Bulletin
Investor Alert

Market Pulse Archives

Nov. 3, 2020, 5:18 a.m. EST

Shell upped to overweight and BP lifted to equal-weight at Morgan Stanley

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Royal Dutch Shell PLC A (RDSA)
  • X
    Royal Dutch Shell PLC ADR Cl A (RDS.A)
  • X
    BP PLC (BP)

or Cancel Already have a watchlist? Log In

By Steve Goldstein

Morgan Stanley upgraded Royal Dutch Shell /zigman2/quotes/206428183/delayed UK:RDSA -0.11% /zigman2/quotes/205095589/composite RDS.A -0.41% to overweight from equal-weight, and BP /zigman2/quotes/202286639/delayed UK:BP -0.40% /zigman2/quotes/207305210/composite BP -0.24% to equal-weight from underweight, while it downgraded Equinor /zigman2/quotes/203290881/delayed NO:EQNR -1.02% to equal-weight from overweight. Shell's new financial framework and dividend policy send a strong signal about management's confidence in the firm's cash generating ability, the broker said. On Equinor, Morgan Stanley said the dividend hike has now materialized, and so its energy transition strategy, exposure to European gas prices and lack of exposure to refining are priced in. Following BP's underperformance and its yield expanding to 8.1%, the broker said concern about its uncertain earnings and cash flow outlook also is priced in. The broker kept its overweight on Total and underweight on Eni /zigman2/quotes/209584888/delayed IT:ENI +0.65% .

/zigman2/quotes/206428183/delayed
UK : U.K.: London
£ 1,773.80
-2.00 -0.11%
Volume: 3.01M
Oct. 26, 2021 4:35p
P/E Ratio
35.85
Dividend Yield
0.04%
Market Cap
£137.50 billion
Rev. per Employee
£1.52M
loading...
/zigman2/quotes/205095589/composite
US : U.S.: NYSE
$ 48.86
-0.20 -0.41%
Volume: 3.40M
Oct. 26, 2021 4:00p
P/E Ratio
34.56
Dividend Yield
2.60%
Market Cap
$189.34 billion
Rev. per Employee
$1.95M
loading...
/zigman2/quotes/202286639/delayed
UK : U.K.: London
359.20 p
-1.45 -0.40%
Volume: 24.59M
Oct. 26, 2021 4:35p
P/E Ratio
11.64
Dividend Yield
4.41%
Market Cap
£71.64 billion
Rev. per Employee
£2.21M
loading...
/zigman2/quotes/207305210/composite
US : U.S.: NYSE
$ 29.64
-0.07 -0.24%
Volume: 7.33M
Oct. 26, 2021 4:00p
P/E Ratio
11.58
Dividend Yield
4.23%
Market Cap
$98.65 billion
Rev. per Employee
$2.84M
loading...
/zigman2/quotes/203290881/delayed
NO : Norway: Oslo
kr 232.85
-2.40 -1.02%
Volume: 3.39M
Oct. 26, 2021 4:26p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
kr763.68 billion
Rev. per Employee
kr20.23M
loading...
/zigman2/quotes/209584888/delayed
IT : Italy: Milan
12.36
+0.08 +0.65%
Volume: 19.93M
Oct. 26, 2021 5:35p
P/E Ratio
N/A
Dividend Yield
5.42%
Market Cap
€43.86 billion
Rev. per Employee
€1.40M
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.