Emerald Investment Advisers LLC Buys 12,599 Shares of Shell PLC Unsponsored ADR $SHEL

Key Points

• Emerald Investment Advisers increased its Shell stake by 90.6% in the second quarter, purchasing 12,599 additional shares for a total of 26,510 shares valued at approximately $2.06 million. Institutional investors collectively own 28.6% of Shell.
• Shell reported quarterly EPS of $3.52, beating analyst expectations of $3.23, while revenue of $94.66 billion exceeded estimates of $86.22 billion.
• Shell shares recently traded at $93.39, near their 12-month high of $94.90. Analysts maintain a consensus “Hold” rating with a $106.77 average price target, despite several recent upgrades to “Buy” or “Strong Buy.”

Emerald Investment Advisers LLC grew its stake in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 90.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,510 shares of the energy company's stock after purchasing an additional 12,599 shares during the quarter. Emerald Investment Advisers LLC's holdings in Shell were worth $2,056,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Shell during the 4th quarter worth about $26,000. Zions Bancorporation National Association UT raised its holdings in Shell by 186.7% in the 4th quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company's stock valued at $35,000 after acquiring an additional 308 shares during the period. Nalls Sherbakoff Group LLC acquired a new stake in Shell during the fourth quarter worth approximately $36,000. Ares Financial Consulting LLC bought a new stake in shares of Shell during the fourth quarter worth approximately $38,000. Finally, Kilter Group LLC grew its position in shares of Shell by 83.1% in the second quarter. Kilter Group LLC now owns 498 shares of the energy company's stock valued at $39,000 after purchasing an additional 226 shares during the last quarter. Institutional investors own 28.60% of the company's stock.

Shell Price Performance

Shares of NYSE:SHEL opened at $93.39 on Friday. The firm has a 50 day moving average of $85.10 and a 200-day moving average of $85.81. Shell PLC Unsponsored ADR has a 12 month low of $68.63 and a 12 month high of $94.90. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $261.82 billion, a PE ratio of 10.31, a PEG ratio of 0.61 and a beta of 0.05.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.29. Shell had a net margin of 8.55% and a return on equity of 14.34%. The business had revenue of $94.66 billion for the quarter, compared to analyst estimates of $86.22 billion. On average, equities research analysts predict that Shell PLC Unsponsored ADR will post 10.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Erste Group Bank reissued a "hold" rating on shares of Shell in a report on Tuesday, May 5th. TD Cowen reiterated a "buy" rating on shares of Shell in a research report on Thursday, July 2nd. HSBC raised Shell from a "hold" rating to a "buy" rating in a report on Monday, May 18th. Piper Sandler upped their price target on shares of Shell from $88.00 to $89.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Finally, Wall Street Zen raised shares of Shell from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Five investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Shell presently has an average rating of "Hold" and a consensus price target of $106.77.

Trending Headlines about Shell

Here are the key news stories impacting Shell this week:

• Positive Sentiment: Shell and INDYCAR will introduce an updated 100% renewable race fuel in 2027, with production sourced from Indiana. The initiative strengthens Shell’s renewable-fuels technology profile, supports its energy-transition strategy, and provides high-visibility branding through motorsports. INDYCAR To Introduce Updated Shell 100% Renewable Race Fuel in 2027
• Positive Sentiment: An analysis of Shell’s acquisition of ARC Resources argues that the deal demonstrates portfolio flexibility amid Middle Eastern disruptions. ARC’s low-cost condensate production could improve supply resilience and help Shell adapt to geopolitical shocks, although the article does not provide new guidance on earnings or the transaction’s financial returns. Shell: ARC Acquisition Shows The Flexibility When Responding To The Middle East Situation
• Neutral Sentiment: Shell reiterated its safety commitment at a forum for contractors and company executives in Nigeria. The focus on operational safety may support Shell’s reputation and reduce long-term execution and liability risks, but no specific financial targets or new projects were announced. Shell reinforces safety commitment at CEO contractors forum

Shell Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source