Shell PLC Unsponsored ADR $SHEL Position Reduced by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management reduced its Shell position by 4.1% in the second quarter, selling 14,102 shares and retaining 331,800 shares valued at approximately $25.7 million.
• Institutional ownership remains significant at 28.6%, with several major investors—including Van ECK Associates, CIBC World Markets and Cullen Capital Management—substantially increasing their Shell holdings.
• Shell shares opened at $93.64, near their 52-week high, while analysts maintain a consensus “Hold” rating and a $106.77 price target. The company recently beat quarterly earnings and revenue estimates, reporting $3.52 in EPS on $94.66 billion in revenue.

Northwestern Mutual Wealth Management Co. lessened its position in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 4.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 331,800 shares of the energy company's stock after selling 14,102 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Shell were worth $25,728,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of Shell by 1.9% in the second quarter. Bank of America Corp DE now owns 7,709,715 shares of the energy company's stock worth $597,811,000 after buying an additional 146,988 shares during the period. Jones Financial Companies Lllp lifted its stake in Shell by 5.2% in the 2nd quarter. Jones Financial Companies Lllp now owns 776,654 shares of the energy company's stock worth $59,445,000 after acquiring an additional 38,212 shares in the last quarter. Van ECK Associates Corp grew its stake in Shell by 44.3% during the 2nd quarter. Van ECK Associates Corp now owns 643,152 shares of the energy company's stock valued at $49,870,000 after acquiring an additional 197,551 shares in the last quarter. Cibc World Market Inc. lifted its position in shares of Shell by 66.3% in the second quarter. Cibc World Market Inc. now owns 586,039 shares of the energy company's stock worth $45,441,000 after purchasing an additional 233,634 shares in the last quarter. Finally, Cullen Capital Management LLC boosted its holdings in shares of Shell by 50.0% during the second quarter. Cullen Capital Management LLC now owns 448,464 shares of the energy company's stock worth $34,774,000 after purchasing an additional 149,430 shares during the period. 28.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Shell from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Zacks Research lowered Shell from a "strong-buy" rating to a "hold" rating in a report on Monday, May 25th. Erste Group Bank upgraded Shell from a "hold" rating to a "buy" rating in a report on Thursday, August 27th. Weiss Ratings raised shares of Shell from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, July 28th. Finally, Jefferies Financial Group boosted their target price on shares of Shell to $122.40 and gave the stock a "buy" rating in a research report on Thursday, May 21st. Six research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $106.77.

Shell Stock Performance

Shares of NYSE SHEL opened at $93.64 on Wednesday. Shell PLC Unsponsored ADR has a 52 week low of $68.63 and a 52 week high of $94.90. The business's 50-day simple moving average is $86.72 and its 200-day simple moving average is $86.59. 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 firm has a market cap of $262.52 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of 0.60 and a beta of 0.05.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The energy company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.29. The business had revenue of $94.66 billion during the quarter, compared to analysts' expectations of $86.22 billion. Shell had a return on equity of 14.34% and a net margin of 8.55%. As a group, equities research analysts expect that Shell PLC Unsponsored ADR will post 10.38 earnings per share for the current fiscal year.

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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