11,015 Shares in Shell PLC Unsponsored ADR $SHEL Acquired by Diversify Advisory Services LLC

Key Points

• Diversify Advisory Services LLC acquired 11,015 Shell shares during the second quarter, valued at approximately $854,000. Hedge funds and institutional investors collectively own 28.6% of Shell’s stock.
• Shell shares rose 1.1% to $93.79, near their 12-month high of $94.90, with a market capitalization of roughly $262.9 billion.
• Shell exceeded quarterly expectations, reporting $3.52 in EPS versus the $3.23 consensus and revenue of $94.66 billion versus estimates of $86.22 billion. Analysts maintain a “Hold” consensus, with an average price target of $106.77.

Diversify Advisory Services LLC acquired a new stake in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 11,015 shares of the energy company's stock, valued at approximately $854,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Shell in the fourth quarter worth $26,000. Zions Bancorporation National Association UT boosted its position in Shell by 186.7% during the fourth quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company's stock valued at $35,000 after purchasing an additional 308 shares during the last quarter. Nalls Sherbakoff Group LLC acquired a new position in Shell in the 4th quarter worth about $36,000. Ares Financial Consulting LLC acquired a new position in Shell in the 4th quarter worth about $38,000. Finally, Allied Private Wealth LLC purchased a new stake in shares of Shell during the 2nd quarter worth about $43,000. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Stock Up 1.1%

Shares of Shell stock opened at $93.79 on Friday. Shell PLC Unsponsored ADR has a 12-month low of $68.63 and a 12-month high of $94.90. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average price of $84.94 and a two-hundred day moving average price of $85.75. The stock has a market capitalization of $262.94 billion, a P/E ratio of 10.35, a PEG ratio of 0.61 and a beta of 0.05.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 EPS 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 analyst estimates of $86.22 billion. Shell had a net margin of 8.55% and a return on equity of 14.34%. Equities analysts expect that Shell PLC Unsponsored ADR will post 10.36 earnings per share for the current year.

Analyst Ratings Changes

SHEL has been the topic of a number of research reports. Jefferies Financial Group increased their price objective on Shell to $122.40 and gave the stock a "buy" rating in a report on Thursday, May 21st. Zacks Research downgraded shares of Shell from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 25th. Mizuho assumed coverage on shares of Shell in a research note on Monday, July 20th. They set a "neutral" rating and a $98.00 price target on the stock. Erste Group Bank reaffirmed a "hold" rating on shares of Shell in a research note on Tuesday, May 5th. Finally, Wall Street Zen upgraded shares of Shell from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Five analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $106.77.

About Shell

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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