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Investment firms boost Shell's stock despite earnings fall, valuing shares at over $2.6 million.
RFG Bristol Wealth Advisors and First Wilshire Securities Management Inc. have recently increased their investments in Shell plc, buying shares valued at $2.01 million and $596,000 respectively.
Despite a consensus "Buy" rating and a stock price of $73.08, Shell missed earnings estimates, reporting $1.20 per share compared to expected $1.74.
The company, with a market cap of $220.96 billion, operates globally in energy and petrochemicals.
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Las empresas de inversión impulsan las acciones de Shell a pesar de la caída de las ganancias, valorando las acciones en más de $2.6 millones.