M Holdings Securities Inc. Purchases 13,065 Shares of Shell PLC Unsponsored ADR $SHEL

Key Points

• M Holdings Securities opened a Shell position in the third quarter, buying 13,065 shares valued at approximately $1.33 million. Institutional investors collectively own 28.6% of Shell’s stock.
• Shell reported quarterly EPS of $3.86, beating the $3.60 consensus estimate, though revenue of $92.85 billion came in below forecasts. The company also authorized a $5 billion buyback, covering up to 1.7% of shares.
• Analysts rate Shell a consensus Moderate Buy, with an average price target of $107.08; the shares opened at $98.78 in the article’s cited session.

M Holdings Securities Inc. purchased a new stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,065 shares of the energy company's stock, valued at approximately $1,333,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Trust Co grew its position in Shell by 3.3% in the 3rd quarter. Charles Schwab Trust Co now owns 3,148 shares of the energy company's stock valued at $299,000 after buying an additional 100 shares in the last quarter. Aviance Capital Partners LLC lifted its stake in shares of 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 acquiring an additional 100 shares during the period. Ferguson Wellman Capital Management Inc. lifted its stake in shares of 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 acquiring an additional 106 shares during the period. CWA Asset Management Group LLC boosted its holdings in shares of Shell by 4.1% in the third quarter. CWA Asset Management Group LLC now owns 2,821 shares of the energy company's stock valued at $268,000 after acquiring an additional 110 shares in the last quarter. Finally, Vista Investment Partners LLC boosted its holdings in shares of Shell by 2.1% in the third quarter. Vista Investment Partners LLC now owns 5,651 shares of the energy company's stock valued at $537,000 after acquiring an additional 116 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors.

Shell Stock Down 0.3%

NYSE SHEL opened at $98.78 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 1.09. The company's 50 day simple moving average is $99.24 and its 200 day simple moving average is $89.01. Shell PLC Unsponsored ADR has a 12 month low of $68.63 and a 12 month high of $109.37. The company has a market capitalization of $282.98 billion, a P/E ratio of 8.57, a PEG ratio of 0.86 and a beta of 0.07.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The energy company reported $3.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.26. The firm had revenue of $92.85 billion for the quarter, compared to analyst estimates of $93.25 billion. Shell had a net margin of 9.96% and a return on equity of 16.86%. Equities research analysts expect that Shell PLC Unsponsored ADR will post 12.29 earnings per share for the current fiscal year.

Shell announced that its board has initiated a stock buyback program on Thursday, October 29th that authorizes the company to buy back $5 billion in outstanding shares. This buyback authorization authorizes the energy company to buy up to 1.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

SHEL has been the topic of several recent analyst reports. Berenberg Bank reissued a "buy" rating on shares of Shell in a report on Monday, August 3rd. Barclays reaffirmed an "overweight" rating on shares of Shell in a research note on Monday, October 5th. HSBC reiterated a "buy" rating on shares of Shell in a research report on Friday, September 25th. Erste Group Bank raised Shell from a "hold" rating to a "buy" rating in a research note on Thursday, August 27th. Finally, Weiss Ratings upgraded Shell from a "buy (a-)" rating to a "buy (a)" rating in a report on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $107.08.

Shell 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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