First Eagle Investment Management LLC boosted its position in Shell PLC Unsponsored ADR (NYSE:SHEL – Free Report) by 1.5% in the 2nd quarter, Holdings Channel reports. The firm owned 1,073,265 shares of the energy company’s stock after acquiring an additional 16,244 shares during the quarter. First Eagle Investment Management LLC’s holdings in Shell were worth $83,221,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Continuum Advisory LLC purchased a new stake in shares of Shell during the second quarter worth $34,000. Zions Bancorporation National Association UT lifted 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 in the last quarter. Nalls Sherbakoff Group LLC acquired a new position in Shell during the fourth quarter worth about $36,000. Kilter Group LLC grew its stake in Shell by 83.1% during the 2nd quarter. Kilter Group LLC now owns 498 shares of the energy company’s stock valued at $39,000 after acquiring an additional 226 shares in the last quarter. Finally, Allied Private Wealth LLC acquired a new stake in Shell in the 2nd quarter valued at about $43,000. Institutional investors and hedge funds own 28.60% of the company’s stock.
Shell Stock Performance
NYSE SHEL opened at $92.98 on Monday. The stock has a fifty day simple moving average of $87.65 and a 200-day simple moving average of $86.89. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. The stock has a market cap of $260.67 billion, a PE ratio of 10.26, a P/E/G ratio of 0.85 and a beta of 0.05. Shell PLC Unsponsored ADR has a twelve month low of $68.63 and a twelve month high of $94.90.
Analyst Ratings Changes
Several brokerages have recently weighed in on SHEL. Wells Fargo & Company boosted their target price on Shell from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Wall Street Zen upgraded Shell from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Jefferies Financial Group boosted their price objective on Shell to $122.40 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Erste Group Bank raised Shell from a “hold” rating to a “buy” rating in a research note on Thursday, August 27th. Finally, HSBC raised shares of Shell from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Seven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, Shell presently has a consensus rating of “Hold” and a consensus target price of $107.46.
Check Out Our Latest Stock Analysis on SHEL
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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