Jefferies Financial Group Inc. Grows Stake in Shell PLC Unsponsored ADR $SHEL

Jefferies Financial Group Inc. grew its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 268.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 103,304 shares of the energy company’s stock after purchasing an additional 75,249 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Shell were worth $8,010,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in SHEL. Brighton Jones LLC raised its stake in Shell by 51.7% during the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock worth $468,000 after acquiring an additional 2,545 shares during the period. AQR Capital Management LLC boosted its position in shares of Shell by 70.1% in the first quarter. AQR Capital Management LLC now owns 32,564 shares of the energy company’s stock worth $2,386,000 after purchasing an additional 13,419 shares during the period. IHT Wealth Management LLC increased its stake in shares of Shell by 31.6% in the second quarter. IHT Wealth Management LLC now owns 11,900 shares of the energy company’s stock worth $838,000 after purchasing an additional 2,857 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Shell by 5.5% during the 2nd quarter. Captrust Financial Advisors now owns 137,086 shares of the energy company’s stock valued at $9,652,000 after purchasing an additional 7,179 shares during the period. Finally, Horizon Investments LLC boosted its holdings in Shell by 6.4% in the 3rd quarter. Horizon Investments LLC now owns 3,521 shares of the energy company’s stock worth $252,000 after buying an additional 211 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Trading Down 0.4%

SHEL stock opened at $90.77 on Friday. The firm has a fifty day moving average price of $85.95 and a 200 day moving average price of $86.31. Shell PLC Unsponsored ADR has a fifty-two week low of $68.63 and a fifty-two week high of $94.90. The firm has a market cap of $254.46 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 0.60 and a beta of 0.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.43.

Shell (NYSE:SHEL) last released its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share (EPS) for the quarter, beating 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 company had revenue of $94.66 billion for the quarter, compared to the consensus estimate of $86.22 billion. Sell-side analysts anticipate that Shell PLC Unsponsored ADR will post 10.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SHEL has been the topic of several recent analyst reports. Mizuho assumed coverage on Shell in a research note on Monday, July 20th. They set a “neutral” rating and a $98.00 target price on the stock. Wells Fargo & Company increased their price objective on shares of Shell from $100.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. TD Cowen reiterated a “buy” rating on shares of Shell in a research report on Thursday, July 2nd. Jefferies Financial Group upped their target price on shares of Shell to $122.40 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, Weiss Ratings upgraded shares of Shell from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Six equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $106.77.

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.