Shell PLC Unsponsored ADR $SHEL Stock Acquired by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC grew its stake in Shell PLC Unsponsored ADR (NYSE:SHEL) by 162.8% during the third quarter, HoldingsChannel reports. The fund owned 18,322 shares of the energy company’s stock after acquiring an additional 11,349 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Shell were worth $1,742,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SHEL. Bank of America Corp DE boosted its position in 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 purchasing an additional 146,988 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Shell by 7.9% in 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 last quarter. Palogic Value Management L.P. raised its holdings in Shell by 31.4% in the second quarter. Palogic Value Management L.P. now owns 54,698 shares of the energy company’s stock worth $4,241,000 after purchasing an additional 13,080 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Shell by 86.6% in the 3rd quarter. IFP Advisors Inc now owns 25,800 shares of the energy company’s stock valued at $2,452,000 after buying an additional 11,974 shares in the last quarter. Finally, Diversify Advisory Services LLC bought a new stake in shares of Shell in the 2nd quarter valued at about $854,000. 28.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SHEL has been the subject of several recent analyst reports. UBS Group set a $90.00 price objective on shares of Shell in a research note on Friday, September 25th. Erste Group Bank raised shares of Shell from a “hold” rating to a “buy” rating in a research report on Thursday, August 27th. Wall Street Zen upgraded shares of Shell from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. HSBC reaffirmed a “buy” rating on shares of Shell in a report on Friday, September 25th. Finally, Weiss Ratings raised Shell from a “buy (a-)” rating to a “buy (a)” rating in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Shell presently has an average rating of “Moderate Buy” and a consensus price target of $107.86.

Shell Trading Up 0.1%

Shell stock opened at $108.76 on Monday. The stock has a 50-day moving average of $98.10 and a two-hundred day moving average of $88.17. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.09 and a current ratio of 1.38. Shell PLC Unsponsored ADR has a one year low of $68.63 and a one year high of $109.37. The stock has a market cap of $311.57 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 0.89 and a beta of 0.07.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Friday, October 30th. The energy company reported $3.86 earnings per share 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 business had revenue of $92.85 billion for the quarter, compared to analyst estimates of $93.25 billion. On average, research analysts anticipate that Shell PLC Unsponsored ADR will post 11.94 EPS for the current fiscal year.

Shell announced that its board has approved a share repurchase program on Thursday, October 29th that authorizes the company to repurchase $5 billion in shares. This repurchase authorization authorizes the energy company to purchase up to 1.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Shell 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.