TD Cowen Lowers Shell (NYSE:SHEL) Price Target to $110.00

by · The Cerbat Gem

Shell (NYSE:SHEL – Get Free Report) had its price objective lowered by stock analysts at TD Cowen from $112.00 to $110.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the energy company’s stock. TD Cowen’s price objective indicates a potential upside of 19.75% from the company’s current price.

SHEL has been the topic of a number of other research reports. Rothschild & Co Redburn lowered shares of Shell from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Morgan Stanley lowered shares of Shell from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 24th. Jefferies Financial Group restated a “buy” rating on shares of Shell in a research note on Thursday, January 8th. Piper Sandler raised their price objective on Shell from $89.00 to $106.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Finally, Wall Street Zen cut Shell from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $91.55.

View Our Latest Stock Analysis on Shell

Shell Stock Up 0.8%

SHEL stock traded up $0.77 on Friday, hitting $91.86. 1,711,277 shares of the company’s stock were exchanged, compared to its average volume of 7,168,790. Shell has a 12-month low of $60.32 and a 12-month high of $94.90. The firm has a 50 day moving average price of $85.17 and a two-hundred day moving average price of $77.56. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 1.30. The stock has a market cap of $260.12 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 0.74 and a beta of 0.10.

Shell (NYSE:SHEL – Get Free Report) last announced its 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). Shell had a return on equity of 10.34% and a net margin of 6.52%.The business had revenue of $64.09 billion for the quarter, compared to analysts’ expectations of $65.82 billion. As a group, equities research analysts expect that Shell will post 7.67 EPS for the current fiscal year.

Institutional Investors Weigh In On Shell

Several hedge funds have recently bought and sold shares of the stock. Natixis Advisors LLC boosted its position in Shell by 13.2% in the 3rd quarter. Natixis Advisors LLC now owns 1,445,346 shares of the energy company’s stock worth $103,386,000 after purchasing an additional 167,983 shares in the last quarter. Great Lakes Advisors LLC grew its position in shares of Shell by 0.5% during the 3rd quarter. Great Lakes Advisors LLC now owns 596,972 shares of the energy company’s stock valued at $42,701,000 after acquiring an additional 3,084 shares during the period. SG Americas Securities LLC grew its position in shares of Shell by 187.5% during the 4th quarter. SG Americas Securities LLC now owns 316,216 shares of the energy company’s stock valued at $23,236,000 after acquiring an additional 677,746 shares during the period. Allied Investment Advisors LLC grew its position in shares of Shell by 2.5% during the 4th quarter. Allied Investment Advisors LLC now owns 196,452 shares of the energy company’s stock valued at $14,435,000 after acquiring an additional 4,720 shares during the period. Finally, Captrust Financial Advisors increased its holdings in Shell by 30.4% in the 4th quarter. Captrust Financial Advisors now owns 180,630 shares of the energy company’s stock worth $13,273,000 after acquiring an additional 42,129 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Key Stories Impacting Shell

Here are the key news stories impacting Shell this week:

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.

Featured Articles