10,949 Shell PLC Unsponsored ADR $SHEL Shares Sold by Summit Global Investments

Summit Global Investments cut its position in Shell PLC Unsponsored ADR (NYSE:SHEL) by 50.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,609 shares of the energy company’s stock after selling 10,949 shares during the period. Summit Global Investments’ holdings in Shell were worth $1,008,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Trust Co grew its holdings in shares of Shell by 3.3% in the 3rd quarter. Charles Schwab Trust Co now owns 3,148 shares of the energy company’s stock valued at $299,000 after buying an additional 100 shares during the period. Ferguson Wellman Capital Management Inc. raised its stake in Shell by 0.6% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 17,771 shares of the energy company’s stock worth $1,689,000 after buying an additional 106 shares during the period. CWA Asset Management Group LLC lifted its holdings in Shell by 4.1% during the third quarter. CWA Asset Management Group LLC now owns 2,821 shares of the energy company’s stock worth $268,000 after acquiring an additional 110 shares in the last quarter. Vista Investment Partners LLC grew its stake in Shell by 2.1% in the third quarter. Vista Investment Partners LLC now owns 5,651 shares of the energy company’s stock valued at $537,000 after acquiring an additional 116 shares during the period. Finally, Frank Rimerman Advisors LLC grew its stake in Shell by 0.6% in the third quarter. Frank Rimerman Advisors LLC now owns 21,404 shares of the energy company’s stock valued at $2,034,000 after acquiring an additional 123 shares during the period. 28.60% of the stock is owned by institutional investors.

Shell News Roundup

Here are the key news stories impacting Shell this week:

• Positive Sentiment: Major earnings beat: Shell reported third-quarter adjusted earnings of approximately $10.8 billion, more than double the year-earlier result and above expectations. Record refining margins, along with stronger gas and LNG prices, drove the improvement. Reported EPS of $3.86 also exceeded the $3.54 consensus, although revenue was slightly below estimates. Reuters earnings report
• Positive Sentiment: $5 billion share buyback: Shell authorized repurchases of up to 1.7% of its shares, signaling confidence in cash flow and potentially supporting per-share earnings. The larger buyback was enabled by higher quarterly cash generation. Zacks earnings call highlights
• Positive Sentiment: LNG growth remains a strategic tailwind: Management highlighted expansion in liquefied natural gas and continued operational execution, reinforcing Shell’s position in a business expected to provide relatively resilient long-term energy demand. Zacks LNG and buyback article
• Positive Sentiment: Analyst price-target increase: Wells Fargo raised its target from $105 to $116 while retaining an “equal weight” rating, implying additional potential upside but also signaling that valuation is becoming more balanced. Wells Fargo analyst recommendations
• Neutral Sentiment: Shell declared a quarterly interim dividend of $0.3906 per share and published the 2027 dividend timetable, providing continued visibility for income-focused investors. Shell dividend announcement
• Negative Sentiment: Earnings quality and geopolitical risks warrant caution: Refining margins are unusually high and could retreat, while Middle East disruptions are supporting prices but creating operational and demand uncertainty. CEO Wael Sawan said it is too early to assess the disruptions’ long-term effect on oil demand. Shell CEO comments on supply disruptions

Shell Trading Up 0.1%

NYSE:SHEL opened at $108.76 on Monday. The company has a market cap of $311.57 billion, a P/E ratio of 9.44, a price-to-earnings-growth ratio of 0.89 and a beta of 0.07. Shell PLC Unsponsored ADR has a twelve month low of $68.63 and a twelve month high of $109.37. The business has a 50 day moving average price of $98.10 and a two-hundred day moving average price of $88.17. The company has a quick ratio of 1.09, a current ratio of 1.38 and a debt-to-equity ratio of 0.34.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Friday, October 30th. The energy company reported $3.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.26. The company had revenue of $92.85 billion for the quarter, compared to the consensus estimate of $93.25 billion. Shell had a net margin of 9.96% and a return on equity of 16.86%. As a group, analysts expect that Shell PLC Unsponsored ADR will post 11.94 EPS for the current fiscal year.

Shell announced that its Board of Directors has approved a stock 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 purchase up to 1.7% of its stock through open market purchases. Share buyback programs are usually an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

SHEL has been the subject of several recent analyst reports. Weiss Ratings upgraded Shell from a “buy (a-)” rating to a “buy (a)” rating in a report on Friday. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and set a $101.30 price objective on the stock in a report on Thursday, September 3rd. TD Cowen boosted their price objective on Shell from $107.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, September 28th. Wells Fargo & Company increased their target price on Shell from $105.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, UBS Group set a $90.00 target price on shares of Shell in a report on Friday, September 25th. Two research 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. Based on data from MarketBeat, Shell currently has a consensus rating of “Moderate Buy” and an average price target of $107.86.

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.