Shell PLC Unsponsored ADR $SHEL Position Boosted by Willis Investment Counsel

Willis Investment Counsel increased its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 2.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 300,089 shares of the energy company’s stock after buying an additional 8,081 shares during the period. Shell accounts for 1.2% of Willis Investment Counsel’s holdings, making the stock its 24th biggest position. Willis Investment Counsel’s holdings in Shell were worth $28,523,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lazari Capital Management Inc. acquired a new stake in shares of Shell during the 3rd quarter valued at about $226,000. Jeppson Wealth Management LLC acquired a new position in Shell in the 3rd quarter worth about $202,000. CWA Asset Management Group LLC boosted its position 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 purchasing an additional 110 shares in the last quarter. Cordatus Wealth Management LLC purchased a new position in Shell during the third quarter worth approximately $700,000. Finally, Investment Research Partners LLC grew its holdings in Shell by 6.1% in the third quarter. Investment Research Partners LLC now owns 10,007 shares of the energy company’s stock valued at $951,000 after purchasing an additional 574 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Price Performance

Shares of NYSE:SHEL traded up $0.41 during trading on Tuesday, reaching $105.23. The stock had a trading volume of 3,745,856 shares, compared to its average volume of 6,956,913. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.43. Shell PLC Unsponsored ADR has a 1-year low of $68.63 and a 1-year high of $106.68. The stock has a market cap of $301.45 billion, a PE ratio of 11.62, a PEG ratio of 0.89 and a beta of 0.10. The business has a fifty day moving average price of $95.42 and a 200-day moving average price of $89.32.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Friday, July 31st. The energy company reported $3.52 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $86.22 billion. On average, equities analysts forecast that Shell PLC Unsponsored ADR will post 11.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. UBS Group set a $90.00 price objective on Shell in a research report on Friday, September 25th. Piper Sandler increased their target price on Shell from $89.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. Mizuho set a $103.00 price target on shares of Shell in a research note on Monday, October 12th. TD Cowen boosted their price target on shares of Shell from $107.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, September 28th. Finally, Morgan Stanley set a $101.30 price objective on shares of Shell and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Shell has a consensus rating of “Moderate Buy” and a consensus target price of $106.63.

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.