Scotiabank Has Lowered Expectations for Shell (NYSE:SHEL) Stock Price

Shell (NYSE:SHEL - Get Free Report) had its target price lowered by research analysts at Scotiabank from $75.00 to $70.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "sector outperform" rating on the energy company's stock. Scotiabank's price objective indicates a potential upside of 12.82% from the company's previous close.

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SHEL has been the subject of several other reports. Barclays reiterated an "overweight" rating on shares of Shell in a research note on Wednesday, March 26th. TD Securities reiterated a "buy" rating on shares of Shell in a research note on Friday, April 4th. TD Cowen dropped their target price on shares of Shell from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Tuesday. Wells Fargo & Company decreased their price target on Shell from $87.00 to $83.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, Morgan Stanley upgraded Shell from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $77.73.

View Our Latest Stock Analysis on Shell

Shell Stock Up 3.8 %

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Shares of SHEL stock traded up $2.27 on Friday, hitting $62.05. The stock had a trading volume of 8,668,883 shares, compared to its average volume of 4,319,337. The stock's 50 day moving average is $67.66 and its 200-day moving average is $66.24. The firm has a market capitalization of $187.61 billion, a price-to-earnings ratio of 12.36, a P/E/G ratio of 0.98 and a beta of 0.27. Shell has a 52-week low of $58.55 and a 52-week high of $74.61. 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 (NYSE:SHEL - Get Free Report) last announced its earnings results 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 net margin of 5.57% and a return on equity of 12.75%. As a group, research analysts expect that Shell will post 7.67 earnings per share for the current year.

Institutional Inflows and Outflows

• Shell Stock: Oil & Gas Giant Committed to Buybacks and Dividends

Several institutional investors and hedge funds have recently bought and sold shares of SHEL. First Wilshire Securities Management Inc. grew its holdings in Shell by 1.6% in the 4th quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company's stock worth $596,000 after buying an additional 153 shares in the last quarter. Foster Group Inc. increased its holdings in shares of Shell by 5.0% during the fourth quarter. Foster Group Inc. now owns 3,393 shares of the energy company's stock valued at $213,000 after purchasing an additional 162 shares during the period. Titleist Asset Management LLC raised its stake in shares of Shell by 3.1% during the fourth quarter. Titleist Asset Management LLC now owns 5,526 shares of the energy company's stock valued at $346,000 after purchasing an additional 164 shares in the last quarter. Warther Private Wealth LLC grew its position in Shell by 5.5% in the 4th quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company's stock valued at $205,000 after buying an additional 169 shares in the last quarter. Finally, Klingman & Associates LLC raised its position in shares of Shell by 5.2% during the 4th quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company's stock worth $214,000 after buying an additional 170 shares in the last quarter. Institutional investors own 28.60% of the company's stock.

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.

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