Shell PLC Unsponsored ADR $SHEL Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 48.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,003 shares of the energy company’s stock after selling 154,213 shares during the period. SG Americas Securities LLC’s holdings in Shell were worth $15,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Natixis Advisors LLC boosted its stake in Shell by 13.2% in the 3rd quarter. Natixis Advisors LLC now owns 1,445,346 shares of the energy company’s stock worth $103,386,000 after purchasing an additional 167,983 shares in the last quarter. Allied Investment Advisors LLC increased its stake in Shell by 2.5% during the 4th quarter. Allied Investment Advisors LLC now owns 196,452 shares of the energy company’s stock valued at $14,435,000 after purchasing an additional 4,720 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of Shell by 30.4% during the fourth quarter. Captrust Financial Advisors now owns 180,630 shares of the energy company’s stock worth $13,273,000 after buying an additional 42,129 shares during the period. Adell Harriman & Carpenter Inc. grew its holdings in shares of Shell by 4.7% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 156,733 shares of the energy company’s stock valued at $11,517,000 after buying an additional 7,083 shares during the last quarter. Finally, Woodstock Corp increased its position in shares of Shell by 0.3% in the 4th quarter. Woodstock Corp now owns 145,683 shares of the energy company’s stock valued at $10,705,000 after acquiring an additional 381 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Down 0.5%

Shares of SHEL stock opened at $77.28 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.38. Shell PLC Unsponsored ADR has a twelve month low of $68.63 and a twelve month high of $94.90. The stock has a 50 day moving average of $85.50 and a 200 day moving average of $82.12. The stock has a market cap of $216.65 billion, a P/E ratio of 12.04, a P/E/G ratio of 0.48 and a beta of 0.05.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Friday, May 8th. The energy company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.30. Shell had a net margin of 6.85% and a return on equity of 11.18%. The business had revenue of $69.69 billion for the quarter, compared to analysts’ expectations of $77.54 billion. As a group, sell-side analysts expect that Shell PLC Unsponsored ADR will post 10.03 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on the company. Piper Sandler lifted their price target on Shell from $89.00 to $106.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. HSBC upgraded Shell from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Weiss Ratings lowered Shell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. Wells Fargo & Company raised their price target on shares of Shell from $77.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. Finally, Rothschild & Co Redburn downgraded shares of Shell from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Six research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $100.46.

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.