Shell PLC Unsponsored ADR $SHEL Stock Acquired by Garrett Wealth Advisory Group LLC

Garrett Wealth Advisory Group LLC lifted its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 34.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,847 shares of the energy company’s stock after purchasing an additional 7,410 shares during the quarter. Shell accounts for about 0.4% of Garrett Wealth Advisory Group LLC’s portfolio, making the stock its 26th biggest position. Garrett Wealth Advisory Group LLC’s holdings in Shell were worth $2,742,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Bank of America Corp DE raised its holdings in Shell by 1.9% in the 2nd quarter. Bank of America Corp DE now owns 7,709,715 shares of the energy company’s stock valued at $597,811,000 after acquiring an additional 146,988 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Shell by 7.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,352,694 shares of the energy company’s stock valued at $182,425,000 after acquiring an additional 171,873 shares during the period. First Eagle Investment Management LLC grew its holdings in shares of Shell by 1.5% during 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 increased its stake in Shell by 300.7% in the 2nd quarter. Engineers Gate Manager LP now owns 840,770 shares of the energy company’s stock valued at $65,193,000 after buying an additional 630,948 shares during the last quarter. Finally, Jones Financial Companies Lllp increased 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 purchasing an additional 38,212 shares during the last quarter. Institutional investors own 28.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SHEL shares. Erste Group Bank upgraded Shell from a “hold” rating to a “buy” rating in a research report on Thursday, August 27th. UBS Group set a $90.00 price target on Shell in a research report on Friday, September 25th. TD Cowen raised their price target on shares of Shell from $107.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, September 28th. Morgan Stanley set a $101.30 target price on Shell and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Finally, Barclays reaffirmed an “overweight” rating on shares of Shell in a research note on Monday, October 5th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $106.63.

Shell Trading Up 2.2%

NYSE:SHEL opened at $108.17 on Friday. The stock has a market cap of $309.88 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 0.89 and a beta of 0.10. Shell PLC Unsponsored ADR has a 52 week low of $68.63 and a 52 week high of $108.43. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The company’s 50 day moving average price is $96.69 and its 200-day moving average price is $89.72.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.29. The firm 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, equities research analysts forecast that Shell PLC Unsponsored ADR will post 11.62 earnings per share for the current fiscal year.

Shell News Roundup

Here are the key news stories impacting Shell this week:

• Positive Sentiment: Refining outlook supports earnings: Higher third-quarter refining margins could help Shell exceed consensus earnings expectations. The ARC Resources acquisition may also expand Canadian gas reserves and support future LNG Canada growth, providing potential long-term production and cash-flow benefits. Shell: Refining Should Continue To Drive Earnings Higher
• Positive Sentiment: Strong technical momentum: Shell reached $108.18, marking its second 52-week high in one week. The new high reinforces market momentum and investor demand for the shares. Shell Reaches $108.18, Its Second 52-Week High in a Week
• Positive Sentiment: Favorable analyst positioning: Zacks highlighted SHEL as a value candidate, a top momentum stock, and a highly ranked oil-and-energy opportunity. These assessments reflect supportive valuation and earnings-estimate trends, although they are not company guidance. Should Value Investors Buy Shell Stock?
• Neutral Sentiment: Potential Infineum transaction: Shell- and Exxon-owned additives venture Infineum is reportedly exploring an $8 billion sale. A transaction could eventually unlock value, but the report describes exploratory discussions rather than a completed deal. Market Chatter: Shell- and Exxon-Owned Infineum Explores $8 Billion Sale
• Neutral Sentiment: Growth investment in Kazakhstan: Shell is considering expanded seismic work and a deep well in Kazakhstan. The project could improve exploration prospects but also carries execution, capital-spending, and exploration risks. Shell Eyes Major Seismic Push and Deep Well in Kazakhstan

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.