Shell PLC Unsponsored ADR $SHEL Stake Raised by U S Global Investors Inc.

U S Global Investors Inc. increased its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 33.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,000 shares of the energy company’s stock after buying an additional 6,000 shares during the quarter. U S Global Investors Inc.’s holdings in Shell were worth $2,281,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Engineers Gate Manager LP raised its holdings in Shell by 300.7% in the 2nd quarter. Engineers Gate Manager LP now owns 840,770 shares of the energy company’s stock valued at $65,193,000 after acquiring an additional 630,948 shares in the last quarter. Waverly Advisors LLC grew its holdings in shares of Shell by 307.1% during the 2nd quarter. Waverly Advisors LLC now owns 407,847 shares of the energy company’s stock worth $31,624,000 after purchasing an additional 307,671 shares in the last quarter. Cibc World Market Inc. grew its holdings in shares of Shell by 66.3% during the 2nd quarter. Cibc World Market Inc. now owns 586,039 shares of the energy company’s stock worth $45,441,000 after purchasing an additional 233,634 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Shell by 44.3% during the second quarter. Van ECK Associates Corp now owns 643,152 shares of the energy company’s stock valued at $49,870,000 after purchasing an additional 197,551 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Shell by 7.9% during the second quarter. Envestnet Asset Management Inc. now owns 2,352,694 shares of the energy company’s stock valued at $182,425,000 after purchasing an additional 171,873 shares during the period. 28.60% of the stock is currently owned by institutional investors.

Shell Price Performance

Shell stock opened at $105.77 on Friday. The business has a 50 day simple moving average of $96.34 and a 200 day simple moving average of $89.59. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.12. The company has a market capitalization of $303.01 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 0.88 and a beta of 0.10. Shell PLC Unsponsored ADR has a one year low of $68.63 and a one year high of $106.68.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.29. Shell had a return on equity of 14.34% and a net margin of 8.55%. The firm had revenue of $94.66 billion for the quarter, compared to analysts’ expectations of $86.22 billion. On average, sell-side analysts forecast that Shell PLC Unsponsored ADR will post 11.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on SHEL. Morgan Stanley set a $101.30 target price on Shell and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Wells Fargo & Company lifted their price target on shares of Shell from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Wall Street Zen raised shares of Shell from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. HSBC restated a “buy” rating on shares of Shell in a research note on Friday, September 25th. Finally, TD Cowen raised their price objective on shares of Shell from $107.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, September 28th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $106.63.

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.