Shell PLC Unsponsored ADR $SHEL Shares Bought by D.A. Davidson & CO.

Key Points

• D.A. Davidson & Co. increased its Shell stake by 11.7% in the third quarter, acquiring 17,737 additional shares for a total holding of 168,701 shares valued at approximately $16.0 million.
• Shell reported quarterly EPS of $3.86, beating analyst expectations, while revenue of $92.85 billion fell slightly short of forecasts. Results were supported by unusually strong refining margins and energy-market disruption.
• Shell authorized a $5 billion share-buyback program and declared a quarterly dividend of $0.3906 per ordinary share. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $106.63.

D.A. Davidson & CO. boosted its stake in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 11.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,701 shares of the energy company's stock after acquiring an additional 17,737 shares during the period. D.A. Davidson & CO.'s holdings in Shell were worth $16,035,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of Shell by 1.9% in the 2nd quarter. Bank of America Corp DE now owns 7,709,715 shares of the energy company's stock worth $597,811,000 after purchasing an additional 146,988 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Shell by 7.9% during the second quarter. Envestnet Asset Management Inc. now owns 2,352,694 shares of the energy company's stock worth $182,425,000 after buying an additional 171,873 shares during the period. First Eagle Investment Management LLC increased its position in shares of Shell by 1.5% during the second quarter. First Eagle Investment Management LLC now owns 1,073,265 shares of the energy company's stock worth $83,221,000 after buying an additional 16,244 shares during the period. Engineers Gate Manager LP raised its stake in Shell by 300.7% during the second quarter. Engineers Gate Manager LP now owns 840,770 shares of the energy company's stock worth $65,193,000 after buying an additional 630,948 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in Shell by 5.2% during the second quarter. Jones Financial Companies Lllp now owns 776,654 shares of the energy company's stock worth $59,445,000 after buying an additional 38,212 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Morgan Stanley raised shares of Shell from an "equal weight" rating to an "overweight" rating and set a $101.30 price target on the stock in a research report on Thursday, September 3rd. HSBC reissued a "buy" rating on shares of Shell in a research report on Friday, September 25th. Wall Street Zen raised Shell from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Zacks Research upgraded Shell from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 6th. Finally, Mizuho set a $103.00 target price on Shell in a research note on Monday, October 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $106.63.

Key Headlines Impacting Shell

Here are the key news stories impacting Shell this week:

• Positive Sentiment: Profit nearly doubled year over year: Shell reported third-quarter adjusted earnings of approximately $10.8 billion, exceeding expectations, while adjusted EBITDA reached $22.7 billion. Strong operational performance and elevated energy-market disruption supported the results. Reuters article
• Positive Sentiment: Record refining margins drove the earnings beat: Refining and fuel-market spreads surged, helping offset lower realized oil and liquids prices compared with the second quarter. Shell also maximized diesel production amid a supply crunch, benefiting its downstream operations. CNBC article
• Positive Sentiment: Shareholder returns increased: Shell announced a fresh $5 billion share-buyback program, supported by stronger earnings and cash flow. The board also declared a third-quarter interim dividend of $0.3906 per ordinary share, reinforcing the company’s capital-return appeal. 247WallSt article
• Positive Sentiment: Results surpassed analyst expectations: Shell reported quarterly EPS of $3.86 versus the $3.60 consensus estimate, although revenue of $92.85 billion was slightly below the $93.25 billion forecast. Shell press release
• Neutral Sentiment: Shell announced the intended 2027 quarterly dividend timetable, with the next ADS ex-dividend date scheduled for February 19, 2027, and payment scheduled for March 30, 2027. Shell dividend timetable
• Negative Sentiment: The quarter benefited heavily from unusually high refining margins and geopolitical disruption. Analysts cautioned that refining profitability can normalize, while lower upstream commodity prices could limit the durability of current earnings. Motley Fool article

Shell Stock Up 2.5%

Shares of NYSE SHEL opened at $107.78 on Friday. The firm has a market cap of $308.78 billion, a PE ratio of 11.74, a P/E/G ratio of 0.86 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. The company's fifty day simple moving average is $97.80 and its 200 day simple moving average is $87.99. 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 quarterly earnings results on Thursday, October 29th. The energy company reported $3.86 EPS for the quarter, topping analysts' consensus estimates of $3.54 by $0.32. Shell had a net margin of 8.55% and a return on equity of 14.34%. The business had revenue of $92.85 billion during the quarter, compared to analysts' expectations of $93.25 billion. As a group, sell-side analysts forecast that Shell PLC Unsponsored ADR will post 11.94 earnings per share for the current fiscal year.

Shell announced that its Board of Directors has approved a share repurchase plan on Thursday, October 29th that permits the company to repurchase $5 billion in shares. This repurchase authorization permits the energy company to repurchase up to 1.7% of its stock through open market purchases. Share repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

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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