6,505 Shell PLC Unsponsored ADR $SHEL Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. raised its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 12.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,290 shares of the energy company’s stock after buying an additional 6,505 shares during the quarter. Vise Technologies Inc.’s holdings in Shell were worth $5,540,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Global Assets Advisory LLC purchased a new position in Shell in the 3rd quarter worth approximately $215,000. MGO One Seven LLC lifted its holdings in Shell by 4.6% in the third quarter. MGO One Seven LLC now owns 5,493 shares of the energy company’s stock valued at $522,000 after acquiring an additional 242 shares during the period. Americana Partners LLC increased its holdings in Shell by 0.6% during the third quarter. Americana Partners LLC now owns 247,641 shares of the energy company’s stock valued at $23,538,000 after buying an additional 1,393 shares during the last quarter. Aprio Wealth Management LLC raised its holdings in Shell by 14.8% in the 3rd quarter. Aprio Wealth Management LLC now owns 14,262 shares of the energy company’s stock worth $1,356,000 after purchasing an additional 1,835 shares during the period. Finally, Modera Wealth Management LLC raised its stake in shares of Shell by 17.5% in the third quarter. Modera Wealth Management LLC now owns 6,935 shares of the energy company’s stock worth $659,000 after buying an additional 1,033 shares during the period. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Trading Down 3.4%

Shares of NYSE:SHEL opened at $104.95 on Tuesday. The firm has a market capitalization of $300.65 billion, a P/E ratio of 11.74, a P/E/G ratio of 0.86 and a beta of 0.10. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.12. The business’s 50-day moving average is $98.33 and its 200 day moving average is $88.33. Shell PLC Unsponsored ADR has a 1 year low of $68.63 and a 1 year high of $109.37.

Shell (NYSE:SHEL) last released its earnings results on Thursday, October 29th. The energy company reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.26. The firm had revenue of $92.85 billion for the quarter, compared to the consensus estimate of $93.25 billion. Shell had a return on equity of 14.34% and a net margin of 8.55%. On average, research analysts predict that Shell PLC Unsponsored ADR will post 11.94 earnings per share for the current fiscal year.

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

Analyst Ratings Changes

SHEL has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on Shell from $105.00 to $116.00 and gave the company an “equal weight” rating in a report on Friday. Mizuho set a $103.00 price objective on shares of Shell in a research report on Monday, October 12th. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and set a $101.30 target price for the company in a report on Thursday, September 3rd. Zacks Research upgraded shares of Shell from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Finally, TD Cowen increased their target price on Shell from $107.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, September 28th. 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 company. According to MarketBeat, Shell has a consensus rating of “Moderate Buy” and an average price target of $107.86.

Shell Company 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.