Inspire Trust Co. N.A. Acquires 8,000 Shares of Shell PLC Unsponsored ADR $SHEL

Inspire Trust Co. N.A. increased its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL) by 15.1% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 61,000 shares of the energy company’s stock after buying an additional 8,000 shares during the quarter. Inspire Trust Co. N.A.’s holdings in Shell were worth $4,363,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Great Lakes Advisors LLC raised its holdings in shares of Shell by 0.5% during the third quarter. Great Lakes Advisors LLC now owns 596,972 shares of the energy company’s stock valued at $42,701,000 after purchasing an additional 3,084 shares during the last quarter. Allied Investment Advisors LLC lifted its holdings in shares of Shell by 3.5% during the 3rd quarter. Allied Investment Advisors LLC now owns 191,732 shares of the energy company’s stock valued at $13,715,000 after buying an additional 6,546 shares during the period. Adell Harriman & Carpenter Inc. lifted its holdings in Shell by 3.9% in the third quarter. Adell Harriman & Carpenter Inc. now owns 149,650 shares of the energy company’s stock valued at $10,705,000 after acquiring an additional 5,617 shares during the period. Woodstock Corp increased its position in shares of Shell by 1.3% during the 3rd quarter. Woodstock Corp now owns 145,302 shares of the energy company’s stock valued at $10,393,000 after purchasing an additional 1,836 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of Shell by 5.5% in the 2nd quarter. Captrust Financial Advisors now owns 137,086 shares of the energy company’s stock worth $9,652,000 after purchasing an additional 7,179 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Down 0.8%

NYSE SHEL opened at $79.78 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 0.38. Shell PLC Unsponsored ADR has a 12 month low of $58.54 and a 12 month high of $80.53. The stock’s 50 day moving average is $74.72 and its 200 day moving average is $73.76. The stock has a market cap of $226.85 billion, a PE ratio of 13.30, a P/E/G ratio of 5.88 and a beta of 0.16.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, February 5th. The energy company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.64). The company had revenue of $64.09 billion for the quarter, compared to the consensus estimate of $65.82 billion. Shell had a net margin of 6.52% and a return on equity of 10.34%. Research analysts predict that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Citigroup reiterated a “neutral” rating on shares of Shell in a research report on Monday, November 3rd. Piper Sandler decreased their target price on Shell from $93.00 to $89.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Royal Bank Of Canada lowered Shell from an “outperform” rating to a “sector perform” rating in a report on Monday, January 26th. Bank of America downgraded Shell from a “buy” rating to a “neutral” rating in a research note on Friday, December 5th. Finally, UBS Group downgraded Shell from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.33.

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.