Diversify Advisory Services LLC Buys New Position in Shell PLC Unsponsored ADR $SHEL

Diversify Advisory Services LLC bought a new stake in Shell PLC Unsponsored ADR (NYSE:SHEL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,015 shares of the energy company’s stock, valued at approximately $854,000.

Other large investors also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Shell in the fourth quarter valued at approximately $26,000. Zions Bancorporation National Association UT raised its stake in Shell by 186.7% during the 4th quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company’s stock valued at $35,000 after purchasing an additional 308 shares during the last quarter. Nalls Sherbakoff Group LLC bought a new stake in Shell in the 4th quarter valued at $36,000. Ares Financial Consulting LLC acquired a new stake in Shell in the 4th quarter worth $38,000. Finally, Allied Private Wealth LLC bought a new position in shares of Shell during the 2nd quarter worth about $43,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Performance

NYSE SHEL opened at $93.79 on Friday. Shell PLC Unsponsored ADR has a 1-year low of $68.63 and a 1-year high of $94.90. The company has a 50 day moving average of $84.94 and a 200-day moving average of $85.75. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. The firm has a market cap of $262.94 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 0.61 and a beta of 0.05.

Shell (NYSE:SHEL) last announced its earnings results on Friday, July 31st. The energy company reported $3.52 EPS for the quarter, topping the consensus estimate of $3.23 by $0.29. Shell had a return on equity of 14.34% and a net margin of 8.55%.The business had revenue of $94.66 billion for the quarter, compared to the consensus estimate of $86.22 billion. On average, equities analysts forecast that Shell PLC Unsponsored ADR will post 10.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SHEL. TD Cowen reiterated a “buy” rating on shares of Shell in a research note on Thursday, July 2nd. Jefferies Financial Group upped their price target on Shell to $122.40 and gave the company a “buy” rating in a report on Thursday, May 21st. HSBC upgraded Shell from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Zacks Research cut Shell from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Wells Fargo & Company upped their target price on Shell from $100.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Five research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $106.77.

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.