Shell (NYSE:SHEL) Price Target Raised to $87.00

Shell (NYSE:SHEL) had its target price raised by Wells Fargo & Company from $81.00 to $87.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the energy company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 18.60% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. TD Securities lifted their target price on shares of Shell from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, March 19th. TD Cowen assumed coverage on Shell in a research report on Wednesday, March 19th. They set a “buy” rating and a $81.00 price target on the stock. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. Finally, Piper Sandler cut their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $80.10.

Shell Price Performance

Shares of Shell stock opened at $73.35 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The company’s fifty day simple moving average is $67.56 and its two-hundred day simple moving average is $66.38. The firm has a market cap of $221.80 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. Shell has a 12-month low of $60.15 and a 12-month high of $74.61.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. As a group, equities analysts expect that Shell will post 7.67 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SHEL. DSG Capital Advisors LLC purchased a new stake in Shell during the fourth quarter valued at $331,000. Northstar Financial Companies Inc. purchased a new stake in Shell during the fourth quarter valued at approximately $483,000. Palogic Value Management L.P. boosted its stake in shares of Shell by 25.0% during the 4th quarter. Palogic Value Management L.P. now owns 75,602 shares of the energy company’s stock worth $4,736,000 after acquiring an additional 15,120 shares during the last quarter. Probity Advisors Inc. increased its stake in shares of Shell by 16.0% in the 4th quarter. Probity Advisors Inc. now owns 7,435 shares of the energy company’s stock worth $466,000 after purchasing an additional 1,026 shares in the last quarter. Finally, Comprehensive Money Management Services LLC purchased a new position in Shell during the fourth quarter valued at $262,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

About Shell

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.