Shell PLC Unsponsored ADR $SHEL Shares Sold by Archford Capital Strategies LLC

Archford Capital Strategies LLC cut its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 27.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,122 shares of the energy company's stock after selling 22,040 shares during the quarter. Archford Capital Strategies LLC's holdings in Shell were worth $4,429,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SHEL. Continuum Advisory LLC purchased a new stake in shares of Shell in the 2nd quarter valued at approximately $34,000. Zions Bancorporation National Association UT grew its stake in shares of Shell by 186.7% during the fourth quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company's stock worth $35,000 after purchasing an additional 308 shares in the last quarter. Nalls Sherbakoff Group LLC acquired a new stake in Shell in the fourth quarter valued at $36,000. Kilter Group LLC lifted its holdings in Shell by 83.1% during the 2nd quarter. Kilter Group LLC now owns 498 shares of the energy company's stock worth $39,000 after buying an additional 226 shares during the last quarter. Finally, Allied Private Wealth LLC acquired a new position in shares of Shell during the 2nd quarter worth about $43,000. Institutional investors and hedge funds own 28.60% of the company's stock.

Wall Street Analysts Forecast Growth

SHEL has been the topic of several research analyst reports. Wells Fargo & Company raised their target price on Shell from $100.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Friday, July 31st. TD Cowen reiterated a "buy" rating on shares of Shell in a research note on Thursday, July 2nd. Wall Street Zen upgraded shares of Shell from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Zacks Research cut shares of Shell from a "strong-buy" rating to a "hold" rating in a report on Monday, May 25th. Finally, Mizuho began coverage on shares of Shell in a research note on Monday, July 20th. They set a "neutral" rating and a $98.00 price target on the stock. Seven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $107.46.

Shell Price Performance

Shares of NYSE SHEL opened at $95.67 on Thursday. The stock has a 50 day moving average of $88.71 and a two-hundred day moving average of $87.21. The stock has a market cap of $268.21 billion, a P/E ratio of 10.56, a P/E/G ratio of 0.85 and a beta of 0.05. Shell PLC Unsponsored ADR has a twelve month low of $68.63 and a twelve month high of $96.27. 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 (NYSE:SHEL - Get Free Report) last issued its quarterly 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. Shell had a net margin of 8.55% and a return on equity of 14.34%. The firm had revenue of $94.66 billion during the quarter, compared to analysts' expectations of $86.22 billion. On average, research analysts forecast that Shell PLC Unsponsored ADR will post 10.77 earnings per share for the current year.

Shell Profile

Shell plc is a global energy company headquartered in London, United Kingdom. Its operations span the exploration, production, processing, trading and marketing of energy resources, including crude oil, natural gas and liquefied natural gas (LNG).

The company also operates refineries, petrochemical and chemical businesses, fuel stations and other energy-marketing activities. Through its Energy Solutions operations, Shell provides renewable power, electric-vehicle charging, energy-efficiency services and lower-carbon fuels, while continuing to develop technologies and projects intended to reduce emissions from energy production and use.

Shell traces its history to the Royal Dutch Petroleum Company and the Shell Transport and Trading Company, which combined their operations in 1907.

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