Zacks Research Downgrades Shell (NYSE:SHEL) to Hold

by · The Cerbat Gem

Shell (NYSE:SHEL – Get Free Report) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other research analysts have also recently issued reports on the company. Erste Group Bank restated a “hold” rating on shares of Shell in a research note on Tuesday, May 5th. Scotiabank raised their price objective on Shell from $91.00 to $122.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Morgan Stanley cut Shell from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 24th. HSBC upgraded Shell from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Finally, Weiss Ratings upgraded Shell from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Six investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, Shell presently has a consensus rating of “Hold” and an average price target of $100.46.

Get Our Latest Stock Report on Shell

Shell Trading Down 0.7%

Shares of NYSE:SHEL opened at $85.12 on Monday. Shell has a 52-week low of $65.94 and a 52-week high of $94.90. The stock has a market cap of $238.64 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 0.45 and a beta of 0.08. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average price of $89.42 and a 200-day moving average price of $80.78.

Shell (NYSE:SHEL – Get Free Report) last announced its quarterly earnings data 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. Shell had a return on equity of 11.18% and a net margin of 6.85%.The firm had revenue of $69.69 billion during the quarter, compared to analysts’ expectations of $77.54 billion. Equities analysts predict that Shell will post 10.28 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC purchased a new position in Shell during the fourth quarter valued at approximately $26,000. Zions Bancorporation National Association UT grew 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 purchasing an additional 308 shares during the period. Nalls Sherbakoff Group LLC acquired a new stake in Shell in the fourth quarter valued at approximately $36,000. Ares Financial Consulting LLC acquired a new stake in Shell in the fourth quarter valued at approximately $38,000. Finally, Steigerwald Gordon & Koch Inc. grew its holdings in Shell by 51.3% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 649 shares of the energy company’s stock valued at $48,000 after purchasing an additional 220 shares during the period. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

About Shell

(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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