Quantitative Investment Management LLC bought a new stake in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 44,507 shares of the energy company's stock, valued at approximately $3,451,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in Shell by 51.7% during the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock worth $468,000 after buying an additional 2,545 shares in the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of Shell in the second quarter valued at approximately $854,000. Beese Fulmer Investment Management Inc. lifted its holdings in Shell by 111.5% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 42,090 shares of the energy company's stock worth $3,093,000 after buying an additional 22,187 shares in the last quarter. Jefferies Financial Group Inc. increased its stake in shares of Shell by 268.2% in the 2nd quarter. Jefferies Financial Group Inc. now owns 103,304 shares of the energy company's stock valued at $8,010,000 after buying an additional 75,249 shares during the period. Finally, Integrated Investment Consultants LLC increased its position in 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 period. 28.60% of the stock is owned by institutional investors and hedge funds.
Shell Stock Performance
SHEL opened at $90.91 on Monday. 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 capitalization of $254.87 billion, a price-to-earnings ratio of 10.03, a P/E/G ratio of 0.60 and a beta of 0.05. Shell PLC Unsponsored ADR has a 1 year low of $68.63 and a 1 year high of $94.90. The business's 50-day moving average price is $86.20 and its two-hundred day moving average price is $86.40.
Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 EPS for the quarter, topping 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 firm had revenue of $94.66 billion for the quarter, compared to analysts' expectations of $86.22 billion. Equities analysts expect that Shell PLC Unsponsored ADR will post 10.38 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research firms recently weighed in on SHEL. Weiss Ratings raised shares of Shell from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, July 28th. Erste Group Bank upgraded shares of Shell from a "hold" rating to a "buy" rating in a research report on Thursday. Wall Street Zen raised Shell from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Wells Fargo & Company increased their target price on Shell from $100.00 to $105.00 and gave the company an "equal weight" rating in a research note on Friday, July 31st. Finally, HSBC upgraded shares of Shell from a "hold" rating to a "buy" rating in a report on Monday, May 18th. Six investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $106.77.
Read Our Latest Research Report on SHEL
About Shell
(
Free Report)
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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