Foster & Motley Inc. Invests $1.38 Million in Shell PLC Unsponsored ADR $SHEL

Foster & Motley Inc. acquired a new stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 17,790 shares of the energy company’s stock, valued at approximately $1,379,000.

Several other large investors have also made changes to their positions in the company. Allied Investment Advisors LLC increased its position in Shell by 2.5% during the 4th quarter. Allied Investment Advisors LLC now owns 196,452 shares of the energy company’s stock worth $14,435,000 after purchasing an additional 4,720 shares in the last quarter. Captrust Financial Advisors grew its stake in Shell by 30.4% during the 4th quarter. Captrust Financial Advisors now owns 180,630 shares of the energy company’s stock valued at $13,273,000 after purchasing an additional 42,129 shares in the last quarter. Adell Harriman & Carpenter Inc. increased its holdings in Shell by 4.7% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 156,733 shares of the energy company’s stock worth $11,517,000 after purchasing an additional 7,083 shares during the last quarter. SouthState Bank Corp boosted its stake in shares of Shell by 1.3% during the 4th quarter. SouthState Bank Corp now owns 84,933 shares of the energy company’s stock valued at $6,241,000 after buying an additional 1,060 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Shell by 452.6% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 74,296 shares of the energy company’s stock worth $6,910,000 after buying an additional 60,850 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Key Shell News

Here are the key news stories impacting Shell this week:

• Positive Sentiment: Shell’s unit signed engineering, procurement and construction (EPC) and operations-and-maintenance contracts for the 30-MW/60-MWh Bataan battery project. The agreements advance the project toward construction and long-term operation, supporting Shell’s power and energy-transition businesses, although the immediate earnings impact is likely limited. Shell’s Unit Signs EPC and O&M Contracts for Bataan Battery Project
• Positive Sentiment: Shell is partnering with McDonald’s to use the restaurant chain’s loyalty base to drive more fuel-station visits and rewards sign-ups. Increased customer traffic and loyalty engagement could support fuel volumes and convenience-store sales. Shell taps McDonald’s loyalty base to drive fuel trips, rewards sign-ups
• Neutral Sentiment: A Seeking Alpha analysis says Shell appears inexpensive, but argues the valuation is not compelling enough to warrant a buy recommendation and maintains a “hold” view. The assessment may limit bullish sentiment despite Shell’s low earnings multiple and recent strong financial performance. Shell Looks Cheap, But Not Compelling Enough To Buy

Shell Stock Performance

SHEL stock opened at $92.74 on Thursday. The company has a 50-day simple moving average of $84.78 and a 200 day simple moving average of $85.64. The company has a market capitalization of $260.00 billion, a P/E ratio of 10.24, a PEG ratio of 0.60 and a beta of 0.05. 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 PLC Unsponsored ADR has a fifty-two week low of $68.63 and a fifty-two week high of $94.90.

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

Wall Street Analyst Weigh In

SHEL has been the topic of several recent analyst reports. HSBC raised shares of Shell from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Scotiabank increased their price target on shares of Shell from $91.00 to $122.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Erste Group Bank reissued a “hold” rating on shares of Shell in a research report on Tuesday, May 5th. Jefferies Financial Group lifted their price objective on shares of Shell to $122.40 and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, Wells Fargo & Company increased their target price on shares of Shell from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $106.77.

About Shell

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.