Shell PLC Unsponsored ADR $SHEL Stock: International Assets Investment Management LLC Raises Position

International Assets Investment Management LLC increased its position in Shell PLC Unsponsored ADR (NYSE:SHEL) by 145.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 12,660 shares of the energy company’s stock after purchasing an additional 7,511 shares during the period. International Assets Investment Management LLC’s holdings in Shell were worth $1,203,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHEL. Lebenthal Global Advisors LLC raised its stake in Shell by 5.0% during the 3rd quarter. Lebenthal Global Advisors LLC now owns 15,537 shares of the energy company’s stock valued at $1,477,000 after purchasing an additional 744 shares during the period. Partners Wealth Management LLC purchased a new stake in shares of Shell in the third quarter valued at $273,000. Everett Harris & Co. CA boosted its position in shares of Shell by 2.5% in the third quarter. Everett Harris & Co. CA now owns 462,956 shares of the energy company’s stock worth $44,004,000 after buying an additional 11,097 shares during the period. Interchange Capital Partners LLC acquired a new stake in shares of Shell in the third quarter worth $245,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Shell during the third quarter valued at $33,000. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Trading Down 2.3%

Shares of NYSE:SHEL opened at $101.76 on Thursday. The firm has a fifty day moving average of $98.74 and a two-hundred day moving average of $88.62. The firm has a market capitalization of $291.51 billion, a P/E ratio of 8.83, a price-to-earnings-growth ratio of 0.87 and a beta of 0.07. Shell PLC Unsponsored ADR has a 12-month low of $68.63 and a 12-month high of $109.37. The company has a quick ratio of 1.09, a current ratio of 1.38 and a debt-to-equity ratio of 0.34.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, October 29th. The energy company reported $3.86 EPS for the quarter, beating the consensus estimate of $3.60 by $0.26. Shell had a net margin of 9.96% and a return on equity of 16.86%. The business had revenue of $92.85 billion for the quarter, compared to analysts’ expectations of $93.25 billion. On average, equities analysts expect that Shell PLC Unsponsored ADR will post 12.32 EPS for the current fiscal year.

Shell declared that its Board of Directors has authorized a stock repurchase program on Thursday, October 29th that permits the company to buy back $5 billion in shares. This repurchase authorization permits the energy company to reacquire up to 1.7% of its stock through open market purchases. Share repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

SHEL has been the topic of several recent analyst reports. Piper Sandler upped their price target on Shell from $89.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. The Goldman Sachs Group restated a “buy” rating on shares of Shell in a research report on Monday. Erste Group Bank upgraded Shell from a “hold” rating to a “buy” rating in a research report on Thursday, August 27th. Berenberg Bank reaffirmed a “buy” rating on shares of Shell in a research note on Monday, August 3rd. Finally, Wall Street Zen upgraded Shell from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $107.08.

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.