Leo Wealth LLC Makes New Investment in Shell PLC Unsponsored ADR $SHEL

Key Points

• Leo Wealth LLC initiated a Shell position in the third quarter, buying 10,657 shares valued at approximately $1.013 million. Other institutional investors also increased their holdings, with institutions and hedge funds collectively owning 28.6% of Shell stock.
• Analyst sentiment is broadly positive: Shell has a consensus “Moderate Buy” rating and an average price target of $106.63, while several firms recently upgraded the stock or raised their targets.
• Shell reported quarterly earnings of $3.52 per share, exceeding the $3.23 consensus estimate, with revenue of $94.66 billion. Shares opened at $107.02, near the company’s 12-month high of $108.43.

Leo Wealth LLC purchased a new stake in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,657 shares of the energy company's stock, valued at approximately $1,013,000.

A number of other large investors have also recently bought and sold shares of SHEL. Pullen Investment Management LLC increased its stake in Shell by 5.2% in the third quarter. Pullen Investment Management LLC now owns 8,787 shares of the energy company's stock valued at $835,000 after purchasing an additional 436 shares during the period. Kingswood Wealth Advisors LLC boosted its stake in shares of Shell by 16.4% during the third quarter. Kingswood Wealth Advisors LLC now owns 3,857 shares of the energy company's stock worth $367,000 after buying an additional 543 shares during the period. Sigma Planning Corp boosted its stake in shares of Shell by 83.4% during the third quarter. Sigma Planning Corp now owns 17,121 shares of the energy company's stock worth $1,574,000 after buying an additional 7,785 shares during the period. Compass Ion Advisors LLC purchased a new position in shares of Shell during the third quarter worth about $220,000. Finally, Signaturefd LLC grew its holdings in shares of Shell by 2.0% during the third quarter. Signaturefd LLC now owns 65,331 shares of the energy company's stock worth $6,210,000 after buying an additional 1,310 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on SHEL shares. Piper Sandler upped their price objective on Shell from $89.00 to $100.00 and gave the company a "neutral" rating in a research note on Thursday, September 3rd. Weiss Ratings upgraded Shell from a "buy (b)" rating to a "buy (a-)" rating in a research note on Thursday, October 8th. Erste Group Bank raised Shell from a "hold" rating to a "buy" rating in a report on Thursday, August 27th. Zacks Research upgraded Shell from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 6th. Finally, Morgan Stanley set a $101.30 price target on Shell and gave the stock an "overweight" rating in a report on Thursday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $106.63.

Shell Stock Performance

Shares of SHEL stock opened at $107.02 on Tuesday. 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 50 day simple moving average of $96.97 and a 200-day simple moving average of $87.46. The company has a market cap of $306.58 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 0.89 and a beta of 0.10. Shell PLC Unsponsored ADR has a 12-month low of $68.63 and a 12-month high of $108.43.

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 for the quarter, beating analysts' consensus estimates of $3.23 by $0.29. Shell had a return on equity of 14.34% and a net margin of 8.55%. The firm had revenue of $94.66 billion for the quarter, compared to the consensus estimate of $86.22 billion. On average, equities analysts forecast that Shell PLC Unsponsored ADR will post 11.86 EPS for the current year.

Shell Profile

Shell plc is a global energy company headquartered in London, England. Its operations span the energy value chain, including the exploration, production, processing, trading and marketing of oil and natural gas. The company is also a major participant in liquefied natural gas (LNG), refining, chemicals and energy-related products.

Shell sells fuels, lubricants and other petroleum products through branded retail and commercial businesses, while also providing services to industrial, marine and aviation customers.

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