Wells Fargo & Company Has Lowered Expectations for Shell (NYSE:SHEL) Stock Price

Shell (NYSE:SHEL - Get Free Report) had its price objective decreased by analysts at Wells Fargo & Company from $87.00 to $86.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the energy company's stock. Wells Fargo & Company's price objective would indicate a potential upside of 32.21% from the stock's current price.

A number of other research analysts also recently weighed in on SHEL. Scotiabank cut their price objective on Shell from $90.00 to $80.00 and set a "sector outperform" rating on the stock in a research note on Thursday, October 10th. Citigroup upgraded shares of Shell to a "hold" rating in a research note on Wednesday, October 2nd. UBS Group upgraded shares of Shell from a "neutral" rating to a "buy" rating in a report on Wednesday. Wolfe Research upgraded Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research note on Friday, January 3rd. Finally, Piper Sandler dropped their price target on Shell from $82.00 to $72.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Shell presently has a consensus rating of "Buy" and an average target price of $79.69.

Shell Stock Up 0.5 %

Shares of SHEL stock traded up $0.33 during trading on Friday, hitting $65.05. 2,737,001 shares of the company were exchanged, compared to its average volume of 4,406,109. The firm has a market capitalization of $200.17 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 4.84 and a beta of 0.55. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. The business's 50-day simple moving average is $64.43 and its 200 day simple moving average is $68.10. Shell has a twelve month low of $60.15 and a twelve month high of $74.61.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its holdings in shares of Shell by 5.2% during the third quarter. FMR LLC now owns 65,298,943 shares of the energy company's stock worth $4,306,465,000 after buying an additional 3,255,347 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Shell by 2.1% during the third quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company's stock worth $1,617,796,000 after purchasing an additional 507,311 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Shell by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company's stock worth $1,640,082,000 after buying an additional 96,549 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Shell by 0.9% in the third quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company's stock valued at $408,430,000 after acquiring an additional 55,637 shares during the last quarter. Finally, Mawer Investment Management Ltd. boosted its position in Shell by 8.7% during the third quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company's stock valued at $348,405,000 after purchasing an additional 422,329 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

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.