Shell PLC Unsponsored ADR $SHEL Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. reduced its position in Shell PLC Unsponsored ADR (NYSE:SHEL) by 31.4% during the third quarter, Holdings Channel reports. The institutional investor owned 70,822 shares of the energy company’s stock after selling 32,482 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Shell were worth $6,732,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of Shell by 1.9% during the 2nd quarter. Bank of America Corp DE now owns 7,709,715 shares of the energy company’s stock valued at $597,811,000 after purchasing an additional 146,988 shares during the last quarter. Envestnet Asset Management Inc. grew its stake 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 buying an additional 171,873 shares during the last quarter. Palogic Value Management L.P. increased its position in Shell by 31.4% during the 2nd quarter. Palogic Value Management L.P. now owns 54,698 shares of the energy company’s stock valued at $4,241,000 after buying an additional 13,080 shares in the last quarter. IFP Advisors Inc raised its stake in Shell by 86.6% in the third quarter. IFP Advisors Inc now owns 25,800 shares of the energy company’s stock valued at $2,452,000 after buying an additional 11,974 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in Shell in the second quarter valued at about $854,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SHEL has been the subject of several research reports. Jefferies Financial Group reiterated a “buy” rating on shares of Shell in a research note on Thursday, October 29th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Shell in a report on Wednesday, October 21st. Weiss Ratings upgraded Shell from a “buy (a-)” rating to a “buy (a)” rating in a research note on Friday, October 30th. Erste Group Bank raised Shell from a “hold” rating to a “buy” rating in a report on Thursday, August 27th. Finally, Barclays restated an “overweight” rating on shares of Shell in a research note on Monday, October 5th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $107.08.

Shell Price Performance

Shares of NYSE SHEL opened at $98.61 on Friday. The firm has a market cap of $282.48 billion, a PE ratio of 8.56, a PEG ratio of 0.81 and a beta of 0.07. The firm has a fifty day moving average of $99.56 and a 200 day moving average of $89.38. 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 PLC Unsponsored ADR has a one year low of $68.63 and a one year high of $109.37.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, October 29th. The energy company reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.26. The business had revenue of $92.85 billion for the quarter, compared to the consensus estimate of $93.25 billion. Shell had a net margin of 9.96% and a return on equity of 16.86%. As a group, research analysts predict that Shell PLC Unsponsored ADR will post 12.46 EPS for the current fiscal year.

Shell announced that its board has approved a stock buyback program on Thursday, October 29th that permits the company to repurchase $5 billion in shares. This buyback authorization permits the energy company to buy up to 1.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Shell 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.