SFG Wealth Management LLC. Makes New Investment in Shell PLC Unsponsored ADR $SHEL

SFG Wealth Management LLC. purchased a new stake in Shell PLC Unsponsored ADR (NYSE:SHEL) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 5,711 shares of the energy company’s stock, valued at approximately $443,000.

Several other large investors have also made changes to their positions in SHEL. Brighton Jones LLC grew its position in Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock valued at $468,000 after acquiring an additional 2,545 shares during the period. Diversify Advisory Services LLC acquired a new position in shares of Shell in the 2nd quarter valued at about $854,000. Beese Fulmer Investment Management Inc. grew its holdings in shares of Shell by 111.5% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 42,090 shares of the energy company’s stock worth $3,093,000 after purchasing an additional 22,187 shares during the period. Jefferies Financial Group Inc. increased its position in Shell by 268.2% during the 2nd quarter. Jefferies Financial Group Inc. now owns 103,304 shares of the energy company’s stock worth $8,010,000 after purchasing an additional 75,249 shares in the last quarter. Finally, Quantitative Investment Management LLC acquired a new position in Shell during the second quarter valued at approximately $3,451,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SHEL has been the subject of several recent research reports. Weiss Ratings raised shares of Shell from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Erste Group Bank raised shares of Shell from a “hold” rating to a “buy” rating in a research report on Thursday, August 27th. Mizuho assumed coverage on Shell in a research report on Monday, July 20th. They issued a “neutral” rating and a $98.00 price objective on the stock. Zacks Research downgraded Shell from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Wells Fargo & Company raised their target price on Shell from $100.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Seven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $107.46.

Shell Stock Performance

Shell stock opened at $92.98 on Friday. Shell PLC Unsponsored ADR has a 12-month low of $68.63 and a 12-month high of $94.90. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.12. The company has a market capitalization of $260.67 billion, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 0.86 and a beta of 0.05. The firm’s fifty day moving average price is $87.65 and its 200 day moving average price is $86.83.

Shell (NYSE:SHEL) last announced its earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.29. The company had revenue of $94.66 billion during the quarter, compared to the consensus estimate of $86.22 billion. Shell had a return on equity of 14.34% and a net margin of 8.55%. On average, research analysts forecast that Shell PLC Unsponsored ADR will post 10.53 EPS for the current fiscal year.

Shell Company 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.