Shell PLC Unsponsored ADR $SHEL Stock Position Lessened by Trek Financial LLC

Trek Financial LLC lowered its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 94.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,635 shares of the energy company’s stock after selling 72,407 shares during the quarter. Trek Financial LLC’s holdings in Shell were worth $441,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Livelsberger Financial Advisory bought a new stake in Shell during the third quarter worth about $33,000. Continuum Advisory LLC bought a new position in shares of Shell in the second quarter valued at approximately $34,000. Pension & Wealth Management Advisors Inc. bought a new position in shares of Shell in the third quarter valued at approximately $35,000. DecisionPoint Financial LLC boosted its holdings in shares of Shell by 73.3% in the 3rd quarter. DecisionPoint Financial LLC now owns 376 shares of the energy company’s stock worth $36,000 after acquiring an additional 159 shares in the last quarter. Finally, Latitude Advisors LLC acquired a new position in shares of Shell in the 3rd quarter worth approximately $38,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SHEL shares. Piper Sandler raised their price target on Shell from $89.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, September 3rd. UBS Group reissued a “neutral” rating on shares of Shell in a research note on Friday, October 30th. Mizuho set a $103.00 target price on Shell in a report on Monday, October 12th. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $81.60 to $101.30 in a research note on Thursday, September 3rd. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of Shell in a report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Shell currently has an average rating of “Moderate Buy” and an average price target of $107.08.

Shell Stock Performance

Shares of NYSE:SHEL opened at $104.25 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.09 and a debt-to-equity ratio of 0.34. Shell PLC Unsponsored ADR has a 1-year low of $68.63 and a 1-year high of $109.37. The stock has a market capitalization of $298.65 billion, a P/E ratio of 9.57, a P/E/G ratio of 0.89 and a beta of 0.07. The business has a 50-day moving average price of $98.55 and a two-hundred day moving average price of $88.48.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, October 29th. The energy company reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.26. Shell had a net margin of 9.96% and a return on equity of 16.86%. The company had revenue of $92.85 billion for the quarter, compared to analyst estimates of $93.25 billion. Equities analysts predict that Shell PLC Unsponsored ADR will post 12.23 earnings per share for the current year.

Shell declared that its Board of Directors has initiated a share repurchase plan on Thursday, October 29th that allows the company to buy back $5 billion in shares. This repurchase authorization allows the energy company to buy up to 1.7% of its shares through open market purchases. Share repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Key Stories Impacting Shell

Here are the key news stories impacting Shell this week:

• Positive Sentiment: Shell’s five-year agreement with METLEN provides for six LNG cargoes annually from 2027. It could strengthen Shell’s position in Europe and improve visibility for sales of U.S.-sourced gas. Shell Strengthens Its European LNG Position With New METLEN Deal
• Positive Sentiment: Goldman Sachs reaffirmed its “buy” rating, signaling continued analyst support. Goldman Sachs recommendations
• Positive Sentiment: Shell started production from Silvertip Phase 3 in the Gulf, adding a new source of output. Shell starts production from Silvertip Phase 3 in the Gulf
• Positive Sentiment: A long-term supply agreement tied to a planned Morocco sustainable aviation fuel project could expand Shell’s lower-carbon fuels business. Shell secures SAF supply from planned Morocco plant
• Neutral Sentiment: Shell agreed to sell its North West Shelf LNG stake to ADNOC’s XRG for $1.45 billion. The sale brings in cash and reshapes its portfolio, but also reduces its interest in the asset; the reports do not specify how proceeds will be used. Shell agrees to sell North West Shelf interest to ADNOC’s XRG for $1.45 billion

Shell Profile

Shell plc is a global energy company headquartered in London, England. Its operations span the energy value chain, including the exploration, production, processing, trading and marketing of oil and natural gas. The company is also a major participant in liquefied natural gas (LNG), refining, chemicals and energy-related products.

Shell sells fuels, lubricants and other petroleum products through branded retail and commercial businesses, while also providing services to industrial, marine and aviation customers.