. now owns 9,552 shares of the energy company’s stock worth $702,000 after purchasing an additional 176 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors.

Shell Stock Down 1.6%

NYSE:SHEL opened at $75.77 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. Shell has a one year low of $58.54 and a one year high of $78.17. The firm’s 50 day simple moving average is $73.35 and its 200 day simple moving average is $73.14. The company has a market cap of $217.84 billion, a PE ratio of 15.53, a P/E/G ratio of 5.71 and a beta of 0.16.

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.