Shell PLC Unsponsored ADR $SHEL Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL) by 452.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 74,296 shares of the energy company’s stock after buying an additional 60,850 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Shell were worth $6,910,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new position in Shell during the 4th quarter worth approximately $26,000. Zions Bancorporation National Association UT raised its stake in shares of Shell by 186.7% during the fourth quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company’s stock valued at $35,000 after purchasing an additional 308 shares during the period. Nalls Sherbakoff Group LLC acquired a new position in shares of Shell during the fourth quarter worth $36,000. Ares Financial Consulting LLC purchased a new position in shares of Shell in the fourth quarter valued at $38,000. Finally, Steigerwald Gordon & Koch Inc. grew its holdings in Shell by 51.3% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 649 shares of the energy company’s stock valued at $48,000 after purchasing an additional 220 shares in the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Rothschild & Co Redburn cut shares of Shell from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Wall Street Zen upgraded Shell from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. HSBC raised Shell from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Morgan Stanley downgraded shares of Shell from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 24th. Finally, BNP Paribas Exane set a $101.00 price target on shares of Shell and gave the company a “neutral” rating in a report on Friday, April 17th. Six investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $100.46.

Shell Trading Up 0.1%

Shell stock opened at $78.87 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.97 and a current ratio of 1.27. The firm’s 50-day moving average is $86.57 and its 200-day moving average is $81.99. Shell PLC Unsponsored ADR has a 1 year low of $67.25 and a 1 year high of $94.90. The company has a market cap of $221.12 billion, a P/E ratio of 12.29, a PEG ratio of 0.42 and a beta of 0.05.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Friday, May 8th. The energy company reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.30. The business had revenue of $69.69 billion for the quarter, compared to analysts’ expectations of $77.54 billion. Shell had a return on equity of 11.18% and a net margin of 6.85%. On average, equities analysts expect that Shell PLC Unsponsored ADR will post 10.21 earnings per share for the current year.

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.