Alyeska Investment Group L.P. Makes New $1.01 Million Investment in Shell PLC Unsponsored ADR $SHEL

Key Points

• Alyeska Investment Group initiated a roughly $1.01 million position in Shell during the second quarter by purchasing 13,049 shares. Hedge funds and other institutional investors own 28.6% of the company.
• Analyst sentiment remains mixed: six analysts rate Shell a Buy and twelve rate it Hold, producing a consensus Hold rating and an average price target of $106.77.
• Shell shares opened at $93.64, near their 12-month high, while the company’s latest results exceeded expectations with quarterly EPS of $3.52 versus $3.23 expected and revenue of $94.66 billion.

Alyeska Investment Group L.P. purchased a new position in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,049 shares of the energy company's stock, valued at approximately $1,012,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SHEL. Brighton Jones LLC boosted its position in Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock valued at $468,000 after purchasing an additional 2,545 shares during the last quarter. AQR Capital Management LLC increased its position in Shell by 70.1% in the 1st quarter. AQR Capital Management LLC now owns 32,564 shares of the energy company's stock worth $2,386,000 after purchasing an additional 13,419 shares during the last quarter. IHT Wealth Management LLC raised its stake in shares of Shell by 31.6% during the 2nd quarter. IHT Wealth Management LLC now owns 11,900 shares of the energy company's stock worth $838,000 after purchasing an additional 2,857 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of Shell by 5.5% in the 2nd quarter. Captrust Financial Advisors now owns 137,086 shares of the energy company's stock valued at $9,652,000 after buying an additional 7,179 shares in the last quarter. Finally, Horizon Investments LLC lifted its stake in Shell by 6.4% in the third quarter. Horizon Investments LLC now owns 3,521 shares of the energy company's stock valued at $252,000 after acquiring an additional 211 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SHEL shares. Piper Sandler increased their price target on shares of Shell from $88.00 to $89.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. Wall Street Zen upgraded Shell from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Mizuho assumed coverage on Shell in a research note on Monday, July 20th. They issued a "neutral" rating and a $98.00 price objective on the stock. TD Cowen reiterated a "buy" rating on shares of Shell in a report on Thursday, July 2nd. Finally, HSBC raised shares of Shell from a "hold" rating to a "buy" rating in a report on Monday, May 18th. Six equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, Shell presently has a consensus rating of "Hold" and an average target price of $106.77.

Shell Stock Up 2.4%

NYSE SHEL opened at $93.64 on Wednesday. Shell PLC Unsponsored ADR has a twelve month low of $68.63 and a twelve month high of $94.90. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.43. The stock has a market cap of $262.52 billion, a PE ratio of 10.34, a PEG ratio of 0.60 and a beta of 0.05. The firm has a 50-day simple moving average of $86.72 and a 200 day simple moving average of $86.59.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.23 by $0.29. The firm had revenue of $94.66 billion during the quarter, compared to analysts' expectations of $86.22 billion. Shell had a return on equity of 14.34% and a net margin of 8.55%. On average, research analysts forecast that Shell PLC Unsponsored ADR will post 10.38 EPS for the current year.

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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