Engineers Gate Manager LP Acquires 630,948 Shares of Shell PLC Unsponsored ADR $SHEL

Engineers Gate Manager LP grew its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 300.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 840,770 shares of the energy company’s stock after purchasing an additional 630,948 shares during the period. Shell makes up about 0.8% of Engineers Gate Manager LP’s holdings, making the stock its 8th biggest holding. Engineers Gate Manager LP’s holdings in Shell were worth $65,193,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Continuum Advisory LLC acquired a new position in shares of Shell in the second quarter worth approximately $34,000. Zions Bancorporation National Association UT increased its position in Shell by 186.7% during the 4th quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company’s stock valued at $35,000 after purchasing an additional 308 shares during the period. Nalls Sherbakoff Group LLC bought a new position in Shell during the 4th quarter worth approximately $36,000. Kilter Group LLC boosted its stake in shares of Shell by 83.1% in the 2nd quarter. Kilter Group LLC now owns 498 shares of the energy company’s stock valued at $39,000 after purchasing an additional 226 shares during the last quarter. Finally, Allied Private Wealth LLC acquired a new stake in shares of Shell during the second quarter worth $43,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Performance

Shares of SHEL opened at $95.34 on Wednesday. Shell PLC Unsponsored ADR has a one year low of $68.63 and a one year high of $95.81. The company has a market cap of $267.30 billion, a PE ratio of 10.52, a P/E/G ratio of 0.85 and a beta of 0.05. The stock has a 50-day moving average of $88.33 and a 200-day moving average of $87.10. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.12.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.29. The business had revenue of $94.66 billion for the quarter, compared to analyst estimates of $86.22 billion. Shell had a return on equity of 14.34% and a net margin of 8.55%. On average, equities research analysts predict that Shell PLC Unsponsored ADR will post 10.53 EPS for the current fiscal year.

Analysts Set New Price Targets

SHEL has been the topic of several recent analyst reports. Mizuho assumed coverage on shares of Shell in a report on Monday, July 20th. They issued a “neutral” rating and a $98.00 target price on the stock. Morgan Stanley set a $101.30 price objective on Shell and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Wells Fargo & Company upped their target price on Shell from $100.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Erste Group Bank upgraded Shell from a “hold” rating to a “buy” rating in a report on Thursday, August 27th. Finally, Zacks Research cut Shell from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Seven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $107.46.

Shell Profile

Shell plc is a global energy company headquartered in London, United Kingdom. Its operations span the exploration, production, processing, trading and marketing of energy resources, including crude oil, natural gas and liquefied natural gas (LNG).

The company also operates refineries, petrochemical and chemical businesses, fuel stations and other energy-marketing activities. Through its Energy Solutions operations, Shell provides renewable power, electric-vehicle charging, energy-efficiency services and lower-carbon fuels, while continuing to develop technologies and projects intended to reduce emissions from energy production and use.

Shell traces its history to the Royal Dutch Petroleum Company and the Shell Transport and Trading Company, which combined their operations in 1907.