Palogic Value Management L.P. Acquires 13,080 Shares of Shell PLC Unsponsored ADR $SHEL

Palogic Value Management L.P. boosted its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL) by 31.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 54,698 shares of the energy company’s stock after purchasing an additional 13,080 shares during the quarter. Shell accounts for 0.9% of Palogic Value Management L.P.’s investment portfolio, making the stock its 23rd biggest holding. Palogic Value Management L.P.’s holdings in Shell were worth $4,241,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SHEL. Bank of America Corp DE boosted its position in shares of Shell by 1.9% during 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 buying an additional 146,988 shares during the last quarter. First Eagle Investment Management LLC grew its stake in shares of Shell by 1.5% in the 2nd quarter. First Eagle Investment Management LLC now owns 1,073,265 shares of the energy company’s stock worth $83,221,000 after acquiring an additional 16,244 shares in the last quarter. Engineers Gate Manager LP raised its holdings in shares of Shell by 300.7% in the second quarter. Engineers Gate Manager LP now owns 840,770 shares of the energy company’s stock valued at $65,193,000 after purchasing an additional 630,948 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in 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 purchasing an additional 38,212 shares during the last quarter. Finally, Van ECK Associates Corp grew its position 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 purchasing an additional 197,551 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on SHEL shares. Zacks Research cut shares of Shell from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Wall Street Zen raised Shell from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Jefferies Financial Group boosted their price objective on Shell to $122.40 and gave the stock a “buy” rating in a research report on Thursday, May 21st. HSBC raised Shell from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Finally, Wells Fargo & Company increased their price target on shares of Shell from $100.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $107.46.

Shell Stock Up 0.4%

SHEL stock opened at $95.67 on Thursday. The stock has a fifty day moving average of $88.71 and a 200-day moving average of $87.21. Shell PLC Unsponsored ADR has a fifty-two week low of $68.63 and a fifty-two week high of $96.27. The company has a market capitalization of $268.21 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 0.85 and a beta of 0.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.43.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.29. The company had revenue of $94.66 billion for 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, equities research analysts predict that Shell PLC Unsponsored ADR will post 10.77 earnings per share for the current year.

Shell Company Profile

Shell plc is a global energy company headquartered in London, United Kingdom. Its operations span the exploration, production, processing, trading and marketing of energy resources, including crude oil, natural gas and liquefied natural gas (LNG).

The company also operates refineries, petrochemical and chemical businesses, fuel stations and other energy-marketing activities. Through its Energy Solutions operations, Shell provides renewable power, electric-vehicle charging, energy-efficiency services and lower-carbon fuels, while continuing to develop technologies and projects intended to reduce emissions from energy production and use.

Shell traces its history to the Royal Dutch Petroleum Company and the Shell Transport and Trading Company, which combined their operations in 1907.