Shell PLC Unsponsored ADR $SHEL Shares Acquired by Leuthold Group LLC

Leuthold Group LLC increased its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 63.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,302 shares of the energy company’s stock after purchasing an additional 5,954 shares during the quarter. Leuthold Group LLC’s holdings in Shell were worth $1,454,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Engineers Gate Manager LP raised its position in shares of Shell by 300.7% during the second quarter. Engineers Gate Manager LP now owns 840,770 shares of the energy company’s stock worth $65,193,000 after purchasing an additional 630,948 shares during the period. Waverly Advisors LLC lifted 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 valued at $31,624,000 after purchasing an additional 307,671 shares in the last quarter. Cibc World Market Inc. grew its position in shares of 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 purchasing an additional 233,634 shares during the period. Van ECK Associates Corp grew its position in shares of Shell by 44.3% in the 2nd 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 stake in Shell by 7.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,352,694 shares of the energy company’s stock worth $182,425,000 after purchasing an additional 171,873 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. The Goldman Sachs Group restated a “buy” rating on shares of Shell in a report on Monday, November 2nd. Jefferies Financial Group reiterated a “buy” rating on shares of Shell in a report on Thursday, October 29th. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $81.60 to $101.30 in a research report on Thursday, September 3rd. Mizuho set a $103.00 price objective on shares of Shell in a report on Monday, October 12th. Finally, Weiss Ratings raised shares of Shell from a “buy (a-)” rating to a “buy (a)” rating in a research report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $107.08.

Shell Stock Down 1.6%

NYSE:SHEL opened at $97.29 on Wednesday. The stock has a 50-day simple moving average of $99.36 and a 200 day simple moving average of $89.13. Shell PLC Unsponsored ADR has a 52-week low of $68.63 and a 52-week high of $109.37. The company has a market cap of $278.71 billion, a PE ratio of 8.45, a PEG ratio of 0.82 and a beta of 0.07. 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 (NYSE:SHEL) last announced its earnings results on Thursday, October 29th. The energy company reported $3.86 EPS for the quarter, topping the consensus estimate of $3.60 by $0.26. The business had revenue of $92.85 billion during the quarter, compared to analysts’ expectations of $93.25 billion. Shell had a net margin of 9.96% and a return on equity of 16.86%. On average, sell-side analysts expect that Shell PLC Unsponsored ADR will post 12.40 EPS for the current fiscal year.

Shell declared that its board has authorized a share buyback plan on Thursday, October 29th that authorizes the company to repurchase $5 billion in shares. This repurchase authorization authorizes the energy company to reacquire up to 1.7% of its shares through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Shell Company 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.