Ashton Thomas Private Wealth LLC Acquires 39,883 Shares of Shell PLC Unsponsored ADR $SHEL

Key Points

• Ashton Thomas Private Wealth increased its Shell stake by 308.5% in the third quarter, buying 39,883 shares to hold 52,809 shares valued at about $5.0 million.
• Shell reported quarterly earnings of $3.86 per share, beating the $3.60 consensus estimate, while revenue of $92.85 billion fell short of forecasts. Its board also authorized a $5 billion share buyback.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $107.08.

Ashton Thomas Private Wealth LLC grew its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 308.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,809 shares of the energy company's stock after acquiring an additional 39,883 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Shell were worth $5,019,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Trust Co raised its stake in Shell by 3.3% during the 3rd quarter. Charles Schwab Trust Co now owns 3,148 shares of the energy company's stock valued at $299,000 after purchasing an additional 100 shares during the last quarter. Aviance Capital Partners LLC grew its position in Shell by 3.0% in the 3rd quarter. Aviance Capital Partners LLC now owns 3,408 shares of the energy company's stock worth $324,000 after purchasing an additional 100 shares during the last quarter. Ferguson Wellman Capital Management Inc. grew its position in Shell by 0.6% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 17,771 shares of the energy company's stock worth $1,689,000 after purchasing an additional 106 shares during the last quarter. CWA Asset Management Group LLC increased its holdings in shares of Shell by 4.1% during the 3rd quarter. CWA Asset Management Group LLC now owns 2,821 shares of the energy company's stock worth $268,000 after purchasing an additional 110 shares during the period. Finally, Vista Investment Partners LLC increased its holdings in shares of Shell by 2.1% during the 3rd quarter. Vista Investment Partners LLC now owns 5,651 shares of the energy company's stock worth $537,000 after purchasing an additional 116 shares during the period. Institutional investors and hedge funds own 28.60% of the company's stock.

Shell Price Performance

Shares of Shell stock opened at $99.03 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.09 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $283.71 billion, a price-to-earnings ratio of 8.60, a P/E/G ratio of 0.83 and a beta of 0.07. Shell PLC Unsponsored ADR has a 1-year low of $68.63 and a 1-year high of $109.37. The firm's 50-day moving average price is $99.09 and its two-hundred day moving average price is $88.88.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The energy company reported $3.86 earnings per share 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 analyst estimates of $93.25 billion. On average, equities analysts predict that Shell PLC Unsponsored ADR will post 12.29 earnings per share for the current fiscal year.

Shell announced that its board has authorized a share buyback plan on Thursday, October 29th that allows the company to repurchase $5 billion in shares. This buyback authorization allows the energy company to repurchase up to 1.7% of its stock through open market purchases. Share buyback plans are usually an indication that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Mizuho set a $103.00 target price on Shell in a research report on Monday, October 12th. Morgan Stanley raised Shell from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $81.60 to $101.30 in a report on Thursday, September 3rd. Zacks Research upgraded Shell from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 6th. Wall Street Zen raised Shell from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Finally, Wells Fargo & Company boosted their price objective on Shell from $105.00 to $116.00 and gave the company an "equal weight" rating in a research report on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $107.08.

Shell Company 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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