TD Cowen Begins Coverage on Shell (NYSE:SHEL)

Research analysts at TD Cowen started coverage on shares of Shell (NYSE:SHEL) in a research note issued to investors on Wednesday. The brokerage set a “buy” rating and a $81.00 price target on the energy company’s stock. TD Cowen’s price objective suggests a potential upside of 14.14% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Piper Sandler cut 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. Wells Fargo & Company cut their price target on shares of Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Friday, January 3rd. One research analyst has rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Shell currently has a consensus rating of “Buy” and an average target price of $79.35.

Shell Stock Up 1.2 %

Shell stock opened at $70.97 on Wednesday. The company has a 50-day simple moving average of $66.64 and a 200-day simple moving average of $66.19. The firm has a market capitalization of $215.83 billion, a P/E ratio of 14.14, a P/E/G ratio of 0.98 and a beta of 0.47. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. Shell has a one year low of $60.15 and a one year high of $74.61.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing the consensus estimate 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 earnings per share for the current year.

Hedge Funds Weigh In On Shell

Large investors have recently made changes to their positions in the business. CoreFirst Bank & Trust acquired a new position in shares of Shell in the 4th quarter valued at about $28,000. Valley National Advisers Inc. increased its holdings in shares of Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after purchasing an additional 400 shares during the period. Human Investing LLC acquired a new position in shares of Shell in the 4th quarter valued at about $31,000. Brooklyn Investment Group acquired a new position in shares of Shell in the 3rd quarter valued at about $35,000. Finally, Transce3nd LLC acquired a new position in shares of Shell in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

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.