Hohimer Wealth Management LLC cut its position in Shell PLC Unsponsored ADR (NYSE:SHEL – Free Report) by 93.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,249 shares of the energy company’s stock after selling 46,902 shares during the period. Hohimer Wealth Management LLC’s holdings in Shell were worth $309,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the company. M Holdings Securities Inc. bought a new position in shares of Shell in the 3rd quarter valued at about $1,333,000. Avantax Planning Partners Inc. acquired a new position in shares of Shell during the 3rd quarter worth about $205,000. Brighton Jones LLC raised its holdings in shares of Shell by 15.0% in the 3rd quarter. Brighton Jones LLC now owns 12,698 shares of the energy company’s stock valued at $1,207,000 after purchasing an additional 1,658 shares during the period. Uhlmann Price Securities LLC raised its holdings in shares of Shell by 35.0% in the 3rd quarter. Uhlmann Price Securities LLC now owns 5,800 shares of the energy company’s stock valued at $551,000 after purchasing an additional 1,505 shares during the period. Finally, Ethic Inc. lifted its stake in Shell by 9.8% in the 3rd quarter. Ethic Inc. now owns 17,306 shares of the energy company’s stock valued at $1,645,000 after purchasing an additional 1,540 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
SHEL has been the subject of a number of research analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of Shell in a report on Thursday, October 29th. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $81.60 to $101.30 in a research note on Thursday, September 3rd. Wall Street Zen raised Shell from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Berenberg Bank reaffirmed a “buy” rating on shares of Shell in a research report on Monday, August 3rd. Finally, Weiss Ratings raised Shell from a “buy (a-)” rating to a “buy (a)” rating in a report on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Shell currently has a consensus rating of “Moderate Buy” and an average price target of $107.08.
Get Our Latest Analysis on Shell
Shell Stock Down 1.6%
SHEL stock opened at $97.29 on Wednesday. Shell PLC Unsponsored ADR has a fifty-two week low of $68.63 and a fifty-two week high of $109.37. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 1.09. The stock has a market capitalization of $278.71 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 0.82 and a beta of 0.07. The business’s fifty day moving average price is $99.36 and its two-hundred day moving average price is $89.13.
Shell (NYSE:SHEL – Get Free Report) last announced its earnings results on Thursday, October 29th. The energy company reported $3.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.26. Shell had a net margin of 9.96% and a return on equity of 16.86%. The company had revenue of $92.85 billion during the quarter, compared to analysts’ expectations of $93.25 billion. On average, equities analysts anticipate that Shell PLC Unsponsored ADR will post 12.40 earnings per share for the current year.
Shell announced that its board has initiated a share buyback plan on Thursday, October 29th that allows the company to repurchase $5 billion in outstanding shares. This repurchase authorization allows the energy company to purchase up to 1.7% of its stock through open market purchases. Share repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
Shell Profile
Shell plc is a global energy company engaged in the exploration and production of oil and natural gas, natural gas liquefaction and marketing, and the refining and sale of fuels and other products. Its businesses also include chemicals, power and energy solutions, including lower-carbon offerings such as biofuels, hydrogen and electric-vehicle charging. The company serves customers and operates across regions worldwide. Its products and services reach consumers, businesses and industrial customers through activities such as fuel retailing, natural gas supply, chemicals production and energy trading.
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