Trust Co. of Vermont Makes New $561,000 Investment in Shell PLC Unsponsored ADR $SHEL

Trust Co. of Vermont bought a new position in Shell PLC Unsponsored ADR (NYSE:SHEL) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,232 shares of the energy company’s stock, valued at approximately $561,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. BI Asset Management Fondsmaeglerselskab A S grew its stake in Shell by 452.6% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 74,296 shares of the energy company’s stock valued at $6,910,000 after purchasing an additional 60,850 shares during the period. Captrust Financial Advisors grew its position in Shell by 30.4% during the fourth quarter. Captrust Financial Advisors now owns 180,630 shares of the energy company’s stock valued at $13,273,000 after buying an additional 42,129 shares during the period. Beese Fulmer Investment Management Inc. increased its holdings in Shell by 111.5% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 42,090 shares of the energy company’s stock worth $3,093,000 after buying an additional 22,187 shares during the last quarter. Integrated Investment Consultants LLC raised its position in Shell by 489.8% in the fourth quarter. Integrated Investment Consultants LLC now owns 19,569 shares of the energy company’s stock worth $1,438,000 after acquiring an additional 16,251 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of Shell by 70.1% during the 1st quarter. AQR Capital Management LLC now owns 32,564 shares of the energy company’s stock valued at $2,386,000 after acquiring an additional 13,419 shares during the period. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Stock Up 0.5%

Shares of NYSE SHEL opened at $92.05 on Wednesday. The business has a 50-day simple moving average of $84.65 and a two-hundred day simple moving average of $85.53. Shell PLC Unsponsored ADR has a 52 week low of $68.63 and a 52 week high of $94.90. The company has a market cap of $258.06 billion, a P/E ratio of 10.16, a P/E/G ratio of 0.59 and a beta of 0.05. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.36.

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 the consensus estimate of $3.23 by $0.29. The firm had revenue of $94.66 billion for the quarter, compared to analysts’ expectations of $86.22 billion. Shell had a net margin of 8.55% and a return on equity of 14.34%. Research analysts anticipate that Shell PLC Unsponsored ADR will post 10.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SHEL shares. TD Cowen reaffirmed a “buy” rating on shares of Shell in a report on Thursday, July 2nd. Scotiabank raised their target price on Shell from $91.00 to $122.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Mizuho assumed coverage on Shell in a research report on Monday, July 20th. They set a “neutral” rating and a $98.00 price target on the stock. Weiss Ratings upgraded Shell from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Finally, Erste Group Bank restated a “hold” rating on shares of Shell in a research note on Tuesday, May 5th. Five research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $102.17.

Shell Profile

Shell plc (NYSE: SHEL) is a global integrated energy company that operates across the full oil and gas value chain as well as in developing lower-carbon energy solutions. The company traces its roots to the early 20th century merger of Royal Dutch Petroleum and Shell Transport and Trading, and today it is organized to explore for and produce hydrocarbons, process and refine them, manufacture petrochemicals, and market fuel, lubricants and related products under the Shell brand around the world.

Shell’s principal activities include upstream exploration and production of oil and natural gas, integrated gas operations including liquefied natural gas (LNG), and downstream refining, supply and marketing.