Journey Retirement Planning & Investment Management LLC Makes New $872,000 Investment in Shell PLC Unsponsored ADR $SHEL

Journey Retirement Planning & Investment Management LLC purchased a new stake in Shell PLC Unsponsored ADR (NYSE:SHEL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,168 shares of the energy company’s stock, valued at approximately $872,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE increased its holdings in Shell by 1.9% in the 2nd quarter. Bank of America Corp DE now owns 7,709,715 shares of the energy company’s stock worth $597,811,000 after purchasing an additional 146,988 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Shell by 7.9% during the second quarter. Envestnet Asset Management Inc. now owns 2,352,694 shares of the energy company’s stock worth $182,425,000 after purchasing an additional 171,873 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of Shell by 1.5% in the second quarter. First Eagle Investment Management LLC now owns 1,073,265 shares of the energy company’s stock valued at $83,221,000 after buying an additional 16,244 shares during the period. Engineers Gate Manager LP raised its holdings in Shell by 300.7% in the 2nd quarter. Engineers Gate Manager LP now owns 840,770 shares of the energy company’s stock valued at $65,193,000 after buying an additional 630,948 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Shell by 5.2% during the 2nd quarter. Jones Financial Companies Lllp now owns 776,654 shares of the energy company’s stock worth $59,445,000 after buying an additional 38,212 shares during the period. Institutional investors own 28.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Erste Group Bank upgraded shares of Shell from a “hold” rating to a “buy” rating in a research report on Thursday, August 27th. Zacks Research upgraded Shell from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Mizuho started coverage on Shell in a research report on Monday, July 20th. They set a “neutral” rating and a $98.00 target price for the company. Barclays reiterated an “overweight” rating on shares of Shell in a research report on Monday. Finally, HSBC reaffirmed a “buy” rating on shares of Shell in a research note on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.08.

Shell Stock Up 0.3%

SHEL traded up $0.32 during midday trading on Friday, hitting $100.52. The company had a trading volume of 5,312,484 shares, compared to its average volume of 6,988,992. The stock’s 50 day moving average price is $93.53 and its 200 day moving average price is $88.76. Shell PLC Unsponsored ADR has a 52 week low of $68.63 and a 52 week high of $101.17. The company has a market capitalization of $281.81 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 0.78 and a beta of 0.10. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.29. The business had revenue of $94.66 billion for the quarter, compared to the consensus estimate of $86.22 billion. Shell had a return on equity of 14.34% and a net margin of 8.55%. On average, research analysts anticipate that Shell PLC Unsponsored ADR will post 11.23 earnings per share for the current fiscal year.

Shell News Roundup

Here are the key news stories impacting Shell this week:

• Positive Sentiment: Shell agreed to acquire a 30% stake in Equinor’s Bay du Nord offshore oil project in Canada, a development estimated at roughly $10 billion. The investment gives Shell exposure to a potentially significant long-term production project, while Equinor will retain 70%. Shell to buy 30% stake in Bay du Nord oil project
• Positive Sentiment: Shell has partially restarted its Pearl gas-to-liquids plant in Qatar and resumed naphtha shipments. The restart should help restore production and cash flow, although a full recovery depends on repairs and regional shipping conditions. Shell partially restarts Pearl gas-to-liquids plant
• Positive Sentiment: Shell’s third-quarter trading outlook pointed to stronger Integrated Gas production and refining margins. RBC lowered its quarterly profit estimate modestly but raised its cash-flow forecast and still expects earnings above consensus. Shell Q3 outlook
• Positive Sentiment: TD Cowen raised its price target to $115, while Zacks upgraded Shell from “hold” to “strong buy.” These ratings reinforce the bullish view that the stock may remain undervalued despite its recent advance. TD Cowen raises Shell price target
• Neutral Sentiment: Aditya Birla Renewables is seeking financing to acquire Shell’s Indian renewable-energy arm. The transaction could provide proceeds and sharpen Shell’s portfolio focus, but the financing process is not yet complete. Aditya Birla financing for Shell renewable arm acquisition
• Negative Sentiment: Shell and Chevron curtailed Gulf of Mexico output as Tropical Storm Isaias approached. The disruption appears temporary but could reduce near-term production and revenue. Shell cuts Gulf of Mexico output

About Shell

Shell plc is a global energy company headquartered in London, United Kingdom. Its operations span the exploration, production, processing, transportation and marketing of oil and natural gas, with an increasing focus on liquefied natural gas (LNG), lower-carbon energy and energy-transition solutions.

The company supplies fuels, lubricants, chemicals and other energy products to businesses, transportation customers and consumers. Shell also operates a network of retail service stations and provides charging services for electric vehicles, renewable power and related energy solutions.