10,574 Shell PLC Unsponsored ADR $SHEL Shares Acquired by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services increased its Shell stake by 10.5% in the third quarter, buying 10,574 shares to bring its holdings to 110,933 shares, valued at about $10.5 million. Institutional investors and hedge funds collectively own 28.6% of the stock.
• Shell reported quarterly earnings of $3.86 per share, beating estimates of $3.60, though revenue of $92.85 billion fell short of forecasts. The board also authorized a $5 billion share buyback, covering up to 1.7% of shares.
• Analysts’ consensus rating is “Moderate Buy,” with a consensus price target of $107.08; shares opened at $98.78 in the report.

Kestra Advisory Services LLC increased its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 10.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,933 shares of the energy company's stock after purchasing an additional 10,574 shares during the quarter. Kestra Advisory Services LLC's holdings in Shell were worth $10,544,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Inscription Capital LLC increased its stake in Shell by 1.8% in the third quarter. Inscription Capital LLC now owns 8,457 shares of the energy company's stock valued at $804,000 after acquiring an additional 151 shares during the last quarter. Wealth Dimensions Group Ltd. bought a new stake in Shell during the third quarter worth $241,000. Caldwell Trust Co boosted its holdings in shares of Shell by 13.9% in the 3rd quarter. Caldwell Trust Co now owns 40,081 shares of the energy company's stock valued at $3,810,000 after purchasing an additional 4,877 shares in the last quarter. JCIC Asset Management Inc. increased its stake in shares of Shell by 0.9% in the 3rd quarter. JCIC Asset Management Inc. now owns 46,007 shares of the energy company's stock valued at $4,373,000 after purchasing an additional 402 shares during the last quarter. Finally, Provenance Wealth Advisors LLC increased its stake in shares of Shell by 717.4% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 3,188 shares of the energy company's stock valued at $303,000 after purchasing an additional 2,798 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Down 0.3%

Shares of NYSE:SHEL opened at $98.78 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.09 and a current ratio of 1.38. Shell PLC Unsponsored ADR has a 52-week low of $68.63 and a 52-week high of $109.37. The business's 50 day simple moving average is $99.24 and its two-hundred day simple moving average is $89.01. The firm has a market cap of $282.98 billion, a P/E ratio of 9.29, a PEG ratio of 0.86 and a beta of 0.07.

Shell (NYSE:SHEL - Get Free Report) last posted its earnings results on Thursday, October 29th. The energy company reported $3.86 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $93.25 billion. As a group, research analysts forecast that Shell PLC Unsponsored ADR will post 12.29 EPS for the current fiscal year.

Shell declared that its board has authorized a share buyback plan on Thursday, October 29th that authorizes the company to buy back $5 billion in outstanding shares. This repurchase authorization authorizes the energy company to purchase up to 1.7% of its shares through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms have recently commented on SHEL. HSBC reissued a "buy" rating on shares of Shell in a report on Friday, September 25th. Morgan Stanley upgraded Shell from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $81.60 to $101.30 in a research report on Thursday, September 3rd. Barclays reissued an "overweight" rating on shares of Shell in a research note on Monday, October 5th. UBS Group reissued a "neutral" rating on shares of Shell in a report on Friday, October 30th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Shell in a report on Thursday, October 29th. Two investment 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's stock. According to MarketBeat, Shell has a consensus rating of "Moderate Buy" and a consensus target price of $107.08.

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.

Shell traces its history to the 1907 merger of Royal Dutch Petroleum and the U.K.'s Shell Transport and Trading Company.

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