Fisher Asset Management LLC recently announced the acquisition of new stake in Shell Plc ADR (NYSE:SHEL). The institutional investor has increased its shareholding in the Energy company by 2.22% to 22.39 million shares with purchase of 0.49 million shares. This fresh investment now brings its stake to 0.68% valued currently at $1.46 billion. In addition, Fidelity Management & Research Co raised its holdings by 4.49 million to 22.38 million shares. And Eagle Capital Management LLC has lifted its position by 6.72% or 1.07 million shares – to 16.97 million shares.
With over 6.17 million Shell Plc ADR (SHEL) shares trading Monday and a closing price of $64.89 on the day, the dollar volume was approximately $400.67 million. The shares have shown a positive half year performance of 12.44% and its price on 12/04/23 lost nearly -0.83%. Currently, there are 3.49B common shares owned by the public and among those 3.27B shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 26 analysts who have offered their price forecasts for SHEL have a consensus price objective of $75.47. The analysts have set the share’s price value over the next 12 months at a high of $88.00 and a low of $66.00. The average price target is 14.02% above its recent price level and an upside to the estimated low will see the stock gain 1.68% over that period. But an upside of 26.26% will see the stock hit the forecast high price target while median target price for the stock is $75.10.
The top 3 mutual fund holders in Shell Plc ADR are Fidelity Inv. Trust – Series Inte, DFA International Value Series, and DFA International Core Equity Por. Fidelity Inv. Trust – Series Inte owns 9.67 million shares of the company’s stock, all valued at over $630.01 million. The company bought an additional 0.15 million shares recently to bring their total holdings to about 0.29% of the shares outstanding. DFA International Core Equity Por sold 17154.0 shares to bring its total holdings to over 4.62 million shares at a value of $301.16 million. DFA International Core Equity Por now owns shares totaling to 0.14% of the shares outstanding.
Shares of Shell Plc ADR (NYSE: SHEL) opened at $64.86, down -$0.57 from a prior closing price of $65.43. The company’s stock has a 5-day price change of -1.40% and 3.25% over the past three months. SHEL shares are trading 13.94% year to date (YTD), with the 12-month market performance up to 11.78% higher. It has a 12-month low price of $52.47 and touched a high of $68.74 over the same period. SHEL has an average intraday trading volume of 5.59 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.35%, -1.42%, and 4.92% respectively.
Institutional ownership of Shell Plc ADR (NYSE: SHEL) shares accounts for 10.29% of the company’s 3.49B shares outstanding. Mutual fund holders own 3.09%, while other institutional holders and individual stakeholders account for 7.03% and — respectively.
It has a market capitalization of $212.25B and a beta (3y monthly) value of 0.63. The stock’s trailing 12-month PE ratio is 7.71, while the earnings-per-share (ttm) stands at $8.42. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.30% over the week and 1.22% over the month.
Analysts forecast that Shell Plc ADR (SHEL) will achieve an EPS of $2.07 for the current quarter, $2.06 for the next quarter and $8.55 for 2024. The lowest estimate earnings-per-share for the quarter is $1.78 while analysts give the company a high EPS estimate of $2.35. Comparatively, EPS for the current quarter was $2.75 a year ago. Earnings per share for the fiscal year are expected to decrease by -24.04%, and 3.05% over the next financial year. EPS should shrink at an annualized rate of -9.00% over the next five years, compared to 29.52% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 26 brokerage firm advisors rate Shell Plc ADR (SHEL) as a “Strong Buy” at a consensus score of 1.46. Specifically, 19 Wall Street analysts polled rate the stock as a buy, while 5 of the 26 advise that investors “hold,” and 0 rated it as a “Sell.”
