9,671 Shares in Shell PLC Unsponsored ADR $SHEL Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S acquired a new position in Shell PLC Unsponsored ADR (NYSE:SHEL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 9,671 shares of the energy company’s stock, valued at approximately $692,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Westside Investment Management Inc. acquired a new stake in shares of Shell in the second quarter worth approximately $25,000. Steigerwald Gordon & Koch Inc. acquired a new stake in Shell during the 3rd quarter worth $31,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Shell during the third quarter worth $34,000. Salomon & Ludwin LLC lifted its stake in shares of Shell by 50.5% in the second quarter. Salomon & Ludwin LLC now owns 480 shares of the energy company’s stock worth $35,000 after buying an additional 161 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Shell during the second quarter worth about $67,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Up 3.3%

Shell stock opened at $77.79 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 1.30. The firm has a 50 day moving average price of $73.68 and a 200 day moving average price of $73.33. Shell PLC Unsponsored ADR has a fifty-two week low of $58.54 and a fifty-two week high of $79.30. The company has a market capitalization of $223.66 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 5.58 and a beta of 0.16.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, February 5th. The energy company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.07). Shell had a return on equity of 10.34% and a net margin of 6.52%.The firm had revenue of $64.09 billion for the quarter, compared to analysts’ expectations of $65.82 billion. Research analysts expect that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Weiss Ratings lowered shares of Shell from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 2nd. Royal Bank Of Canada lowered Shell from an “outperform” rating to a “sector perform” rating in a research note on Monday, January 26th. UBS Group downgraded Shell from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 25th. Piper Sandler lowered their price target on shares of Shell from $93.00 to $89.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Citigroup restated a “neutral” rating on shares of Shell in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Shell currently has a consensus rating of “Hold” and an average target price of $81.33.

About Shell

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.