Ausdal Financial Partners Inc. Trims Stock Holdings in Shell PLC Unsponsored ADR $SHEL

Key Points

• Ausdal Financial Partners cut its Shell stake by 26.2% in the second quarter, selling 13,841 shares and retaining 39,026 shares valued at approximately $3.03 million. Institutional investors and hedge funds collectively own 28.6% of Shell.
• Shell reported quarterly earnings of $3.52 per share, exceeding the $3.23 analyst consensus, while revenue of $94.66 billion also surpassed estimates. Analysts expect full-year earnings of $10.36 per share.
• Shell shares opened at $91.14, compared with an average analyst price target of $106.77. Ratings remain mostly neutral, with five Buy ratings and 13 Holds, although several analysts recently raised their price targets.

Ausdal Financial Partners Inc. reduced its stake in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 26.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 39,026 shares of the energy company's stock after selling 13,841 shares during the quarter. Ausdal Financial Partners Inc.'s holdings in Shell were worth $3,026,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Colonial Trust Advisors grew its stake in shares of Shell by 9.5% in the fourth quarter. Colonial Trust Advisors now owns 1,488 shares of the energy company's stock worth $109,000 after acquiring an additional 129 shares in the last quarter. Financial Management Professionals Inc. raised its position in Shell by 2.9% in the 2nd quarter. Financial Management Professionals Inc. now owns 4,800 shares of the energy company's stock valued at $372,000 after purchasing an additional 137 shares in the last quarter. Cornerstone Planning Group LLC boosted its stake in shares of Shell by 14.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,215 shares of the energy company's stock valued at $109,000 after buying an additional 150 shares during the period. LRI Investments LLC grew its position in shares of Shell by 25.1% during the fourth quarter. LRI Investments LLC now owns 846 shares of the energy company's stock worth $62,000 after buying an additional 170 shares in the last quarter. Finally, Horizon Investments LLC raised its holdings in Shell by 5.2% in the fourth quarter. Horizon Investments LLC now owns 3,703 shares of the energy company's stock valued at $272,000 after acquiring an additional 182 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Price Performance

Shell stock opened at $91.14 on Thursday. Shell PLC Unsponsored ADR has a 12 month low of $68.63 and a 12 month high of $94.90. The stock has a market capitalization of $255.51 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 0.60 and a beta of 0.05. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.12. The business has a 50 day simple moving average of $85.72 and a 200-day simple moving average of $86.20.

Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.23 by $0.29. Shell had a net margin of 8.55% and a return on equity of 14.34%. The business had revenue of $94.66 billion for the quarter, compared to analyst estimates of $86.22 billion. Equities analysts predict that Shell PLC Unsponsored ADR will post 10.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

SHEL has been the subject of several analyst reports. Wells Fargo & Company boosted their price target on shares of Shell from $100.00 to $105.00 and gave the stock an "equal weight" rating in a report on Friday, July 31st. Piper Sandler increased their target price on Shell from $88.00 to $89.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Weiss Ratings upgraded Shell from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, July 28th. Jefferies Financial Group upped their price objective on Shell to $122.40 and gave the stock a "buy" rating in a research report on Thursday, May 21st. Finally, TD Cowen reissued a "buy" rating on shares of Shell in a research report on Thursday, July 2nd. Five investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $106.77.

About Shell

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.

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