Shell (NYSE:SHEL) Upgraded to “Outperform” at Wolfe Research

Shell (NYSE:SHEL) was upgraded by equities researchers at Wolfe Research from a “peer perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports. The firm presently has a $80.00 price target on the energy company’s stock. Wolfe Research’s price target indicates a potential upside of 26.78% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. Piper Sandler reduced their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Barclays raised Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company dropped their target price on Shell from $88.00 to $87.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Citigroup raised shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Scotiabank reduced their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. One analyst has rated the stock with a hold rating, six have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $79.83.

Shell Stock Up 0.7 %

Shares of Shell stock opened at $63.10 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The business has a 50-day moving average of $64.56 and a two-hundred day moving average of $68.26. Shell has a 1 year low of $60.15 and a 1 year high of $74.61. The company has a market capitalization of $194.17 billion, a P/E ratio of 12.98, a price-to-earnings-growth ratio of 4.84 and a beta of 0.55.

Hedge Funds Weigh In On Shell

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHEL. Procyon Advisors LLC boosted its holdings in shares of Shell by 3.2% during the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock worth $335,000 after buying an additional 159 shares during the period. GHP Investment Advisors Inc. grew its position in shares of Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after purchasing an additional 163 shares during the last quarter. Beddow Capital Management Inc. increased its stake in shares of Shell by 0.3% during the second quarter. Beddow Capital Management Inc. now owns 61,061 shares of the energy company’s stock worth $4,407,000 after purchasing an additional 165 shares during the period. Certuity LLC lifted its holdings in Shell by 1.7% during the 2nd quarter. Certuity LLC now owns 9,923 shares of the energy company’s stock worth $716,000 after purchasing an additional 169 shares during the last quarter. Finally, OneDigital Investment Advisors LLC grew its holdings in Shell by 2.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,889 shares of the energy company’s stock valued at $520,000 after buying an additional 196 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Company Profile

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.