Anchor Capital Advisors LLC reduced its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 10.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 235,851 shares of the energy company's stock after selling 26,174 shares during the quarter. Anchor Capital Advisors LLC's holdings in Shell were worth $18,288,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in Shell by 1.9% during the 2nd quarter. Bank of America Corp DE now owns 7,709,715 shares of the energy company's stock worth $597,811,000 after purchasing an additional 146,988 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Shell by 1.5% in the second quarter. First Eagle Investment Management LLC now owns 1,073,265 shares of the energy company's stock worth $83,221,000 after buying an additional 16,244 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Shell by 5.2% in the second quarter. Jones Financial Companies Lllp now owns 776,654 shares of the energy company's stock valued at $59,445,000 after acquiring an additional 38,212 shares during the period. Van ECK Associates Corp lifted its stake in Shell by 44.3% in the 2nd quarter. Van ECK Associates Corp now owns 643,152 shares of the energy company's stock worth $49,870,000 after purchasing an additional 197,551 shares in the last quarter. Finally, Cibc World Market Inc. boosted its holdings in Shell by 66.3% in the 2nd quarter. Cibc World Market Inc. now owns 586,039 shares of the energy company's stock valued at $45,441,000 after purchasing an additional 233,634 shares during the period. Hedge funds and other institutional investors own 28.60% of the company's stock.
Shell Price Performance
SHEL opened at $92.98 on Tuesday. The stock has a market capitalization of $260.67 billion, a P/E ratio of 10.26, a PEG ratio of 0.85 and a beta of 0.05. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. Shell PLC Unsponsored ADR has a 12-month low of $68.63 and a 12-month high of $94.90. The stock has a 50-day moving average price of $87.97 and a 200-day moving average price of $86.99.
Shell (NYSE:SHEL - Get Free Report) last released its earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share for the quarter, topping analysts' consensus estimates of $3.23 by $0.29. The company had revenue of $94.66 billion during the quarter, compared to the consensus estimate of $86.22 billion. Shell had a return on equity of 14.34% and a net margin of 8.55%. Equities analysts predict that Shell PLC Unsponsored ADR will post 10.53 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on SHEL shares. Wall Street Zen upgraded Shell from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Erste Group Bank upgraded Shell from a "hold" rating to a "buy" rating in a research note on Thursday, August 27th. Weiss Ratings raised Shell from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 28th. Jefferies Financial Group boosted their price objective on Shell to $122.40 and gave the stock a "buy" rating in a report on Thursday, May 21st. Finally, Piper Sandler raised their target price on shares of Shell from $89.00 to $100.00 and gave the company a "neutral" rating in a research note on Thursday. Seven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat, Shell has a consensus rating of "Hold" and a consensus price target of $107.46.
Check Out Our Latest Research Report on SHEL
Shell Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding SHEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report).
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