Shell (NYSE:SHEL) Given New $82.00 Price Target at TD Securities

Shell (NYSE:SHEL) had its target price lifted by equities research analysts at TD Securities from $81.00 to $82.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the energy company’s stock. TD Securities’ price objective suggests a potential upside of 14.91% from the stock’s current price.

SHEL has been the subject of several other research reports. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Friday, January 3rd. Wells Fargo & Company cut their price objective on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, TD Cowen began coverage on shares of Shell in a research report on Wednesday. They issued a “buy” rating and a $81.00 price objective on the stock. One analyst has rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $79.48.

Shell Stock Up 0.5 %

Shares of NYSE:SHEL opened at $71.36 on Wednesday. Shell has a one year low of $60.15 and a one year high of $74.61. The company has a 50 day moving average of $66.64 and a 200-day moving average of $66.19. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The stock has a market cap of $217.02 billion, a price-to-earnings ratio of 14.21, a P/E/G ratio of 0.98 and a beta of 0.47.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 EPS 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%. On average, sell-side analysts forecast that Shell will post 7.67 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC raised its holdings in shares of Shell by 32.3% during the fourth quarter. FMR LLC now owns 86,417,177 shares of the energy company’s stock valued at $5,414,036,000 after purchasing an additional 21,118,234 shares during the period. Voloridge Investment Management LLC increased its position in Shell by 170.3% in the 4th quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company’s stock valued at $216,980,000 after buying an additional 2,182,253 shares in the last quarter. Jennison Associates LLC increased its position in Shell by 188.0% in the 3rd quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock valued at $198,786,000 after buying an additional 1,967,672 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Shell in the 4th quarter valued at about $91,716,000. Finally, Freestone Grove Partners LP acquired a new position in Shell during the 4th quarter valued at about $83,204,000. 28.60% of the stock is owned by institutional investors and hedge funds.

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.