Shell (NYSE:SHEL) Price Target Raised to $87.00 at Wells Fargo & Company

Shell (NYSE:SHEL) had its price objective boosted by stock analysts at 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 price objective would indicate a potential upside of 20.77% from the stock’s current price.

A number of other equities analysts have also commented on SHEL. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Piper Sandler reduced their price target on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. TD Securities lifted their price objective on Shell from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, March 19th. 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 research report on Friday, January 3rd. Finally, Morgan Stanley raised 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. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Shell has an average rating of “Buy” and a consensus price target of $80.10.

Shell Price Performance

Shares of NYSE SHEL opened at $72.04 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. Shell has a 1-year low of $60.15 and a 1-year high of $74.61. The company has a market capitalization of $217.83 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 0.98 and a beta of 0.47. The business has a 50-day moving average of $67.29 and a 200-day moving average of $66.28.

Shell (NYSE:SHEL) last released its quarterly earnings results 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%. On average, equities analysts anticipate that Shell will post 7.67 EPS for the current fiscal year.

Institutional Trading of Shell

Several hedge funds have recently bought and sold shares of SHEL. CoreFirst Bank & Trust acquired a new stake in shares of Shell in the fourth quarter valued at approximately $28,000. Valley National Advisers Inc. grew its holdings in Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after buying an additional 400 shares in the last quarter. Human Investing LLC bought a new stake in Shell during the 4th quarter valued at $31,000. Brooklyn Investment Group acquired a new position in Shell during the 3rd quarter worth $35,000. Finally, Transce3nd LLC acquired a new position in shares of Shell during the fourth quarter valued at $34,000. 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.