Shell PLC Unsponsored ADR $SHEL Shares Purchased by Leuthold Group LLC

Leuthold Group LLC raised its position in Shell PLC Unsponsored ADR (NYSE:SHEL) by 63.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,302 shares of the energy company’s stock after acquiring an additional 5,954 shares during the quarter. Leuthold Group LLC’s holdings in Shell were worth $1,454,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE grew its holdings in Shell by 1.9% during the second quarter. Bank of America Corp DE now owns 7,709,715 shares of the energy company’s stock worth $597,811,000 after purchasing an additional 146,988 shares during the period. Envestnet Asset Management Inc. raised its stake in Shell by 7.9% in the second quarter. Envestnet Asset Management Inc. now owns 2,352,694 shares of the energy company’s stock valued at $182,425,000 after buying an additional 171,873 shares during the period. First Eagle Investment Management LLC lifted its position in shares of Shell by 1.5% in the second quarter. First Eagle Investment Management LLC now owns 1,073,265 shares of the energy company’s stock valued at $83,221,000 after buying an additional 16,244 shares during the last quarter. Engineers Gate Manager LP boosted its stake in shares of Shell by 300.7% during the 2nd quarter. Engineers Gate Manager LP now owns 840,770 shares of the energy company’s stock worth $65,193,000 after acquiring an additional 630,948 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in shares of Shell by 5.2% during the 2nd quarter. Jones Financial Companies Lllp now owns 776,654 shares of the energy company’s stock worth $59,445,000 after acquiring an additional 38,212 shares during the period. Institutional investors own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SHEL. Zacks Research upgraded Shell from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. The Goldman Sachs Group reiterated a “buy” rating on shares of Shell in a report on Monday, November 2nd. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $81.60 to $101.30 in a research report on Thursday, September 3rd. Mizuho set a $103.00 target price on shares of Shell in a research note on Monday, October 12th. Finally, Royal Bank Of Canada reaffirmed a “neutral” rating on shares of Shell in a report on Thursday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.08.

Shell Stock Performance

NYSE:SHEL opened at $97.29 on Wednesday. The stock has a 50 day simple moving average of $99.36 and a 200 day simple moving average of $89.13. The stock has a market cap of $278.71 billion, a P/E ratio of 8.45, a PEG ratio of 0.82 and a beta of 0.07. Shell PLC Unsponsored ADR has a 1-year low of $68.63 and a 1-year high of $109.37. The company has a current ratio of 1.38, a quick ratio of 1.09 and a debt-to-equity ratio of 0.34.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, October 29th. The energy company reported $3.86 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.26. The firm had revenue of $92.85 billion for the quarter, compared to analyst estimates of $93.25 billion. Shell had a return on equity of 16.86% and a net margin of 9.96%. Research analysts anticipate that Shell PLC Unsponsored ADR will post 12.40 earnings per share for the current year.

Shell declared that its board has approved a share repurchase program on Thursday, October 29th that allows the company to buy back $5 billion in shares. This buyback authorization allows the energy company to buy up to 1.7% of its shares through open market purchases. Share buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

About Shell

Shell plc is a global energy company engaged in the exploration and production of oil and natural gas, natural gas liquefaction and marketing, and the refining and sale of fuels and other products. Its businesses also include chemicals, power and energy solutions, including lower-carbon offerings such as biofuels, hydrogen and electric-vehicle charging. The company serves customers and operates across regions worldwide. Its products and services reach consumers, businesses and industrial customers through activities such as fuel retailing, natural gas supply, chemicals production and energy trading.