TD Waterhouse Canada Inc. Raises Stock Position in Shell PLC Unsponsored ADR $SHEL

TD Waterhouse Canada Inc. boosted its stake in Shell PLC Unsponsored ADR (NYSE:SHEL) by 8.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,557 shares of the energy company’s stock after purchasing an additional 9,519 shares during the period. TD Waterhouse Canada Inc.’s holdings in Shell were worth $9,690,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Continuum Advisory LLC acquired a new position in Shell during the 2nd quarter worth approximately $34,000. Zions Bancorporation National Association UT raised its stake in shares of Shell by 186.7% during the fourth 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 period. Nalls Sherbakoff Group LLC acquired a new position in shares of Shell during the fourth quarter worth $36,000. Kilter Group LLC boosted its stake in shares of Shell by 83.1% in the second quarter. Kilter Group LLC now owns 498 shares of the energy company’s stock valued at $39,000 after purchasing an additional 226 shares during the period. Finally, Allied Private Wealth LLC purchased a new stake in Shell during the 2nd quarter worth $43,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

Shares of SHEL opened at $92.98 on Friday. The stock has a market capitalization of $260.67 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 0.86 and a beta of 0.05. The business’s fifty day moving average price is $87.65 and its 200 day moving average price is $86.83. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.12. Shell PLC Unsponsored ADR has a 12-month low of $68.63 and a 12-month high of $94.90.

Shell (NYSE:SHEL) last released its earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.29. Shell had a net margin of 8.55% and a return on equity of 14.34%. The firm had revenue of $94.66 billion during the quarter, compared to analyst estimates of $86.22 billion. Equities research analysts forecast that Shell PLC Unsponsored ADR will post 10.53 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. HSBC raised Shell from a “hold” rating to a “buy” rating in a report on Monday, May 18th. TD Cowen restated a “buy” rating on shares of Shell in a research note on Thursday, July 2nd. Erste Group Bank upgraded shares of Shell from a “hold” rating to a “buy” rating in a research note on Thursday, August 27th. Weiss Ratings raised shares of Shell from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Finally, Piper Sandler increased their price target on shares of Shell from $89.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday. Seven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $107.46.

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.