Shell PLC Unsponsored ADR $SHEL Shares Sold by Equity Investment Corp

Equity Investment Corp lowered its position in Shell PLC Unsponsored ADR (NYSE:SHEL) by 2.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,032,428 shares of the energy company’s stock after selling 31,273 shares during the period. Equity Investment Corp’s holdings in Shell were worth $98,132,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Livelsberger Financial Advisory bought a new position in shares of Shell in the 3rd quarter worth $33,000. Pension & Wealth Management Advisors Inc. bought a new stake in Shell during the 3rd quarter valued at $35,000. DecisionPoint Financial LLC increased its stake in Shell by 73.3% during the 3rd quarter. DecisionPoint Financial LLC now owns 376 shares of the energy company’s stock valued at $36,000 after purchasing an additional 159 shares in the last quarter. Latitude Advisors LLC acquired a new position in Shell during the third quarter worth $38,000. Finally, Continuum Advisory LLC bought a new position in shares of Shell in the second quarter valued at $34,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Down 1.6%

Shell stock opened at $97.29 on Wednesday. Shell PLC Unsponsored ADR has a fifty-two week low of $68.63 and a fifty-two week high of $109.37. The stock has a market cap of $278.71 billion, a PE ratio of 8.45, a price-to-earnings-growth ratio of 0.82 and a beta of 0.07. The firm’s 50-day simple moving average is $99.36 and its 200 day simple moving average is $89.13. 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 (NYSE:SHEL) last posted its quarterly earnings data on Thursday, October 29th. The energy company reported $3.86 EPS for the quarter, beating the consensus estimate of $3.60 by $0.26. The firm had revenue of $92.85 billion during the quarter, compared to analyst estimates of $93.25 billion. Shell had a net margin of 9.96% and a return on equity of 16.86%. Research analysts predict that Shell PLC Unsponsored ADR will post 12.40 EPS for the current fiscal year.

Shell announced that its Board of Directors has approved a share buyback program on Thursday, October 29th that allows the company to buy back $5 billion in shares. This buyback authorization allows the energy company to purchase up to 1.7% of its shares through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SHEL shares. Wells Fargo & Company upped their target price on shares of Shell from $105.00 to $116.00 and gave the stock an “equal weight” rating in a report on Friday, October 30th. HSBC reiterated a “buy” rating on shares of Shell in a research note on Friday, September 25th. The Goldman Sachs Group reissued a “buy” rating on shares of Shell in a research note on Monday, November 2nd. Zacks Research upgraded Shell from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Shell in a research report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $107.08.

Shell Company Profile

Shell plc is a global energy company engaged in the exploration and production of oil and natural gas, natural gas liquefaction and marketing, and the refining and sale of fuels and other products. Its businesses also include chemicals, power and energy solutions, including lower-carbon offerings such as biofuels, hydrogen and electric-vehicle charging. The company serves customers and operates across regions worldwide. Its products and services reach consumers, businesses and industrial customers through activities such as fuel retailing, natural gas supply, chemicals production and energy trading.