Shell PLC Unsponsored ADR $SHEL Shares Newly Acquired by Leo Wealth LLC

Leo Wealth LLC bought a new position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,657 shares of the energy company’s stock, valued at approximately $1,013,000.

Other hedge funds also recently added to or reduced their stakes in the company. 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 in the last quarter. Waverly Advisors LLC increased its stake in Shell by 307.1% in the 2nd quarter. Waverly Advisors LLC now owns 407,847 shares of the energy company’s stock valued at $31,624,000 after purchasing an additional 307,671 shares in the last quarter. Cibc World Market Inc. raised its holdings in Shell by 66.3% during the second quarter. Cibc World Market Inc. now owns 586,039 shares of the energy company’s stock worth $45,441,000 after purchasing an additional 233,634 shares during the last quarter. Van ECK Associates Corp raised its holdings in Shell by 44.3% during the second quarter. Van ECK Associates Corp now owns 643,152 shares of the energy company’s stock worth $49,870,000 after purchasing an additional 197,551 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Shell by 7.9% during the second quarter. Envestnet Asset Management Inc. now owns 2,352,694 shares of the energy company’s stock worth $182,425,000 after purchasing an additional 171,873 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. TD Cowen raised their price target on Shell from $107.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, September 28th. UBS Group set a $90.00 price objective on shares of Shell in a research report on Friday, September 25th. Wall Street Zen raised shares of Shell from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Wells Fargo & Company raised their target price on shares of Shell from $100.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Finally, Mizuho set a $103.00 target price on shares of Shell in a research report on Monday, October 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $106.63.

Shell Price Performance

Shares of NYSE:SHEL opened at $107.02 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.43. The business’s fifty day moving average price is $96.97 and its two-hundred day moving average price is $87.46. The stock has a market cap of $306.58 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 0.89 and a beta of 0.10. Shell PLC Unsponsored ADR has a one year low of $68.63 and a one year high of $108.43.

Shell (NYSE:SHEL) last released its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.29. Shell had a return on equity of 14.34% and a net margin of 8.55%. The company had revenue of $94.66 billion during the quarter, compared to analysts’ expectations of $86.22 billion. On average, analysts forecast that Shell PLC Unsponsored ADR will post 11.86 EPS for the current fiscal 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.