Waverly Advisors LLC Increases Stock Holdings in Shell PLC Unsponsored ADR $SHEL

Waverly Advisors LLC grew its stake in Shell PLC Unsponsored ADR (NYSE:SHEL) by 307.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 407,847 shares of the energy company’s stock after purchasing an additional 307,671 shares during the quarter. Waverly Advisors LLC’s holdings in Shell were worth $31,624,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Colonial Trust Advisors lifted its holdings in Shell by 9.5% in the 4th quarter. Colonial Trust Advisors now owns 1,488 shares of the energy company’s stock valued at $109,000 after purchasing an additional 129 shares in the last quarter. PFG Private Wealth Management LLC lifted its stake in shares of Shell by 3.8% in the second quarter. PFG Private Wealth Management LLC now owns 3,578 shares of the energy company’s stock worth $277,000 after buying an additional 130 shares in the last quarter. Financial Management Professionals Inc. boosted its position in Shell by 2.9% during the second quarter. Financial Management Professionals Inc. now owns 4,800 shares of the energy company’s stock worth $372,000 after acquiring an additional 137 shares during the last quarter. Plan A Wealth LLC raised its holdings in Shell by 1.7% in the 2nd quarter. Plan A Wealth LLC now owns 8,619 shares of the energy company’s stock valued at $668,000 after acquiring an additional 140 shares during the last quarter. Finally, Cornerstone Planning Group LLC grew its position in shares of Shell by 14.1% in the first quarter. Cornerstone Planning Group LLC now owns 1,215 shares of the energy company’s stock valued at $109,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Trading Up 2.6%

Shares of SHEL traded up $2.40 during mid-day trading on Tuesday, reaching $95.34. The company had a trading volume of 7,422,240 shares, compared to its average volume of 7,057,794. The stock has a market cap of $267.30 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 0.85 and a beta of 0.05. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $87.97 and a 200-day simple moving average of $86.99. Shell PLC Unsponsored ADR has a fifty-two week low of $68.63 and a fifty-two week high of $95.81.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Friday, July 31st. The energy company reported $3.52 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.29. Shell had a net margin of 8.55% and a return on equity of 14.34%. The firm had revenue of $94.66 billion for the quarter, compared to analyst estimates of $86.22 billion. On average, sell-side analysts anticipate that Shell PLC Unsponsored ADR will post 10.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on SHEL. Erste Group Bank raised shares of Shell from a “hold” rating to a “buy” rating in a research report on Thursday, August 27th. Weiss Ratings raised Shell from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Morgan Stanley set a $101.30 price target on shares of Shell and gave the stock an “overweight” rating in a research note on Thursday. Piper Sandler raised their target price on Shell from $89.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, September 3rd. Finally, Zacks Research downgraded Shell from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Seven analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, Shell presently has a consensus rating of “Hold” and a consensus target price of $107.46.

Shell 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.