Palogic Value Management L.P. raised its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL – Free Report) by 31.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 54,698 shares of the energy company’s stock after purchasing an additional 13,080 shares during the period. Shell accounts for approximately 1.4% of Palogic Value Management L.P.’s investment portfolio, making the stock its 14th biggest position. Palogic Value Management L.P.’s holdings in Shell were worth $4,241,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC bought a new position in shares of Shell during the fourth quarter worth about $26,000. Zions Bancorporation National Association UT boosted its holdings in Shell by 186.7% in the fourth quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company’s stock valued at $35,000 after acquiring an additional 308 shares during the last quarter. Nalls Sherbakoff Group LLC acquired a new stake in Shell during the 4th quarter valued at approximately $36,000. Ares Financial Consulting LLC bought a new position in Shell during the 4th quarter worth approximately $38,000. Finally, Kilter Group LLC lifted its position in shares of Shell by 83.1% in the 2nd quarter. Kilter Group LLC now owns 498 shares of the energy company’s stock worth $39,000 after purchasing an additional 226 shares during the period. Institutional investors own 28.60% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. Weiss Ratings raised shares of Shell from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded Shell from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Erste Group Bank reissued a “hold” rating on shares of Shell in a research report on Tuesday, May 5th. HSBC upgraded Shell from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Finally, Mizuho initiated coverage on Shell in a report on Monday, July 20th. They issued a “neutral” rating and a $98.00 target price for the company. Five analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $106.77.
Shell Trading Down 1.2%
Shares of Shell stock opened at $91.14 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.43. Shell PLC Unsponsored ADR has a 52 week low of $68.63 and a 52 week high of $94.90. The stock has a 50 day moving average price of $85.72 and a two-hundred day moving average price of $86.20. The stock has a market capitalization of $255.51 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 0.60 and a beta of 0.05.
Shell (NYSE:SHEL – Get Free Report) last issued its earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.29. The company had revenue of $94.66 billion for the quarter, compared to analysts’ expectations of $86.22 billion. Shell had a return on equity of 14.34% and a net margin of 8.55%. As a group, equities analysts anticipate that Shell PLC Unsponsored ADR will post 10.36 earnings per share for the current fiscal year.
Shell Company Profile
Shell plc (NYSE: SHEL) is a global integrated energy company that operates across the full oil and gas value chain as well as in developing lower-carbon energy solutions. The company traces its roots to the early 20th century merger of Royal Dutch Petroleum and Shell Transport and Trading, and today it is organized to explore for and produce hydrocarbons, process and refine them, manufacture petrochemicals, and market fuel, lubricants and related products under the Shell brand around the world.
Shell’s principal activities include upstream exploration and production of oil and natural gas, integrated gas operations including liquefied natural gas (LNG), and downstream refining, supply and marketing.
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