62,850 Shell PLC Unsponsored ADR $SHEL Shares Sold by Lockheed Martin Investment Management Co.

Lockheed Martin Investment Management Co. trimmed its position in Shell PLC Unsponsored ADR (NYSE:SHEL) by 86.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,550 shares of the energy company’s stock after selling 62,850 shares during the period. Lockheed Martin Investment Management Co.’s holdings in Shell were worth $908,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. AlphaCore Capital LLC grew its holdings in shares of Shell by 37.9% during the third quarter. AlphaCore Capital LLC now owns 25,600 shares of the energy company’s stock worth $2,433,000 after buying an additional 7,041 shares in the last quarter. Leuthold Group LLC lifted its stake in Shell by 63.7% in the 3rd quarter. Leuthold Group LLC now owns 15,302 shares of the energy company’s stock valued at $1,454,000 after acquiring an additional 5,954 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Shell by 15.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 44,568 shares of the energy company’s stock worth $4,261,000 after acquiring an additional 5,904 shares during the last quarter. Beverly Hills Private Wealth LLC boosted its position in Shell by 17.2% during the 3rd quarter. Beverly Hills Private Wealth LLC now owns 3,790 shares of the energy company’s stock worth $360,000 after acquiring an additional 555 shares during the last quarter. Finally, Platt Wealth Management LLC bought a new position in shares of Shell during the 3rd quarter worth approximately $228,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SHEL. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Shell in a research note on Wednesday, October 21st. Erste Group Bank upgraded shares of Shell from a “hold” rating to a “buy” rating in a research note on Thursday, August 27th. Wall Street Zen upgraded Shell from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Weiss Ratings raised Shell from a “buy (a-)” rating to a “buy (a)” rating in a research report on Friday, October 30th. Finally, Barclays restated an “overweight” rating on shares of Shell in a research note on Monday, October 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $107.08.

Shell Price Performance

Shares of NYSE:SHEL opened at $98.78 on Tuesday. The firm has a 50 day moving average of $99.24 and a 200-day moving average of $89.01. The stock has a market capitalization of $282.98 billion, a PE ratio of 8.57, a PEG ratio of 0.86 and a beta of 0.07. The company has a current ratio of 1.38, a quick ratio of 1.09 and a debt-to-equity ratio of 0.34. Shell PLC Unsponsored ADR has a 12 month low of $68.63 and a 12 month high of $109.37.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, October 29th. The energy company reported $3.86 EPS for the quarter, topping the consensus estimate of $3.60 by $0.26. Shell had a return on equity of 16.86% and a net margin of 9.96%. The firm had revenue of $92.85 billion during the quarter, compared to the consensus estimate of $93.25 billion. On average, equities research analysts predict that Shell PLC Unsponsored ADR will post 12.29 EPS for the current fiscal year.

Shell declared that its board has initiated a stock buyback plan on Thursday, October 29th that permits the company to repurchase $5 billion in outstanding shares. This repurchase authorization permits the energy company to repurchase up to 1.7% of its shares through open market purchases. Share repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Shell Profile

Shell plc is a global energy company engaged in the exploration and production of oil and natural gas, natural gas liquefaction and marketing, and the refining and sale of fuels and other products. Its businesses also include chemicals, power and energy solutions, including lower-carbon offerings such as biofuels, hydrogen and electric-vehicle charging.

The company serves customers and operates across regions worldwide. Its products and services reach consumers, businesses and industrial customers through activities such as fuel retailing, natural gas supply, chemicals production and energy trading.

Shell traces its history to the 1907 merger of Royal Dutch Petroleum and the U.K.’s Shell Transport and Trading Company.