Shell plc (NYSE:SHEL – Get Rating) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 6,410,000 shares, a decline of 17.6% from the December 31st total of 7,780,000 shares. Based on an average daily trading volume, of 4,440,000 shares, the short-interest ratio is currently 1.4 days. Approximately 0.2% of the company's shares are short sold.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. TD Capital Management LLC acquired a new position in shares of Shell in the 3rd quarter valued at about $27,000. Worth Asset Management LLC acquired a new position in shares of Shell in the 4th quarter valued at about $27,000. First Command Bank acquired a new position in shares of Shell in the 2nd quarter valued at about $30,000. Standard Family Office LLC acquired a new position in shares of Shell in the 3rd quarter valued at about $31,000. Finally, Concord Wealth Partners acquired a new position in shares of Shell in the 2nd quarter valued at about $35,000. 7.74% of the stock is owned by institutional investors and hedge funds.
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Analyst Ratings Changes
A number of research firms have recently weighed in on SHEL. Morgan Stanley lowered shares of Shell from an "overweight" rating to an "equal weight" rating in a research report on Monday, January 23rd. The Goldman Sachs Group lowered shares of Shell from a "buy" rating to a "neutral" rating in a research report on Sunday, November 6th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Shell from GBX 2,761 ($34.18) to GBX 2,987 ($36.98) in a research report on Tuesday, December 6th. JPMorgan Chase & Co. upped their price target on shares of Shell from GBX 2,900 ($35.90) to GBX 2,950 ($36.52) in a research report on Friday, December 2nd. Finally, Wolfe Research lowered shares of Shell from an "outperform" rating to a "peer perform" rating in a research report on Thursday, January 12th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $2,161.63.
Shell Stock Down 0.0 %
SHEL traded down $0.01 during trading hours on Friday, reaching $58.51. 2,599,115 shares of the stock traded hands, compared to its average volume of 3,748,747. The firm's fifty day simple moving average is $57.34 and its two-hundred day simple moving average is $54.21. The company has a market cap of $210.48 billion, a price-to-earnings ratio of 5.11, a PEG ratio of 0.64 and a beta of 0.68. Shell has a fifty-two week low of $44.90 and a fifty-two week high of $61.67. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.38 and a quick ratio of 1.08.
Shell (NYSE:SHEL – Get Rating) last announced its quarterly earnings data on Thursday, October 27th. The energy company reported $2.58 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.10). The company had revenue of $98.76 billion for the quarter. Shell had a return on equity of 19.72% and a net margin of 11.56%. As a group, analysts forecast that Shell will post 10.2 earnings per share for the current fiscal year.
About Shell
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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 necessary to deliver gas to market.
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