Thornburg Investment Management Inc. boosted its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL – Free Report) by 100.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 228,036 shares of the energy company’s stock after purchasing an additional 114,162 shares during the period. Thornburg Investment Management Inc.’s holdings in Shell were worth $17,682,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of SHEL. Zions Bancorporation National Association UT boosted its stake in shares of Shell by 186.7% in the fourth quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company’s stock worth $35,000 after buying an additional 308 shares during the last quarter. Nalls Sherbakoff Group LLC acquired a new position in Shell in the fourth quarter valued at approximately $36,000. Kilter Group LLC boosted its position in 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 in the last quarter. Allied Private Wealth LLC acquired a new stake in shares of Shell during the 2nd quarter worth approximately $43,000. Finally, Elyxium Wealth LLC purchased a new position in shares of Shell during the 4th quarter valued at approximately $55,000. Institutional investors and hedge funds own 28.60% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on SHEL. HSBC raised shares of Shell from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Mizuho initiated coverage on shares of Shell in a research report on Monday, July 20th. They issued a “neutral” rating and a $98.00 price objective for the company. Zacks Research cut Shell from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. TD Cowen restated a “buy” rating on shares of Shell in a research note on Thursday, July 2nd. Finally, Erste Group Bank upgraded Shell from a “hold” rating to a “buy” rating in a research report on Thursday. Six equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, Shell has an average rating of “Hold” and an average price target of $106.77.
Shell Price Performance
NYSE:SHEL opened at $90.91 on Friday. The stock has a 50 day moving average price of $86.20 and a 200 day moving average price of $86.34. The stock has a market cap of $254.87 billion, a PE ratio of 10.03, a P/E/G ratio of 0.60 and a beta of 0.05. 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 one year low of $68.63 and a one year high of $94.90.
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, beating the consensus estimate of $3.23 by $0.29. The company had revenue of $94.66 billion during 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%. Equities research analysts expect that Shell PLC Unsponsored ADR will post 10.38 EPS for the current fiscal year.
Shell 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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