Shell (NYSE:SHEL) Stock Rating Upgraded by UBS Group

Shell (NYSE:SHEL) was upgraded by equities researchers at UBS Group from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, Marketbeat Ratings reports.

A number of other equities analysts have also commented on the company. Citigroup upgraded Shell to a “hold” rating in a research note on Wednesday, October 2nd. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $66.50 to $79.80 in a research report on Tuesday. Piper Sandler dropped their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Barclays upgraded shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Friday, January 3rd. One analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Shell presently has a consensus rating of “Buy” and an average price target of $79.83.

Shell Price Performance

NYSE SHEL opened at $64.68 on Wednesday. The company has a market cap of $199.04 billion, a P/E ratio of 13.31, a P/E/G ratio of 4.84 and a beta of 0.55. Shell has a 1 year low of $60.15 and a 1 year high of $74.61. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $64.49 and a 200 day simple moving average of $68.12.

Institutional Trading of Shell

A number of large investors have recently bought and sold shares of the stock. FMR LLC boosted its holdings in shares of Shell by 5.2% in the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock worth $4,306,465,000 after acquiring an additional 3,255,347 shares in the last quarter. Empyrean Capital Partners LP bought a new stake in shares of Shell during the second quarter worth $151,578,000. Jennison Associates LLC raised its holdings in shares of Shell by 188.0% in the third 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 during the last quarter. Holocene Advisors LP lifted its position in Shell by 29.8% during the 3rd quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock worth $248,870,000 after buying an additional 866,954 shares in the last quarter. Finally, Mediolanum International Funds Ltd acquired a new stake in Shell in the 3rd quarter valued at about $37,274,000. 28.60% of the stock is currently owned by 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.