Shell PLC Unsponsored ADR $SHEL Stake Lifted by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its stake in Shell PLC Unsponsored ADR (NYSE:SHEL) by 8.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,557 shares of the energy company’s stock after buying an additional 9,519 shares during the period. TD Waterhouse Canada Inc.’s holdings in Shell were worth $9,690,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Bank of America Corp DE increased its stake in shares of Shell by 1.9% in the second quarter. Bank of America Corp DE now owns 7,709,715 shares of the energy company’s stock valued at $597,811,000 after purchasing an additional 146,988 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Shell by 5.2% during the second quarter. Jones Financial Companies Lllp now owns 776,654 shares of the energy company’s stock worth $59,445,000 after buying an additional 38,212 shares during the period. Van ECK Associates Corp grew its holdings in Shell by 44.3% in the 2nd quarter. Van ECK Associates Corp now owns 643,152 shares of the energy company’s stock worth $49,870,000 after buying an additional 197,551 shares in the last quarter. Cibc World Market Inc. increased its position in 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 acquiring an additional 233,634 shares during the period. Finally, Cullen Capital Management LLC boosted its position in Shell by 50.0% during the 2nd quarter. Cullen Capital Management LLC now owns 448,464 shares of the energy company’s stock worth $34,774,000 after acquiring an additional 149,430 shares during the period. Institutional investors own 28.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on SHEL. Jefferies Financial Group raised their price target on Shell to $122.40 and gave the company a “buy” rating in a report on Thursday, May 21st. HSBC upgraded shares of Shell from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Mizuho began coverage on shares of Shell in a research note on Monday, July 20th. They issued a “neutral” rating and a $98.00 price target for the company. Wall Street Zen upgraded shares of Shell from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, Wells Fargo & Company boosted their target price on Shell from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $107.46.

Shell Price Performance

NYSE:SHEL opened at $92.98 on Friday. Shell PLC Unsponsored ADR has a 52-week low of $68.63 and a 52-week high of $94.90. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The firm has a market cap of $260.67 billion, a P/E ratio of 10.26, a PEG ratio of 0.86 and a beta of 0.05. The business’s 50-day moving average price is $87.65 and its 200 day moving average price is $86.83.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Friday, July 31st. The energy company reported $3.52 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.29. The company had revenue of $94.66 billion during 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%. As a group, sell-side analysts predict that Shell PLC Unsponsored ADR will post 10.53 earnings per share for the current fiscal year.

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.