Public Employees Retirement System of Ohio Grows Position in Shell PLC Unsponsored ADR $SHEL

Key Points

• Public Employees Retirement System of Ohio increased its Shell position by 65.8% in the second quarter, adding 104,786 shares for a total of 264,050 shares worth approximately $20.5 million.
• Shell reported quarterly EPS of $3.52, exceeding the $3.23 consensus estimate, while revenue of $94.66 billion also surpassed expectations.
• Analyst sentiment is mixed but improving: six analysts rate Shell a Buy and twelve rate it Hold, producing an overall Hold consensus and an average price target of $106.77.

Public Employees Retirement System of Ohio boosted its position in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 65.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 264,050 shares of the energy company's stock after purchasing an additional 104,786 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Shell were worth $20,474,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zions Bancorporation National Association UT lifted its position in Shell by 186.7% during 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 purchased a new position in shares of Shell during the fourth quarter valued at approximately $36,000. Kilter Group LLC boosted its position in shares of Shell by 83.1% in the 2nd quarter. Kilter Group LLC now owns 498 shares of the energy company's stock worth $39,000 after purchasing an additional 226 shares in the last quarter. Allied Private Wealth LLC purchased a new stake in shares of Shell in the 2nd quarter worth approximately $43,000. Finally, Elyxium Wealth LLC bought a new position in Shell during the 4th quarter valued at approximately $55,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Stock Performance

Shares of SHEL stock opened at $90.91 on Friday. The firm has a market capitalization of $254.87 billion, a PE ratio of 10.03, a P/E/G ratio of 0.60 and a beta of 0.05. The company has a 50 day moving average price of $86.20 and a 200-day moving average price of $86.34. Shell PLC Unsponsored ADR has a 52 week low of $68.63 and a 52 week high of $94.90. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL - Get Free Report) last posted its earnings results on Friday, July 31st. The energy company reported $3.52 EPS for the quarter, topping analysts' consensus estimates of $3.23 by $0.29. The business had revenue of $94.66 billion during the quarter, compared to the consensus estimate of $86.22 billion. Shell had a net margin of 8.55% and a return on equity of 14.34%. As a group, equities research analysts expect that Shell PLC Unsponsored ADR will post 10.38 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on SHEL. Jefferies Financial Group increased their target price on Shell to $122.40 and gave the stock a "buy" rating in a research note on Thursday, May 21st. HSBC raised Shell from a "hold" rating to a "buy" rating in a research report on Monday, May 18th. Wall Street Zen upgraded shares of Shell from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. TD Cowen reiterated a "buy" rating on shares of Shell in a research note on Thursday, July 2nd. Finally, Weiss Ratings upgraded shares of Shell from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 28th. Six research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $106.77.

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.

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