Shell PLC Unsponsored ADR $SHEL Stake Raised by Waverly Advisors LLC

Waverly Advisors LLC boosted its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 307.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 407,847 shares of the energy company’s stock after acquiring an additional 307,671 shares during the quarter. Waverly Advisors LLC’s holdings in Shell were worth $31,624,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of America Corp DE grew its holdings in shares of Shell by 1.9% during 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 in the last quarter. First Eagle Investment Management LLC increased its stake in Shell by 1.5% in the second quarter. First Eagle Investment Management LLC now owns 1,073,265 shares of the energy company’s stock valued at $83,221,000 after acquiring an additional 16,244 shares during the period. Jones Financial Companies Lllp raised its position in Shell by 5.2% in the second quarter. Jones Financial Companies Lllp now owns 776,654 shares of the energy company’s stock worth $59,445,000 after purchasing an additional 38,212 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Shell by 44.3% during the second 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 in the last quarter. Finally, Cibc World Market Inc. grew its stake in shares of Shell by 66.3% in the 2nd quarter. Cibc World Market Inc. now owns 586,039 shares of the energy company’s stock valued at $45,441,000 after purchasing an additional 233,634 shares during the period. 28.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on SHEL. Morgan Stanley set a $101.30 price objective on Shell and gave the company an “overweight” rating in a report on Thursday. Wall Street Zen upgraded Shell from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Wells Fargo & Company boosted their price objective on Shell from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Weiss Ratings raised Shell from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Finally, Piper Sandler boosted their target price on shares of Shell from $89.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. Seven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $107.46.

Shell Price Performance

Shares of SHEL stock traded up $2.40 during trading on Tuesday, hitting $95.34. The company had a trading volume of 7,422,240 shares, compared to its average volume of 7,057,794. The firm has a market capitalization of $267.30 billion, a P/E ratio of 10.52, a price-to-earnings-growth ratio of 0.85 and a beta of 0.05. Shell PLC Unsponsored ADR has a one year low of $68.63 and a one year high of $95.81. 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 stock’s 50-day moving average price is $87.97 and its 200 day moving average price is $86.99.

Shell (NYSE:SHEL) last posted 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 during the quarter, compared to the consensus estimate of $86.22 billion. Shell had a return on equity of 14.34% and a net margin of 8.55%. Equities analysts expect that Shell PLC Unsponsored ADR will post 10.53 EPS for the current fiscal year.

Shell 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.