10,574 Shell PLC Unsponsored ADR $SHEL Shares Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its position in Shell PLC Unsponsored ADR (NYSE:SHEL) by 10.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,933 shares of the energy company’s stock after purchasing an additional 10,574 shares during the period. Kestra Advisory Services LLC’s holdings in Shell were worth $10,544,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SHEL. Livelsberger Financial Advisory bought a new position in shares of Shell during the 3rd quarter worth approximately $33,000. Continuum Advisory LLC purchased a new stake in shares of Shell during the second quarter valued at approximately $34,000. Pension & Wealth Management Advisors Inc. purchased a new stake in shares of Shell during the third quarter valued at approximately $35,000. DecisionPoint Financial LLC lifted its holdings in Shell by 73.3% during the third quarter. DecisionPoint Financial LLC now owns 376 shares of the energy company’s stock worth $36,000 after acquiring an additional 159 shares during the period. Finally, Latitude Advisors LLC purchased a new position in Shell in the third quarter worth $38,000. 28.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $81.60 to $101.30 in a research report on Thursday, September 3rd. The Goldman Sachs Group reiterated a “buy” rating on shares of Shell in a research note on Monday, November 2nd. Erste Group Bank raised Shell from a “hold” rating to a “buy” rating in a research report on Thursday, August 27th. Weiss Ratings upgraded shares of Shell from a “buy (a-)” rating to a “buy (a)” rating in a research note on Friday, October 30th. Finally, UBS Group restated a “neutral” rating on shares of Shell in a research report on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $107.08.

Shell Trading Down 0.3%

Shares of SHEL opened at $98.78 on Tuesday. The firm’s 50 day simple moving average is $99.24 and its 200 day simple moving average is $89.01. Shell PLC Unsponsored ADR has a 1-year low of $68.63 and a 1-year high of $109.37. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 1.09. The company has a market capitalization of $282.98 billion, a P/E ratio of 9.29, a P/E/G ratio of 0.86 and a beta of 0.07.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, October 29th. The energy company reported $3.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.26. The firm had revenue of $92.85 billion during the quarter, compared to analyst estimates of $93.25 billion. Shell had a return on equity of 16.86% and a net margin of 9.96%. Sell-side analysts forecast that Shell PLC Unsponsored ADR will post 12.29 earnings per share for the current fiscal year.

Shell declared that its board has approved a share repurchase plan on Thursday, October 29th that allows the company to repurchase $5 billion in outstanding shares. This buyback authorization allows the energy company to repurchase up to 1.7% of its stock through open market purchases. Share buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Shell Company Profile

Shell plc is a global energy company engaged in the exploration and production of oil and natural gas, natural gas liquefaction and marketing, and the refining and sale of fuels and other products. Its businesses also include chemicals, power and energy solutions, including lower-carbon offerings such as biofuels, hydrogen and electric-vehicle charging.

The company serves customers and operates across regions worldwide. Its products and services reach consumers, businesses and industrial customers through activities such as fuel retailing, natural gas supply, chemicals production and energy trading.

Shell traces its history to the 1907 merger of Royal Dutch Petroleum and the U.K.’s Shell Transport and Trading Company.