Foster & Motley Inc. Makes New $1.38 Million Investment in Shell PLC Unsponsored ADR $SHEL

Foster & Motley Inc. purchased a new position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 17,790 shares of the energy company’s stock, valued at approximately $1,379,000.

A number of other large investors have also recently added to or reduced their stakes in SHEL. Brighton Jones LLC increased its position in shares of Shell by 51.7% during the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock worth $468,000 after purchasing an additional 2,545 shares during the last quarter. AQR Capital Management LLC boosted its stake in Shell by 70.1% during the first quarter. AQR Capital Management LLC now owns 32,564 shares of the energy company’s stock worth $2,386,000 after buying an additional 13,419 shares during the period. IHT Wealth Management LLC increased its position in shares of Shell by 31.6% during the second quarter. IHT Wealth Management LLC now owns 11,900 shares of the energy company’s stock valued at $838,000 after acquiring an additional 2,857 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of Shell by 5.5% in the 2nd quarter. Captrust Financial Advisors now owns 137,086 shares of the energy company’s stock valued at $9,652,000 after acquiring an additional 7,179 shares during the period. Finally, Horizon Investments LLC boosted its position in shares of Shell by 6.4% during the 3rd quarter. Horizon Investments LLC now owns 3,521 shares of the energy company’s stock worth $252,000 after purchasing an additional 211 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell News Summary

Here are the key news stories impacting Shell this week:

• Positive Sentiment: Shell’s unit signed engineering, procurement and construction (EPC) and operations-and-maintenance contracts for the 30-MW/60-MWh Bataan battery project. The agreements advance the project toward construction and long-term operation, supporting Shell’s power and energy-transition businesses, although the immediate earnings impact is likely limited. Shell’s Unit Signs EPC and O&M Contracts for Bataan Battery Project
• Positive Sentiment: Shell is partnering with McDonald’s to use the restaurant chain’s loyalty base to drive more fuel-station visits and rewards sign-ups. Increased customer traffic and loyalty engagement could support fuel volumes and convenience-store sales. Shell taps McDonald’s loyalty base to drive fuel trips, rewards sign-ups
• Neutral Sentiment: A Seeking Alpha analysis says Shell appears inexpensive, but argues the valuation is not compelling enough to warrant a buy recommendation and maintains a “hold” view. The assessment may limit bullish sentiment despite Shell’s low earnings multiple and recent strong financial performance. Shell Looks Cheap, But Not Compelling Enough To Buy

Analyst Upgrades and Downgrades

Several equities analysts have commented on SHEL shares. Weiss Ratings raised shares of Shell from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. HSBC raised Shell from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Piper Sandler lifted their target price on Shell from $88.00 to $89.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Jefferies Financial Group upped their price target on Shell to $122.40 and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, TD Cowen reaffirmed a “buy” rating on shares of Shell in a research report on Thursday, July 2nd. Five research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $106.77.

Shell Stock Performance

NYSE:SHEL opened at $92.74 on Thursday. 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 firm has a market cap of $260.00 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 0.60 and a beta of 0.05. The firm’s fifty day moving average price is $84.78 and its 200 day moving average price is $85.64. Shell PLC Unsponsored ADR has a 1-year low of $68.63 and a 1-year high of $94.90.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.23 by $0.29. The business had revenue of $94.66 billion during the quarter, compared to analysts’ expectations of $86.22 billion. Shell had a return on equity of 14.34% and a net margin of 8.55%. On average, sell-side analysts expect that Shell PLC Unsponsored ADR will post 10.36 EPS for the current 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.