We use three-dimensional (3D) numerical models to examine critical hydrodynamic characteristics of a range of shell shapes found in extinct ammonoid cephalopods. Ammonoids are incredibly abundant in the fossil record and were likely a major component of ancient marine ecosystems. Despite their fossil abundance we lack significant soft body remains, which has made it historically difficult to investigate the potential life modes and ecological roles that these organisms played. By employing numerical tools to study how the morphology of a shell affected an ammonite's hydrodynamics, we can build a foundation for hypothesizing and testing changes in the organism's capabilities through time. To achieve this goal, the study was carried out in two major steps. First, we applied a number of simulation methods to a known problem, the drag coefficient of a half-sphere, to select the most appropriate modeling method that is accurate and efficient. These were further checked against previous experimental results on ammonoid hydrodynamics. Next, we produced 3D models of the ammonoid shells using Blender and Zbrush where each shell model emulated a specific fossil ammonoid, recent Nautilus, or an idealized shell forms created by systematically varying shell inflation and umbilical exposure. We test the hypothesis that both the overall shell inflation and umbilical exposure will increase the drag experienced by a similarly sized ammonoid shell as it moves through water relative to other morphologies. ANSYS FLUENT was employed to execute the study. We further compare our simulation results to published experimental measurements of drag on ammonoid fossil replicas and live Nautilus. The simulation results provide accuracy within an order of magnitude of published values, across the tested range of water flow velocities (1-50 cm/s). The simulated drag measurements demonstrate a first-order sensitivity to shell inflation, with a second-order effect from umbilical exposure. The impact of a larger umbilical exposure (shells that are more evolute) is minimal at low velocities, but substantial at higher velocities. We conclude that the overall shell inflation and umbilical exposure influence an individual shell's drag coefficient, therefore, influence the hydrodynamic efficiency.