Shell PLC Unsponsored ADR $SHEL Shares Sold by Strategic Global Advisors LLC

Strategic Global Advisors LLC reduced its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 74.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 4,438 shares of the energy company’s stock after selling 13,204 shares during the period. Strategic Global Advisors LLC’s holdings in Shell were worth $344,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SHEL. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Shell during the 4th quarter worth $26,000. Zions Bancorporation National Association UT boosted its holdings in Shell by 186.7% in the fourth quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company’s stock valued at $35,000 after acquiring an additional 308 shares during the last quarter. Nalls Sherbakoff Group LLC purchased a new stake in Shell during the fourth quarter valued at about $36,000. Ares Financial Consulting LLC acquired a new stake in Shell during the fourth quarter worth about $38,000. Finally, Kilter Group LLC raised its holdings in shares of Shell by 83.1% in the 2nd quarter. Kilter Group LLC now owns 498 shares of the energy company’s stock worth $39,000 after purchasing an additional 226 shares during the period. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Stock Down 1.2%

NYSE SHEL opened at $91.14 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. Shell PLC Unsponsored ADR has a fifty-two week low of $68.63 and a fifty-two week high of $94.90. The business has a 50 day moving average price of $85.72 and a two-hundred day moving average price of $86.20. The stock has a market cap of $255.51 billion, a PE ratio of 10.06, a P/E/G ratio of 0.60 and a beta of 0.05.

Shell (NYSE:SHEL) last posted its earnings results on Friday, July 31st. The energy company reported $3.52 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.29. The business had revenue of $94.66 billion for the quarter, compared to analysts’ expectations of $86.22 billion. Shell had a net margin of 8.55% and a return on equity of 14.34%. As a group, sell-side analysts predict that Shell PLC Unsponsored ADR will post 10.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SHEL has been the subject of a number of research reports. Zacks Research cut Shell from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Jefferies Financial Group lifted their price target on shares of Shell to $122.40 and gave the company a “buy” rating in a research report on Thursday, May 21st. TD Cowen reissued a “buy” rating on shares of Shell in a research note on Thursday, July 2nd. Piper Sandler lifted their target price on shares of Shell from $88.00 to $89.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, Mizuho initiated coverage on Shell in a report on Monday, July 20th. They issued a “neutral” rating and a $98.00 price target for the company. Five investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $106.77.

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.