12,331 Shares in Shell PLC Unsponsored ADR $SHEL Purchased by GM Advisory Group LLC

GM Advisory Group LLC purchased a new position in Shell PLC Unsponsored ADR (NYSE:SHEL) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 12,331 shares of the energy company’s stock, valued at approximately $1,147,000.

Several other hedge funds also recently made changes to their positions in the business. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Shell in the 4th quarter worth approximately $26,000. Zions Bancorporation National Association UT grew its position in Shell by 186.7% in the fourth quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company’s stock worth $35,000 after buying an additional 308 shares during the last quarter. Nalls Sherbakoff Group LLC bought a new position in shares of Shell in the fourth quarter valued at $36,000. Ares Financial Consulting LLC acquired a new stake in shares of Shell during the 4th quarter valued at $38,000. Finally, Steigerwald Gordon & Koch Inc. boosted its stake in shares of Shell by 51.3% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 649 shares of the energy company’s stock worth $48,000 after acquiring an additional 220 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Zacks Research cut Shell from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings lowered Shell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. Morgan Stanley downgraded Shell from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 24th. Jefferies Financial Group upped their price objective on shares of Shell to $122.40 and gave the company a “buy” rating in a research note on Thursday, May 21st. Finally, TD Cowen reissued a “buy” rating on shares of Shell in a research report on Thursday. Six analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $100.46.

Shell Stock Performance

Shares of SHEL stock opened at $78.00 on Monday. The company has a market capitalization of $218.67 billion, a price-to-earnings ratio of 12.15, a P/E/G ratio of 0.48 and a beta of 0.06. Shell PLC Unsponsored ADR has a 1-year low of $68.63 and a 1-year high of $94.90. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.38. The stock’s fifty day simple moving average is $84.06 and its 200-day simple moving average is $82.32.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Friday, May 8th. The energy company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.30. Shell had a return on equity of 11.18% and a net margin of 6.85%.The firm had revenue of $69.69 billion during the quarter, compared to the consensus estimate of $77.54 billion. On average, sell-side analysts predict that Shell PLC Unsponsored ADR will post 9.9 earnings per share for the current fiscal year.

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.