Shell PLC Unsponsored ADR $SHEL Stock: Trek Financial LLC Lowers Holdings

Key Points

• Trek Financial cut its Shell position by 94% in the third quarter, selling 72,407 shares and ending the period with 4,635 shares worth about $441,000. Institutional investors overall own 28.6% of the stock.
• Shell beat quarterly earnings expectations, reporting $3.86 per share versus a $3.60 consensus estimate, and authorized a $5 billion share buyback.
• Analysts’ average rating is “Moderate Buy,” with an average price target of $107.08. Recent business developments include a long-term LNG supply deal with METLEN and an agreement to sell Shell’s North West Shelf LNG stake for $1.45 billion.

Trek Financial LLC lessened its position in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 94.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,635 shares of the energy company's stock after selling 72,407 shares during the quarter. Trek Financial LLC's holdings in Shell were worth $441,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Woodmont Investment Counsel LLC grew its holdings in Shell by 162.8% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 18,322 shares of the energy company's stock valued at $1,742,000 after buying an additional 11,349 shares during the last quarter. Traynor Capital Management Inc. lifted its holdings in shares of Shell by 1.1% during the third quarter. Traynor Capital Management Inc. now owns 13,282 shares of the energy company's stock worth $1,262,000 after buying an additional 142 shares during the last quarter. Boit C F David bought a new stake in shares of Shell in the third quarter valued at approximately $190,000. Austin Asset Management Co Inc bought a new stake in shares of Shell in the third quarter valued at approximately $234,000. Finally, Aviance Capital Partners LLC grew its stake in shares of Shell by 3.0% in the third quarter. Aviance Capital Partners LLC now owns 3,408 shares of the energy company's stock worth $324,000 after acquiring an additional 100 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Key Headlines Impacting Shell

Here are the key news stories impacting Shell this week:

• Positive Sentiment: Shell’s five-year agreement with METLEN provides for six LNG cargoes annually from 2027. It could strengthen Shell’s position in Europe and improve visibility for sales of U.S.-sourced gas. Shell Strengthens Its European LNG Position With New METLEN Deal
• Positive Sentiment: Goldman Sachs reaffirmed its “buy” rating, signaling continued analyst support. Goldman Sachs recommendations
• Positive Sentiment: Shell started production from Silvertip Phase 3 in the Gulf, adding a new source of output. Shell starts production from Silvertip Phase 3 in the Gulf
• Positive Sentiment: A long-term supply agreement tied to a planned Morocco sustainable aviation fuel project could expand Shell’s lower-carbon fuels business. Shell secures SAF supply from planned Morocco plant
• Neutral Sentiment: Shell agreed to sell its North West Shelf LNG stake to ADNOC’s XRG for $1.45 billion. The sale brings in cash and reshapes its portfolio, but also reduces its interest in the asset; the reports do not specify how proceeds will be used. Shell agrees to sell North West Shelf interest to ADNOC's XRG for $1.45 billion

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SHEL shares. Barclays reaffirmed an "overweight" rating on shares of Shell in a research report on Monday, October 5th. Mizuho set a $103.00 price target on shares of Shell in a research report on Monday, October 12th. Wall Street Zen upgraded shares of Shell from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. TD Cowen lifted their target price on Shell from $107.00 to $115.00 and gave the stock a "buy" rating in a research report on Monday, September 28th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Shell in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $107.08.

Shell Price Performance

NYSE:SHEL opened at $104.25 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.09 and a current ratio of 1.38. The company has a 50-day moving average of $98.55 and a 200-day moving average of $88.48. Shell PLC Unsponsored ADR has a 52 week low of $68.63 and a 52 week high of $109.37. The company has a market capitalization of $298.65 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 0.89 and a beta of 0.07.

Shell (NYSE:SHEL - Get Free Report) last posted its earnings results on Thursday, October 29th. The energy company reported $3.86 earnings per share for the quarter, beating analysts' consensus estimates of $3.60 by $0.26. Shell had a net margin of 9.96% and a return on equity of 16.86%. The business had revenue of $92.85 billion for the quarter, compared to analysts' expectations of $93.25 billion. As a group, equities research analysts anticipate that Shell PLC Unsponsored ADR will post 12.23 earnings per share for the current fiscal year.

Shell announced that its Board of Directors has authorized a share repurchase plan on Thursday, October 29th that authorizes the company to buy back $5 billion in shares. This repurchase authorization authorizes the energy company to purchase up to 1.7% of its shares through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Shell Profile

Shell plc is a global energy company headquartered in London, England. Its operations span the energy value chain, including the exploration, production, processing, trading and marketing of oil and natural gas. The company is also a major participant in liquefied natural gas (LNG), refining, chemicals and energy-related products.

Shell sells fuels, lubricants and other petroleum products through branded retail and commercial businesses, while also providing services to industrial, marine and aviation customers.

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