Shell plc (NYSE:SHEL) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lessened its holdings in Shell plc (NYSE:SHEL - Free Report) by 76.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,856 shares of the energy company's stock after selling 15,473 shares during the period. Tower Research Capital LLC TRC's holdings in Shell were worth $304,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. World Investment Advisors LLC boosted its position in shares of Shell by 37.0% in the third quarter. World Investment Advisors LLC now owns 5,594 shares of the energy company's stock worth $369,000 after buying an additional 1,512 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Shell in the third quarter valued at approximately $2,552,000. Peapack Gladstone Financial Corp lifted its position in shares of Shell by 1.7% during the third quarter. Peapack Gladstone Financial Corp now owns 67,647 shares of the energy company's stock worth $4,460,000 after purchasing an additional 1,152 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Shell by 0.9% in the third quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company's stock valued at $408,430,000 after purchasing an additional 55,637 shares during the period. Finally, Old Port Advisors increased its stake in Shell by 8.5% during the 4th quarter. Old Port Advisors now owns 4,149 shares of the energy company's stock worth $260,000 after buying an additional 325 shares during the period. Institutional investors and hedge funds own 28.60% of the company's stock.

Analyst Ratings Changes

SHEL has been the subject of several recent analyst reports. Barclays restated an "overweight" rating on shares of Shell in a research note on Wednesday, March 26th. Scotiabank cut their target price on Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company decreased their price target on shares of Shell from $87.00 to $83.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada reiterated an "outperform" rating on shares of Shell in a research note on Wednesday, March 26th. Finally, UBS Group raised shares of Shell from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $77.73.

Shell Stock Up 2.9 %

Shares of Shell stock opened at $66.67 on Friday. Shell plc has a twelve month low of $58.55 and a twelve month high of $74.61. The stock has a market capitalization of $200.55 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 0.98 and a beta of 0.27. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The business's 50 day simple moving average is $66.91 and its 200-day simple moving average is $65.91.

Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.19. The company had revenue of $69.23 billion during the quarter, compared to the consensus estimate of $79.18 billion. Shell had a net margin of 5.57% and a return on equity of 12.75%. During the same quarter in the previous year, the company posted $2.40 earnings per share. Equities research analysts forecast that Shell plc will post 7.67 earnings per share for the current year.

Shell declared that its Board of Directors has initiated a stock buyback program on Friday, May 2nd that allows the company to buyback $3.50 billion in shares. This buyback authorization allows the energy company to repurchase up to 1.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

Shell Profile

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.

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