Shell PLC Unsponsored ADR $SHEL Shares Bought by Simplicity Wealth LLC

Simplicity Wealth LLC increased its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 84.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,485 shares of the energy company’s stock after buying an additional 4,794 shares during the period. Simplicity Wealth LLC’s holdings in Shell were worth $997,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SHEL. Bank of America Corp DE increased its position in Shell by 1.9% in 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 buying an additional 146,988 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of 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% during the 2nd 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 lifted its position 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 valued at $65,193,000 after buying an additional 630,948 shares during the last quarter. Finally, Jones Financial Companies Lllp grew 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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SHEL shares. Morgan Stanley set a $101.30 price objective on Shell and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Zacks Research upgraded shares of Shell from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Wells Fargo & Company lifted their target price on shares of Shell from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Wall Street Zen raised shares of Shell from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Finally, Erste Group Bank upgraded shares of Shell from a “hold” rating to a “buy” rating in a research note on Thursday, August 27th. Two investment 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $106.63.

Shell Stock Down 2.0%

Shares of SHEL opened at $104.73 on Wednesday. The firm’s 50 day simple moving average is $97.24 and its 200 day simple moving average is $87.63. Shell PLC Unsponsored ADR has a 1-year low of $68.63 and a 1-year high of $108.43.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Friday, July 31st. The energy company reported $3.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. On average, sell-side analysts anticipate that Shell PLC Unsponsored ADR will post 11.94 EPS for the current year.

Shell 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.