7,410 Shell PLC Unsponsored ADR $SHEL Shares Acquired by Garrett Wealth Advisory Group LLC

Garrett Wealth Advisory Group LLC grew its position in Shell PLC Unsponsored ADR (NYSE:SHEL) by 34.6% in the third quarter, HoldingsChannel.com reports. The firm owned 28,847 shares of the energy company’s stock after acquiring an additional 7,410 shares during the period. Shell accounts for approximately 0.4% of Garrett Wealth Advisory Group LLC’s investment portfolio, making the stock its 26th biggest holding. Garrett Wealth Advisory Group LLC’s holdings in Shell were worth $2,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Trust Co raised its position in shares of Shell by 3.3% during the 3rd quarter. Charles Schwab Trust Co now owns 3,148 shares of the energy company’s stock valued at $299,000 after purchasing an additional 100 shares during the period. Ferguson Wellman Capital Management Inc. increased its holdings in shares of Shell by 0.6% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 17,771 shares of the energy company’s stock worth $1,689,000 after purchasing an additional 106 shares during the last quarter. CWA Asset Management Group LLC lifted its position in shares of Shell by 4.1% in the third quarter. CWA Asset Management Group LLC now owns 2,821 shares of the energy company’s stock worth $268,000 after buying an additional 110 shares in the last quarter. Vista Investment Partners LLC boosted its stake in Shell by 2.1% during the third quarter. Vista Investment Partners LLC now owns 5,651 shares of the energy company’s stock valued at $537,000 after buying an additional 116 shares during the last quarter. Finally, Frank Rimerman Advisors LLC grew its holdings in Shell by 0.6% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 21,404 shares of the energy company’s stock valued at $2,034,000 after buying an additional 123 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Shell from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Zacks Research upgraded shares of Shell from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Wall Street Zen raised shares of Shell from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Mizuho set a $103.00 price objective on shares of Shell in a research report on Monday, October 12th. Finally, TD Cowen lifted their price objective on shares of Shell from $107.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, September 28th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.63.

Shell News Summary

Here are the key news stories impacting Shell this week:

• Positive Sentiment: Refining outlook supports earnings: Higher third-quarter refining margins could help Shell exceed consensus earnings expectations. The ARC Resources acquisition may also expand Canadian gas reserves and support future LNG Canada growth, providing potential long-term production and cash-flow benefits. Shell: Refining Should Continue To Drive Earnings Higher
• Positive Sentiment: Strong technical momentum: Shell reached $108.18, marking its second 52-week high in one week. The new high reinforces market momentum and investor demand for the shares. Shell Reaches $108.18, Its Second 52-Week High in a Week
• Positive Sentiment: Favorable analyst positioning: Zacks highlighted SHEL as a value candidate, a top momentum stock, and a highly ranked oil-and-energy opportunity. These assessments reflect supportive valuation and earnings-estimate trends, although they are not company guidance. Should Value Investors Buy Shell Stock?
• Neutral Sentiment: Potential Infineum transaction: Shell- and Exxon-owned additives venture Infineum is reportedly exploring an $8 billion sale. A transaction could eventually unlock value, but the report describes exploratory discussions rather than a completed deal. Market Chatter: Shell- and Exxon-Owned Infineum Explores $8 Billion Sale
• Neutral Sentiment: Growth investment in Kazakhstan: Shell is considering expanded seismic work and a deep well in Kazakhstan. The project could improve exploration prospects but also carries execution, capital-spending, and exploration risks. Shell Eyes Major Seismic Push and Deep Well in Kazakhstan

Shell Stock Up 2.2%

Shares of SHEL opened at $108.17 on Friday. Shell PLC Unsponsored ADR has a 52-week low of $68.63 and a 52-week high of $108.43. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average of $96.69 and a 200 day moving average of $89.72. The company has a market cap of $309.88 billion, a PE ratio of 11.94, a P/E/G ratio of 0.89 and a beta of 0.10.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 EPS for the quarter, beating the consensus estimate 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. On average, sell-side analysts expect that Shell PLC Unsponsored ADR will post 11.62 EPS for the current year.

Shell Profile

Shell plc is a global energy company headquartered in London, England. Its operations span the energy value chain, including the exploration, production, processing, trading and marketing of oil and natural gas. The company is also a major participant in liquefied natural gas (LNG), refining, chemicals and energy-related products.

Shell sells fuels, lubricants and other petroleum products through branded retail and commercial businesses, while also providing services to industrial, marine and aviation customers.