Mondrian Investment Partners LTD lessened its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL – Free Report) by 19.7% in the third quarter, HoldingsChannel reports. The firm owned 1,298,081 shares of the energy company’s stock after selling 319,149 shares during the quarter. Shell makes up approximately 2.7% of Mondrian Investment Partners LTD’s holdings, making the stock its 13th biggest holding. Mondrian Investment Partners LTD’s holdings in Shell were worth $123,383,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in shares of Shell by 1.9% during the second quarter. Bank of America Corp DE now owns 7,709,715 shares of the energy company’s stock worth $597,811,000 after buying an additional 146,988 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Shell by 7.9% during the second quarter. Envestnet Asset Management Inc. now owns 2,352,694 shares of the energy company’s stock valued at $182,425,000 after buying an additional 171,873 shares during the period. Palogic Value Management L.P. lifted its stake in shares of Shell by 31.4% during the second quarter. Palogic Value Management L.P. now owns 54,698 shares of the energy company’s stock valued at $4,241,000 after buying an additional 13,080 shares during the period. Diversify Advisory Services LLC acquired a new stake in Shell during the second quarter worth approximately $854,000. Finally, IFP Advisors Inc boosted its position in Shell by 86.6% during the third quarter. IFP Advisors Inc now owns 25,800 shares of the energy company’s stock worth $2,452,000 after acquiring an additional 11,974 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.
More Shell News
Here are the key news stories impacting Shell this week:
- Positive Sentiment: Refining outlook supports earnings: Higher third-quarter refining margins could help Shell exceed consensus earnings expectations. The ARC Resources acquisition may also expand Canadian gas reserves and support future LNG Canada growth, providing potential long-term production and cash-flow benefits. Shell: Refining Should Continue To Drive Earnings Higher
- Positive Sentiment: Strong technical momentum: Shell reached $108.18, marking its second 52-week high in one week. The new high reinforces market momentum and investor demand for the shares. Shell Reaches $108.18, Its Second 52-Week High in a Week
- Positive Sentiment: Favorable analyst positioning: Zacks highlighted SHEL as a value candidate, a top momentum stock, and a highly ranked oil-and-energy opportunity. These assessments reflect supportive valuation and earnings-estimate trends, although they are not company guidance. Should Value Investors Buy Shell Stock?
- Neutral Sentiment: Potential Infineum transaction: Shell- and Exxon-owned additives venture Infineum is reportedly exploring an $8 billion sale. A transaction could eventually unlock value, but the report describes exploratory discussions rather than a completed deal. Market Chatter: Shell- and Exxon-Owned Infineum Explores $8 Billion Sale
- Neutral Sentiment: Growth investment in Kazakhstan: Shell is considering expanded seismic work and a deep well in Kazakhstan. The project could improve exploration prospects but also carries execution, capital-spending, and exploration risks. Shell Eyes Major Seismic Push and Deep Well in Kazakhstan
Shell Trading Up 2.2%
Shares of SHEL stock opened at $108.17 on Friday. The firm has a market cap of $309.88 billion, a P/E ratio of 11.94, a PEG ratio of 0.91 and a beta of 0.10. Shell PLC Unsponsored ADR has a 1-year low of $68.63 and a 1-year high of $108.43. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.12. The firm’s 50-day simple moving average is $96.69 and its 200-day simple moving average is $89.72.
Shell (NYSE:SHEL – Get Free Report) last released its earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.29. Shell had a net margin of 8.55% and a return on equity of 14.34%. The business had revenue of $94.66 billion for the quarter, compared to analysts’ expectations of $86.22 billion. As a group, equities analysts forecast that Shell PLC Unsponsored ADR will post 11.86 EPS for the current year.
Analyst Ratings Changes
Several research firms have commented on SHEL. Piper Sandler lifted their target price on shares of Shell from $89.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. UBS Group set a $90.00 price target on Shell in a research note on Friday, September 25th. Zacks Research upgraded Shell from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Morgan Stanley set a $101.30 price objective on Shell and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Finally, Wells Fargo & Company upped their target price on Shell from $100.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $106.63.
Get Our Latest Analysis on SHEL
About Shell
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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