Quantitative Investment Management LLC Purchases New Stake in Shell PLC Unsponsored ADR $SHEL

Quantitative Investment Management LLC acquired a new position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 44,507 shares of the energy company’s stock, valued at approximately $3,451,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SHEL. Benjamin Edwards Inc. grew its position in Shell by 8.6% in the second quarter. Benjamin Edwards Inc. now owns 23,859 shares of the energy company’s stock valued at $1,850,000 after acquiring an additional 1,894 shares during the last quarter. GTS Securities LLC lifted its holdings in shares of Shell by 17.2% in the second quarter. GTS Securities LLC now owns 108,250 shares of the energy company’s stock worth $8,394,000 after acquiring an additional 15,890 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Shell in the 2nd quarter valued at approximately $1,012,000. Cookson Peirce & Co. Inc. increased its position in Shell by 5.0% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 27,487 shares of the energy company’s stock worth $2,131,000 after purchasing an additional 1,298 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its stake in Shell by 7.9% in the 2nd quarter. Wedbush Securities Inc. now owns 13,938 shares of the energy company’s stock valued at $1,081,000 after purchasing an additional 1,025 shares during the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Price Performance

Shell stock opened at $90.91 on Monday. The stock’s 50 day moving average is $86.20 and its 200 day moving average is $86.40. Shell PLC Unsponsored ADR has a one year low of $68.63 and a one year high of $94.90. The firm has a market cap of $254.87 billion, a P/E ratio of 10.03, a P/E/G ratio of 0.60 and a beta of 0.05. 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 released its earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share 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 business had revenue of $94.66 billion during the quarter, compared to the consensus estimate of $86.22 billion. As a group, research analysts expect that Shell PLC Unsponsored ADR will post 10.38 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SHEL. HSBC raised shares of Shell from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Zacks Research lowered Shell from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Wall Street Zen upgraded Shell from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. TD Cowen restated a “buy” rating on shares of Shell in a report on Thursday, July 2nd. Finally, Jefferies Financial Group upped their price objective on Shell to $122.40 and gave the company a “buy” rating in a research note on Thursday, May 21st. Six equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, Shell currently has an average rating of “Hold” and a consensus target price of $106.77.

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.