Great Lakes Advisors LLC Acquires 8,659 Shares of Shell PLC Unsponsored ADR $SHEL

Great Lakes Advisors LLC increased its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 2.3% during the second quarter, Holdings Channel.com reports. The fund owned 385,622 shares of the energy company’s stock after purchasing an additional 8,659 shares during the quarter. Great Lakes Advisors LLC’s holdings in Shell were worth $29,901,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Colonial Trust Advisors raised its position in shares of Shell by 9.5% in the fourth quarter. Colonial Trust Advisors now owns 1,488 shares of the energy company’s stock valued at $109,000 after buying an additional 129 shares in the last quarter. Financial Management Professionals Inc. grew its position in Shell by 2.9% during the second quarter. Financial Management Professionals Inc. now owns 4,800 shares of the energy company’s stock worth $372,000 after buying an additional 137 shares in the last quarter. Cornerstone Planning Group LLC increased its stake in Shell by 14.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 1,215 shares of the energy company’s stock worth $109,000 after acquiring an additional 150 shares during the period. LRI Investments LLC raised its holdings in Shell by 25.1% in the 4th quarter. LRI Investments LLC now owns 846 shares of the energy company’s stock valued at $62,000 after acquiring an additional 170 shares in the last quarter. Finally, NBC Securities Inc. grew its holdings in shares of Shell by 1.9% during the 4th quarter. NBC Securities Inc. now owns 9,552 shares of the energy company’s stock worth $702,000 after purchasing an additional 176 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SHEL. Wells Fargo & Company boosted their price target on Shell from $100.00 to $105.00 and gave the company 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. Piper Sandler upped their price target on shares of Shell from $88.00 to $89.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. TD Cowen reiterated a “buy” rating on shares of Shell in a research report on Thursday, July 2nd. Finally, Erste Group Bank restated a “hold” rating on shares of Shell in a research report on Tuesday, May 5th. Five research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $102.17.

Shell Stock Performance

Shell stock opened at $92.05 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The stock has a market cap of $258.06 billion, a PE ratio of 10.16, a P/E/G ratio of 0.59 and a beta of 0.05. Shell PLC Unsponsored ADR has a 12-month low of $68.63 and a 12-month high of $94.90. The business’s 50-day moving average price is $84.65 and its two-hundred day moving average price is $85.53.

Shell (NYSE:SHEL) last posted its earnings results on Friday, July 31st. The energy company reported $3.52 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.29. The firm had revenue of $94.66 billion during the quarter, compared to analysts’ expectations of $86.22 billion. Shell had a net margin of 8.55% and a return on equity of 14.34%. As a group, analysts expect that Shell PLC Unsponsored ADR will post 10.36 earnings per share for the current fiscal year.

Shell Company Profile

Shell plc (NYSE: SHEL) is a global integrated energy company that operates across the full oil and gas value chain as well as in developing lower-carbon energy solutions. The company traces its roots to the early 20th century merger of Royal Dutch Petroleum and Shell Transport and Trading, and today it is organized to explore for and produce hydrocarbons, process and refine them, manufacture petrochemicals, and market fuel, lubricants and related products under the Shell brand around the world.

Shell’s principal activities include upstream exploration and production of oil and natural gas, integrated gas operations including liquefied natural gas (LNG), and downstream refining, supply and marketing.