Shell plc (NYSE:SHEL) Stock Position Raised by Lebenthal Global Advisors LLC

Lebenthal Global Advisors LLC raised its position in shares of Shell plc (NYSE:SHEL) by 16.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,276 shares of the energy company’s stock after purchasing an additional 1,289 shares during the period. Lebenthal Global Advisors LLC’s holdings in Shell were worth $612,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SHEL. Hobbs Group Advisors LLC acquired a new stake in Shell in the 2nd quarter worth approximately $26,000. Fortitude Family Office LLC acquired a new stake in Shell in the 3rd quarter worth approximately $30,000. Triad Wealth Partners LLC acquired a new stake in Shell in the 2nd quarter worth approximately $31,000. Fairscale Capital LLC acquired a new stake in Shell in the 2nd quarter worth approximately $33,000. Finally, GHP Investment Advisors Inc. increased its position in Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after buying an additional 163 shares during the period. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Price Performance

Shell stock traded up $0.30 on Friday, reaching $67.85. The company’s stock had a trading volume of 1,934,452 shares, compared to its average volume of 4,159,833. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. The company has a market cap of $211.16 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 1.81 and a beta of 0.56. The business’s fifty day moving average price is $68.17 and its 200 day moving average price is $70.56. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. Shell had a return on equity of 14.56% and a net margin of 5.97%. The company had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. During the same quarter in the previous year, the firm earned $1.50 earnings per share. Equities analysts expect that Shell plc will post 8.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on SHEL. Scotiabank dropped their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Berenberg Bank raised Shell to a “strong-buy” rating in a research report on Monday, August 5th. Citigroup raised Shell to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company lifted their price target on Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, Barclays upgraded Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $82.00.

Shell Profile

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.