Willis Investment Counsel lifted its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL – Free Report) by 2.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 300,089 shares of the energy company’s stock after purchasing an additional 8,081 shares during the period. Shell accounts for about 1.2% of Willis Investment Counsel’s portfolio, making the stock its 24th largest holding. Willis Investment Counsel’s holdings in Shell were worth $28,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in Shell by 1.9% during the 2nd quarter. Bank of America Corp DE now owns 7,709,715 shares of the energy company’s stock valued at $597,811,000 after acquiring an additional 146,988 shares during the period. Envestnet Asset Management Inc. grew its position in Shell by 7.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,352,694 shares of the energy company’s stock valued at $182,425,000 after acquiring an additional 171,873 shares in the last quarter. Palogic Value Management L.P. increased its stake in Shell by 31.4% during the second quarter. Palogic Value Management L.P. now owns 54,698 shares of the energy company’s stock worth $4,241,000 after purchasing an additional 13,080 shares during the period. Diversify Advisory Services LLC acquired a new stake in shares of Shell during the second quarter worth about $854,000. Finally, Waverly Advisors LLC lifted its position in shares of Shell by 307.1% during the second quarter. Waverly Advisors LLC now owns 407,847 shares of the energy company’s stock worth $31,624,000 after purchasing an additional 307,671 shares in the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.
Shell Stock Up 0.4%
Shares of SHEL stock traded up $0.41 on Tuesday, reaching $105.23. 3,745,856 shares of the stock were exchanged, compared to its average volume of 6,956,913. The company has a market capitalization of $301.45 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 0.89 and a beta of 0.10. The business’s 50 day moving average price is $95.42 and its 200 day moving average price is $89.32. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. Shell PLC Unsponsored ADR has a twelve month low of $68.63 and a twelve month high of $106.68.
Shell (NYSE:SHEL – Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share for the quarter, beating 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, sell-side analysts expect that Shell PLC Unsponsored ADR will post 11.62 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Shell from $100.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Wall Street Zen raised Shell from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Piper Sandler increased their price objective on Shell from $89.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. Morgan Stanley set a $101.30 price target on Shell and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Finally, UBS Group set a $90.00 price target on Shell in a research report on Friday, September 25th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $106.63.
Check Out Our Latest Report on SHEL
Shell Company Profile
Shell plc is a global energy company headquartered in London, England. Its operations span the energy value chain, including the exploration, production, processing, trading and marketing of oil and natural gas. The company is also a major participant in liquefied natural gas (LNG), refining, chemicals and energy-related products.
Shell sells fuels, lubricants and other petroleum products through branded retail and commercial businesses, while also providing services to industrial, marine and aviation customers.
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