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

Summit Global Investments reduced its stake in Shell PLC Unsponsored ADR (NYSE:SHEL) by 50.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in SHEL. Bank of America Corp DE grew its holdings in Shell by 1.9% during the 2nd quarter. Bank of America Corp DE now owns 7,709,715 shares of the energy company’s stock worth $597,811,000 after acquiring 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 worth $182,425,000 after acquiring an additional 171,873 shares during the last quarter. Palogic Value Management L.P. lifted its position in shares of Shell by 31.4% during the second quarter. Palogic Value Management L.P. now owns 54,698 shares of the energy company’s stock worth $4,241,000 after purchasing an additional 13,080 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Shell by 86.6% during the third quarter. IFP Advisors Inc now owns 25,800 shares of the energy company’s stock worth $2,452,000 after purchasing an additional 11,974 shares in the last quarter. Finally, Diversify Advisory Services LLC bought a new stake in shares of Shell during the second quarter valued at approximately $854,000. 28.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SHEL. Wall Street Zen upgraded shares of Shell from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Piper Sandler increased their price objective on Shell from $89.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. Weiss Ratings raised Shell from a “buy (a-)” rating to a “buy (a)” rating in a research note on Friday. HSBC restated a “buy” rating on shares of Shell in a research report on Friday, September 25th. Finally, Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and set a $101.30 price target on the stock in a report on Thursday, September 3rd. Two 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 company. According to data from MarketBeat, Shell currently has an average rating of “Moderate Buy” and an average target price of $107.86.

Key Headlines Impacting Shell

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 Price Performance

SHEL opened at $108.76 on Monday. The company has a fifty day moving average price of $98.10 and a two-hundred day moving average price of $88.17. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.09 and a current ratio of 1.38. Shell PLC Unsponsored ADR has a 52 week low of $68.63 and a 52 week high of $109.37. The firm has a market capitalization of $311.57 billion, a PE ratio of 9.44, a P/E/G ratio of 0.89 and a beta of 0.07.

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

Shell declared that its Board of Directors has initiated a share buyback program on Thursday, October 29th that authorizes the company to buy back $5 billion in outstanding shares. This buyback authorization authorizes the energy company to reacquire up to 1.7% of its shares through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

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.