Shell PLC Unsponsored ADR $SHEL Position Boosted by Van ECK Associates Corp

Key Points

• Van ECK Associates increased its Shell stake by 44.3% in the second quarter, adding 197,551 shares to hold 643,152 shares valued at approximately $49.9 million. Institutional investors and hedge funds collectively own 28.6% of Shell.
• Analyst sentiment remains mixed: six analysts rate Shell a Buy and twelve rate it a Hold, resulting in an overall “Hold” consensus and an average price target of $106.77.
• Shell shares opened at $90.91, near their 52-week high of $94.90. The company exceeded quarterly expectations, reporting $3.52 in EPS versus the $3.23 consensus and revenue of $94.66 billion versus estimates of $86.22 billion.

Van ECK Associates Corp boosted its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 44.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 643,152 shares of the energy company's stock after acquiring an additional 197,551 shares during the quarter. Van ECK Associates Corp's holdings in Shell were worth $49,870,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Piper Sandler lifted their price target on Shell from $88.00 to $89.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Mizuho started coverage on Shell in a report on Monday, July 20th. They issued a "neutral" rating and a $98.00 price objective for the company. Jefferies Financial Group lifted their target price on Shell to $122.40 and gave the stock a "buy" rating in a report on Thursday, May 21st. 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 research report on Friday, July 31st. Finally, Zacks Research lowered shares of Shell from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 25th. Six analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $106.77.

Shell Price Performance

Shares of NYSE:SHEL opened at $90.91 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.43. The company has a market capitalization of $254.87 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 0.60 and a beta of 0.05. The stock has a fifty day moving average of $86.20 and a 200-day moving average of $86.34. Shell PLC Unsponsored ADR has a one year low of $68.63 and a one year high of $94.90.

Shell (NYSE:SHEL - Get Free Report) last announced its 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 return on equity of 14.34% and a net margin of 8.55%.The company had revenue of $94.66 billion for the quarter, compared to analyst estimates of $86.22 billion. As a group, equities analysts anticipate that Shell PLC Unsponsored ADR will post 10.38 EPS for the current fiscal year.

Shell Company 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.

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