U S Global Investors Inc. Purchases 6,000 Shares of Shell PLC Unsponsored ADR $SHEL

U S Global Investors Inc. grew its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 33.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,000 shares of the energy company’s stock after buying an additional 6,000 shares during the quarter. U S Global Investors Inc.’s holdings in Shell were worth $2,281,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of Shell by 1.9% in the second quarter. Bank of America Corp DE now owns 7,709,715 shares of the energy company’s stock valued at $597,811,000 after acquiring an additional 146,988 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Shell by 7.9% during the 2nd 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. First Eagle Investment Management LLC grew its position in Shell by 1.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,073,265 shares of the energy company’s stock worth $83,221,000 after acquiring an additional 16,244 shares during the last quarter. Engineers Gate Manager LP increased its holdings in Shell by 300.7% during the 2nd quarter. Engineers Gate Manager LP now owns 840,770 shares of the energy company’s stock valued at $65,193,000 after purchasing an additional 630,948 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in Shell by 5.2% during the 2nd quarter. Jones Financial Companies Lllp now owns 776,654 shares of the energy company’s stock valued at $59,445,000 after purchasing an additional 38,212 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Mizuho set a $103.00 price objective on Shell in a research report on Monday, October 12th. Barclays restated an “overweight” rating on shares of Shell in a report on Monday, October 5th. HSBC restated a “buy” rating on shares of Shell in a research note on Friday, September 25th. Weiss Ratings upgraded shares of Shell from a “buy (b)” rating to a “buy (a-)” rating in a research report on Thursday, October 8th. Finally, Piper Sandler boosted their target price on shares of Shell from $89.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $106.63.

Shell Price Performance

Shares of SHEL stock opened at $105.77 on Friday. 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 52-week low of $68.63 and a 52-week high of $106.68. The firm’s 50 day moving average price is $96.34 and its two-hundred day moving average price is $89.59. The stock has a market cap of $303.01 billion, a PE ratio of 11.76, a PEG ratio of 0.88 and a beta of 0.10.

Shell (NYSE:SHEL) last released its quarterly earnings data on Friday, July 31st. The energy company reported $3.52 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.29. The business 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%. As a group, analysts forecast that Shell PLC Unsponsored ADR will post 11.62 EPS for the current 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.