Shell PLC Unsponsored ADR $SHEL Stake Lifted by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 145.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,660 shares of the energy company’s stock after acquiring an additional 7,511 shares during the quarter. International Assets Investment Management LLC’s holdings in Shell were worth $1,203,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHEL. Lebenthal Global Advisors LLC increased its position in shares of Shell by 5.0% during the 3rd quarter. Lebenthal Global Advisors LLC now owns 15,537 shares of the energy company’s stock valued at $1,477,000 after purchasing an additional 744 shares during the period. Partners Wealth Management LLC bought a new stake in shares of Shell in the 3rd quarter worth $273,000. Everett Harris & Co. CA lifted its holdings in shares of Shell by 2.5% in the third quarter. Everett Harris & Co. CA now owns 462,956 shares of the energy company’s stock valued at $44,004,000 after buying an additional 11,097 shares during the period. Interchange Capital Partners LLC acquired a new stake in shares of Shell in the third quarter valued at $245,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Shell in the third quarter valued at $33,000. Institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

Shares of NYSE SHEL opened at $101.76 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $291.51 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 0.87 and a beta of 0.07. The stock’s fifty day simple moving average is $98.74 and its 200 day simple moving average is $88.62. Shell PLC Unsponsored ADR has a 52-week low of $68.63 and a 52-week high of $109.37.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, October 29th. The energy company reported $3.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.60 by $0.26. Shell had a return on equity of 16.86% and a net margin of 9.96%. The company had revenue of $92.85 billion for the quarter, compared to analyst estimates of $93.25 billion. As a group, sell-side analysts forecast that Shell PLC Unsponsored ADR will post 12.32 earnings per share for the current fiscal year.

Shell announced that its board has initiated a stock buyback program on Thursday, October 29th that authorizes the company to buy back $5 billion in outstanding shares. This buyback authorization authorizes the energy company to buy up to 1.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Shell in a report on Wednesday, October 21st. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $81.60 to $101.30 in a research report on Thursday, September 3rd. Barclays reissued an “overweight” rating on shares of Shell in a report on Monday, October 5th. Piper Sandler raised their price objective on shares of Shell from $89.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. Finally, Erste Group Bank raised shares of Shell from a “hold” rating to a “buy” rating in a research note on Thursday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $107.08.

Shell Company 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.