Palogic Value Management L.P. Buys 13,080 Shares of Shell PLC Unsponsored ADR $SHEL

Key Points

• Palogic Value Management increased its Shell position by 31.4% in the second quarter, buying 13,080 shares for a total holding of 54,698 shares valued at approximately $4.24 million.
• Several other institutional investors also expanded their Shell holdings, with institutional investors collectively owning 28.6% of the stock.
• Shell shares opened at $95.67, near their 52-week high, after the company beat quarterly earnings and revenue estimates. Analysts maintain a consensus “Hold” rating with an average price target of $107.46.

Palogic Value Management L.P. increased its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 31.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,698 shares of the energy company's stock after purchasing an additional 13,080 shares during the quarter. Shell accounts for approximately 0.9% of Palogic Value Management L.P.'s investment portfolio, making the stock its 23rd largest position. Palogic Value Management L.P.'s holdings in Shell were worth $4,241,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SHEL. Engineers Gate Manager LP boosted its position in shares of Shell by 300.7% during the 2nd quarter. Engineers Gate Manager LP now owns 840,770 shares of the energy company's stock worth $65,193,000 after acquiring an additional 630,948 shares in the last quarter. Waverly Advisors LLC raised its holdings in shares of Shell by 307.1% during the 2nd quarter. Waverly Advisors LLC now owns 407,847 shares of the energy company's stock worth $31,624,000 after buying an additional 307,671 shares in the last quarter. Cibc World Market Inc. boosted its stake in Shell by 66.3% in the second quarter. Cibc World Market Inc. now owns 586,039 shares of the energy company's stock valued at $45,441,000 after buying an additional 233,634 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Shell by 44.3% during the 2nd quarter. Van ECK Associates Corp now owns 643,152 shares of the energy company's stock valued at $49,870,000 after purchasing an additional 197,551 shares during the last quarter. Finally, Cullen Capital Management LLC boosted its position in Shell by 50.0% in the second quarter. Cullen Capital Management LLC now owns 448,464 shares of the energy company's stock valued at $34,774,000 after buying an additional 149,430 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Stock Up 0.4%

Shares of NYSE SHEL opened at $95.67 on Thursday. Shell PLC Unsponsored ADR has a 52-week low of $68.63 and a 52-week high of $96.27. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.43. The company's 50 day moving average price is $88.71 and its 200-day moving average price is $87.21. The company has a market capitalization of $268.21 billion, a P/E ratio of 10.56, a price-to-earnings-growth ratio of 0.85 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 earnings per share (EPS) for the quarter, beating 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. Equities analysts forecast that Shell PLC Unsponsored ADR will post 10.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on SHEL. Morgan Stanley set a $101.30 target price on shares of Shell and gave the stock an "overweight" rating in a research report on Thursday, September 3rd. Wall Street Zen upgraded shares of Shell from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Erste Group Bank raised shares of Shell from a "hold" rating to a "buy" rating in a research note on Thursday, August 27th. Zacks Research lowered Shell from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 25th. Finally, HSBC raised Shell from a "hold" rating to a "buy" rating in a report on Monday, May 18th. Seven investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $107.46.

About Shell

Shell plc is a global energy company headquartered in London, United Kingdom. Its operations span the exploration, production, processing, trading and marketing of energy resources, including crude oil, natural gas and liquefied natural gas (LNG).

The company also operates refineries, petrochemical and chemical businesses, fuel stations and other energy-marketing activities. Through its Energy Solutions operations, Shell provides renewable power, electric-vehicle charging, energy-efficiency services and lower-carbon fuels, while continuing to develop technologies and projects intended to reduce emissions from energy production and use.

Shell traces its history to the Royal Dutch Petroleum Company and the Shell Transport and Trading Company, which combined their operations in 1907.

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