Shell (NYSE:SHEL) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Shell PLC Unsponsored ADR (NYSE:SHELGet Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $77.37 and traded as high as $94.66. Shell shares last traded at $94.0220, with a volume of 6,913,679 shares.

More Shell News

Here are the key news stories impacting Shell this week:

Analysts Set New Price Targets

Several research analysts have commented on SHEL shares. Weiss Ratings raised shares of Shell from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. Wells Fargo & Company cut their target price on shares of Shell from $78.00 to $77.00 and set an “equal weight” rating on the stock in a report on Friday, February 6th. Scotiabank upgraded shares of Shell to a “strong-buy” rating in a report on Friday, March 27th. Jefferies Financial Group restated a “buy” rating on shares of Shell in a report on Thursday, January 8th. Finally, Piper Sandler raised their target price on shares of Shell from $89.00 to $106.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Shell presently has an average rating of “Hold” and an average price target of $84.05.

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Shell Price Performance

The stock has a market cap of $266.26 billion, a P/E ratio of 15.67, a PEG ratio of 0.83 and a beta of 0.10. The firm’s fifty day moving average price is $84.57 and its 200-day moving average price is $77.37. 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:SHELGet Free Report) last released its quarterly earnings results on Friday, February 6th. The energy company reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.07). The company had revenue of $64.09 billion during the quarter, compared to the consensus estimate of $65.82 billion. Shell had a net margin of 6.52% and a return on equity of 10.34%. Analysts forecast that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Institutional Trading of Shell

Several large investors have recently added to or reduced their stakes in SHEL. Kohmann Bosshard Financial Services LLC bought a new stake in Shell in the fourth quarter valued at $26,000. Steigerwald Gordon & Koch Inc. bought a new stake in Shell in the third quarter valued at $31,000. Grey Fox Wealth Advisors LLC bought a new stake in Shell in the third quarter valued at $34,000. Zions Bancorporation National Association UT boosted its holdings in Shell by 186.7% in 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 in the last quarter. Finally, Nalls Sherbakoff Group LLC bought a new stake in shares of Shell during the 4th quarter valued at $36,000. Institutional investors own 28.60% of the company’s stock.

Shell Company Profile

(Get Free Report)

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.

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