Public Employees Retirement System of Ohio Buys 104,786 Shares of Shell PLC Unsponsored ADR $SHEL

Public Employees Retirement System of Ohio lifted its stake in Shell PLC Unsponsored ADR (NYSE:SHEL) by 65.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 264,050 shares of the energy company’s stock after purchasing an additional 104,786 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Shell were worth $20,474,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHEL. Colonial Trust Advisors raised its stake in Shell by 9.5% during the 4th quarter. Colonial Trust Advisors now owns 1,488 shares of the energy company’s stock worth $109,000 after acquiring an additional 129 shares during the period. Financial Management Professionals Inc. increased its stake in shares of Shell by 2.9% in the second quarter. Financial Management Professionals Inc. now owns 4,800 shares of the energy company’s stock worth $372,000 after purchasing an additional 137 shares in the last quarter. Cornerstone Planning Group LLC raised its position in shares of Shell by 14.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 1,215 shares of the energy company’s stock valued at $109,000 after purchasing an additional 150 shares during the period. LRI Investments LLC boosted its holdings in Shell by 25.1% in the 4th quarter. LRI Investments LLC now owns 846 shares of the energy company’s stock worth $62,000 after buying an additional 170 shares during the period. Finally, Horizon Investments LLC increased its stake in Shell by 5.2% in the 4th quarter. Horizon Investments LLC now owns 3,703 shares of the energy company’s stock worth $272,000 after buying an additional 182 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SHEL. TD Cowen restated a “buy” rating on shares of Shell in a research report on Thursday, July 2nd. HSBC raised Shell from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Piper Sandler increased their price objective on shares of Shell from $88.00 to $89.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Erste Group Bank raised shares of Shell from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company raised their target price on shares of Shell from $100.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Six analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $106.77.

Shell Trading Up 0.2%

Shares of SHEL opened at $90.91 on Friday. The stock has a market capitalization of $254.87 billion, a PE ratio of 10.03, a P/E/G ratio of 0.60 and a beta of 0.05. The company’s fifty day moving average is $86.20 and its 200 day moving average is $86.34. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.43. Shell PLC Unsponsored ADR has a fifty-two week low of $68.63 and a fifty-two week high of $94.90.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Friday, July 31st. The energy company reported $3.52 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.29. Shell had a net margin of 8.55% and a return on equity of 14.34%. The business had revenue of $94.66 billion during the quarter, compared to analysts’ expectations of $86.22 billion. Sell-side analysts expect that Shell PLC Unsponsored ADR will post 10.38 earnings per share for the current fiscal year.

Shell 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.