Shell PLC Unsponsored ADR $SHEL Holdings Raised by Vise Technologies Inc.

Vise Technologies Inc. lifted its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL) by 12.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,290 shares of the energy company’s stock after acquiring an additional 6,505 shares during the period. Vise Technologies Inc.’s holdings in Shell were worth $5,540,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SHEL. Bank of America Corp DE increased its position in Shell by 1.9% in the 2nd quarter. Bank of America Corp DE now owns 7,709,715 shares of the energy company’s stock valued at $597,811,000 after buying an additional 146,988 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Shell by 7.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,352,694 shares of the energy company’s stock valued at $182,425,000 after buying an additional 171,873 shares during the last quarter. Palogic Value Management L.P. lifted its position in shares of Shell by 31.4% during the second quarter. Palogic Value Management L.P. now owns 54,698 shares of the energy company’s stock valued at $4,241,000 after purchasing an additional 13,080 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Shell by 86.6% during the 3rd quarter. IFP Advisors Inc now owns 25,800 shares of the energy company’s stock worth $2,452,000 after buying an additional 11,974 shares in the last quarter. Finally, Diversify Advisory Services LLC bought a new stake in Shell during the second quarter worth $854,000. Institutional investors own 28.60% of the company’s stock.

Shell Price Performance

Shares of Shell stock opened at $104.95 on Tuesday. Shell PLC Unsponsored ADR has a 12-month low of $68.63 and a 12-month high of $109.37. The firm has a market cap of $300.65 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 0.86 and a beta of 0.10. 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 company’s fifty day simple moving average is $98.33 and its two-hundred day simple moving average is $88.33.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, October 29th. The energy company reported $3.86 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.26. Shell had a return on equity of 14.34% and a net margin of 8.55%. The business had revenue of $92.85 billion during the quarter, compared to analyst estimates of $93.25 billion. As a group, equities analysts expect that Shell PLC Unsponsored ADR will post 11.94 EPS for the current year.

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

Analyst Ratings Changes

A number of research analysts have weighed in on SHEL shares. Wells Fargo & Company boosted their target price on shares of Shell from $105.00 to $116.00 and gave the company an “equal weight” rating in a research note on Friday. HSBC reiterated a “buy” rating on shares of Shell in a research report on Friday, September 25th. Wall Street Zen upgraded Shell from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Piper Sandler raised their target price on shares of Shell from $89.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. Finally, Mizuho set a $103.00 price objective on Shell in a report on Monday, October 12th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Shell presently has an average rating of “Moderate Buy” and an average target price of $107.86.

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.