Tidal Investments LLC Sells 1,096,614 Shares of Shell PLC Unsponsored ADR $SHEL

Key Points

• Tidal Investments reduced its Shell stake by 71.1% in the second quarter, selling 1,096,614 shares and retaining 445,750 shares valued at approximately $34.6 million.
• Analyst sentiment remains mixed: Shell has a consensus rating of “Hold” from 18 analysts, with an average price target of $107.46; seven analysts rate it a Buy and eleven a Hold.
• Shell reported stronger-than-expected quarterly results, with earnings of $3.52 per share versus the $3.23 consensus estimate and revenue of $94.66 billion compared with expectations of $86.22 billion.

Tidal Investments LLC cut its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 71.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 445,750 shares of the energy company's stock after selling 1,096,614 shares during the period. Tidal Investments LLC's holdings in Shell were worth $34,563,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Continuum Advisory LLC acquired a new stake in shares of Shell in the 2nd quarter valued at approximately $34,000. Zions Bancorporation National Association UT increased its stake in Shell by 186.7% in the fourth quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company's stock valued at $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 worth $36,000. Kilter Group LLC grew its holdings in shares of Shell by 83.1% in the 2nd quarter. Kilter Group LLC now owns 498 shares of the energy company's stock valued at $39,000 after buying an additional 226 shares during the period. Finally, Allied Private Wealth LLC bought a new stake in shares of Shell in the 2nd quarter valued at $43,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SHEL has been the subject of several recent analyst reports. Mizuho initiated coverage on Shell in a report on Monday, July 20th. They issued a "neutral" rating and a $98.00 price target for the company. Jefferies Financial Group increased their target price on Shell to $122.40 and gave the stock a "buy" rating in a research note on Thursday, May 21st. Erste Group Bank upgraded shares of Shell from a "hold" rating to a "buy" rating in a report on Thursday, August 27th. Morgan Stanley set a $101.30 target price on shares of Shell and gave the stock an "overweight" rating in a research note on Thursday, September 3rd. Finally, HSBC raised Shell from a "hold" rating to a "buy" rating in a research note on Monday, May 18th. Seven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, Shell presently has a consensus rating of "Hold" and an average price target of $107.46.

Shell Price Performance

Shares of NYSE SHEL opened at $95.67 on Thursday. Shell PLC Unsponsored ADR has a fifty-two week low of $68.63 and a fifty-two week high of $96.27. The stock has a market capitalization of $268.21 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 0.85 and a beta of 0.05. 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 business has a 50-day moving average of $88.71 and a 200-day moving average of $87.21.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share for the quarter, beating analysts' consensus estimates of $3.23 by $0.29. The firm had revenue of $94.66 billion during the quarter, compared to the consensus estimate of $86.22 billion. Shell had a return on equity of 14.34% and a net margin of 8.55%. As a group, sell-side analysts predict that Shell PLC Unsponsored ADR will post 10.77 earnings per share for the current fiscal 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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