Shell PLC Unsponsored ADR $SHEL Shares Sold by Strategic Global Advisors LLC

Key Points

• Strategic Global Advisors LLC cut its Shell stake by 74.8% in the second quarter, selling 13,204 shares and retaining 4,438 shares valued at approximately $344,000.
• Institutional investors own 28.6% of Shell, while analyst sentiment remains mixed: five analysts rate it a Buy and 13 a Hold, producing a consensus Hold rating and a $106.77 price target.
• Shell’s latest quarterly results exceeded expectations, with EPS of $3.52 versus $3.23 expected and revenue of $94.66 billion versus $86.22 billion estimated. Shares opened at $91.14, near their one-year high of $94.90.

Strategic Global Advisors LLC decreased its stake in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 74.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,438 shares of the energy company's stock after selling 13,204 shares during the period. Strategic Global Advisors LLC's holdings in Shell were worth $344,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SHEL. Brighton Jones LLC increased its stake in Shell by 51.7% in the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock valued at $468,000 after purchasing an additional 2,545 shares in the last quarter. AQR Capital Management LLC grew its holdings in Shell by 70.1% in the first quarter. AQR Capital Management LLC now owns 32,564 shares of the energy company's stock valued at $2,386,000 after purchasing an additional 13,419 shares during the last quarter. IHT Wealth Management LLC increased its position in shares of Shell by 31.6% in the second quarter. IHT Wealth Management LLC now owns 11,900 shares of the energy company's stock valued at $838,000 after buying an additional 2,857 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Shell by 5.5% during the 2nd quarter. Captrust Financial Advisors now owns 137,086 shares of the energy company's stock worth $9,652,000 after buying an additional 7,179 shares during the last quarter. Finally, Horizon Investments LLC boosted its position in shares of Shell by 6.4% in the 3rd quarter. Horizon Investments LLC now owns 3,521 shares of the energy company's stock worth $252,000 after buying an additional 211 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on SHEL shares. Zacks Research downgraded shares of Shell from a "strong-buy" rating to a "hold" rating in a report on Monday, May 25th. Weiss Ratings upgraded shares of Shell from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, July 28th. HSBC upgraded Shell from a "hold" rating to a "buy" rating in a research report on Monday, May 18th. Wall Street Zen upgraded Shell from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Finally, Erste Group Bank reissued a "hold" rating on shares of Shell in a report on Tuesday, May 5th. Five research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat, Shell has a consensus rating of "Hold" and a consensus target price of $106.77.

Shell Stock Performance

NYSE:SHEL opened at $91.14 on Thursday. 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 firm has a market cap of $255.51 billion, a PE ratio of 10.06, a P/E/G ratio of 0.60 and a beta of 0.05. The firm has a 50 day simple moving average of $85.72 and a 200-day simple moving average of $86.20. Shell PLC Unsponsored ADR has a 1-year low of $68.63 and a 1-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. The firm had revenue of $94.66 billion for the quarter, compared to analyst estimates of $86.22 billion. Shell had a net margin of 8.55% and a return on equity of 14.34%. On average, equities analysts expect that Shell PLC Unsponsored ADR will post 10.36 EPS for the current 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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