Jefferies Financial Group Inc. Acquires 75,249 Shares of Shell PLC Unsponsored ADR $SHEL

Key Points

• Jefferies Financial Group increased its Shell holdings by 268.2% in the second quarter, purchasing 75,249 additional shares for a total of 103,304 shares valued at approximately $8.01 million.
• Analyst sentiment remains mixed: six analysts rate Shell a Buy and twelve rate it Hold, resulting in a consensus Hold rating and an average price target of $106.77.
• Shell reported quarterly EPS of $3.52, beating estimates of $3.23, while revenue of $94.66 billion exceeded expectations of $86.22 billion. The stock opened at $90.77 and has traded between $68.63 and $94.90 over the past year.

Jefferies Financial Group Inc. boosted its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 268.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,304 shares of the energy company's stock after purchasing an additional 75,249 shares during the period. Jefferies Financial Group Inc.'s holdings in Shell were worth $8,010,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SHEL. Brighton Jones LLC boosted its holdings in Shell by 51.7% during the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock valued at $468,000 after acquiring an additional 2,545 shares during the period. Diversify Advisory Services LLC bought a new stake in Shell in the second quarter valued at approximately $854,000. Beese Fulmer Investment Management Inc. boosted its stake in shares of Shell by 111.5% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 42,090 shares of the energy company's stock valued at $3,093,000 after purchasing an additional 22,187 shares during the period. Integrated Investment Consultants LLC grew its holdings in shares of Shell by 489.8% in the fourth quarter. Integrated Investment Consultants LLC now owns 19,569 shares of the energy company's stock worth $1,438,000 after purchasing an additional 16,251 shares during the last quarter. Finally, Foster & Motley Inc. purchased a new position in shares of Shell in the second quarter worth $1,379,000. Hedge funds and other institutional investors own 28.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. TD Cowen reissued a "buy" rating on shares of Shell in a research report on Thursday, July 2nd. Erste Group Bank upgraded shares of Shell from a "hold" rating to a "buy" rating in a report on Thursday. Weiss Ratings raised Shell from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, July 28th. Mizuho assumed coverage on Shell in a research report on Monday, July 20th. They set a "neutral" rating and a $98.00 price target for the company. Finally, Zacks Research cut Shell from a "strong-buy" rating to a "hold" rating in a report on Monday, May 25th. Six analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $106.77.

Shell Price Performance

SHEL stock opened at $90.77 on Friday. Shell PLC Unsponsored ADR has a 1 year low of $68.63 and a 1 year high of $94.90. The firm has a 50-day moving average of $85.95 and a 200 day moving average of $86.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.12. The company has a market cap of $254.46 billion, a P/E ratio of 10.02, a PEG ratio of 0.60 and a beta of 0.05.

Shell (NYSE:SHEL - Get Free Report) last released its 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 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, sell-side analysts forecast that Shell PLC Unsponsored ADR will post 10.36 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.

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