Great Lakes Advisors LLC Has $29.90 Million Stake in Shell PLC Unsponsored ADR $SHEL

Great Lakes Advisors LLC lifted its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 385,622 shares of the energy company’s stock after buying an additional 8,659 shares during the period. Great Lakes Advisors LLC’s holdings in Shell were worth $29,901,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Shell by 51.7% in the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock valued at $468,000 after purchasing an additional 2,545 shares during the last quarter. AQR Capital Management LLC grew its position in Shell by 70.1% in the first quarter. AQR Capital Management LLC now owns 32,564 shares of the energy company’s stock valued at $2,386,000 after purchasing an additional 13,419 shares in the last quarter. IHT Wealth Management LLC increased its stake in Shell by 31.6% in the 2nd quarter. IHT Wealth Management LLC now owns 11,900 shares of the energy company’s stock valued at $838,000 after buying an additional 2,857 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Shell by 5.5% during the 2nd quarter. Captrust Financial Advisors now owns 137,086 shares of the energy company’s stock worth $9,652,000 after buying an additional 7,179 shares during the last quarter. Finally, Horizon Investments LLC grew its holdings in shares of Shell by 6.4% in the 3rd quarter. Horizon Investments LLC now owns 3,521 shares of the energy company’s stock valued at $252,000 after acquiring an additional 211 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. TD Cowen reissued a “buy” rating on shares of Shell in a research report on Thursday, July 2nd. Wells Fargo & Company increased their price objective on Shell from $100.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Jefferies Financial Group raised their target price on shares of Shell to $122.40 and gave the company a “buy” rating in a research note on Thursday, May 21st. Piper Sandler upped their price target on shares of Shell from $88.00 to $89.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen raised shares of Shell from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Five research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, Shell presently has an average rating of “Hold” and an average target price of $102.17.

Shell Stock Performance

NYSE SHEL opened at $92.05 on Wednesday. The stock has a market cap of $258.06 billion, a PE ratio of 10.16, a P/E/G ratio of 0.59 and a beta of 0.05. 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 firm has a 50-day moving average of $84.65 and a 200-day moving average of $85.53. Shell PLC Unsponsored ADR has a 52-week low of $68.63 and a 52-week high of $94.90.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.29. The business had revenue of $94.66 billion for the quarter, compared to analyst estimates of $86.22 billion. Shell had a net margin of 8.55% and a return on equity of 14.34%. On average, sell-side analysts anticipate that Shell PLC Unsponsored ADR will post 10.36 EPS for the current year.

Shell Company Profile

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.