Royal Dutch Shell (RDS.B) Stock Is Down as Oil Prices Settle in the Red

NEW YORK (TheStreet) -- Shares of Royal Dutch Shell (RDS.B) were down 2.67% to $58.35 in afternoon trading Monday, as both WTI and Brent crude prices fall to trade in negative territory, hitting three week low levels.

Oil prices were lower amid the situation in Greece, causing investors to flee from riskier assets, according to Reuters.

U.S. crude for August delivery settled down 2.18% to $58.32 a barrel today, after reaching its lowest level since June 8.

Brent crude settled down at $62.02 a barrel after hitting its lowest level since May 28 of $61.35 a barrel earlier in the session.

U.K.-based Shell is an independent oil and gas company, operating in three segments including upstream, downstream and corporate.

Separately, TheStreet Ratings team rates ROYAL DUTCH SHELL PLC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate ROYAL DUTCH SHELL PLC (RDS.B) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, weak operating cash flow and poor profit margins."

If you liked this article you might like

Shell Relinquishes Operations at Oil Field in Iraq

With Hurricane Harvey, We Are in the Crosshairs of Volatility: Market Recon

Oil Rises as Hurricane Harvey Threat to Refining and Production Grows

5 European Big Spenders Promise Future Growth

Don't Buy Into the 'New Normal' Oil Hype