13,065 Shares in Shell PLC Unsponsored ADR $SHEL Acquired by M Holdings Securities Inc.

M Holdings Securities Inc. acquired a new position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 13,065 shares of the energy company’s stock, valued at approximately $1,333,000.

Other large investors also recently added to or reduced their stakes in the company. Livelsberger Financial Advisory purchased a new stake in shares of Shell in the third quarter valued at $33,000. Pension & Wealth Management Advisors Inc. purchased a new position in shares of Shell during the third quarter valued at $35,000. DecisionPoint Financial LLC raised its position in Shell by 73.3% during the third quarter. DecisionPoint Financial LLC now owns 376 shares of the energy company’s stock valued at $36,000 after buying an additional 159 shares during the period. Latitude Advisors LLC acquired a new position in Shell during the third quarter valued at $38,000. Finally, Continuum Advisory LLC purchased a new stake in Shell in the 2nd quarter worth about $34,000. 28.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Shell from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. TD Cowen upped their target price on Shell from $107.00 to $115.00 and gave the company a “buy” rating in a report on Monday, September 28th. Weiss Ratings raised shares of Shell from a “buy (a-)” rating to a “buy (a)” rating in a research report on Friday, October 30th. Barclays restated an “overweight” rating on shares of Shell in a report on Monday, October 5th. Finally, Wells Fargo & Company boosted their price objective on shares of Shell from $105.00 to $116.00 and gave the company an “equal weight” rating in a research report on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Shell presently has an average rating of “Moderate Buy” and an average price target of $107.08.

Shell Trading Down 0.3%

Shell stock opened at $98.78 on Tuesday. Shell PLC Unsponsored ADR has a one year low of $68.63 and a one year high of $109.37. The company’s fifty day moving average price is $99.24 and its two-hundred day moving average price is $89.01. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 1.09. The company has a market capitalization of $282.98 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 0.86 and a beta of 0.07.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, October 29th. The energy company reported $3.86 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.26. The company had revenue of $92.85 billion during the quarter, compared to analysts’ expectations of $93.25 billion. Shell had a return on equity of 16.86% and a net margin of 9.96%. On average, analysts forecast that Shell PLC Unsponsored ADR will post 12.29 earnings per share for the current fiscal year.

Shell declared that its board has approved a share buyback plan on Thursday, October 29th that permits the company to buy back $5 billion in outstanding shares. This repurchase authorization permits the energy company to reacquire up to 1.7% of its shares through open market purchases. Share repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

Shell Profile

Shell plc is a global energy company engaged in the exploration and production of oil and natural gas, natural gas liquefaction and marketing, and the refining and sale of fuels and other products. Its businesses also include chemicals, power and energy solutions, including lower-carbon offerings such as biofuels, hydrogen and electric-vehicle charging.

The company serves customers and operates across regions worldwide. Its products and services reach consumers, businesses and industrial customers through activities such as fuel retailing, natural gas supply, chemicals production and energy trading.

Shell traces its history to the 1907 merger of Royal Dutch Petroleum and the U.K.’s Shell Transport and Trading Company.