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

SG Americas Securities LLC lowered its stake in Shell PLC Unsponsored ADR (NYSE:SHEL) by 48.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 162,003 shares of the energy company’s stock after selling 154,213 shares during the quarter. SG Americas Securities LLC’s holdings in Shell were worth $15,066,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in SHEL. Natixis Advisors LLC grew its position in shares of Shell by 13.2% in the third quarter. Natixis Advisors LLC now owns 1,445,346 shares of the energy company’s stock valued at $103,386,000 after purchasing an additional 167,983 shares during the period. Allied Investment Advisors LLC lifted its stake in Shell by 2.5% in the 4th quarter. Allied Investment Advisors LLC now owns 196,452 shares of the energy company’s stock valued at $14,435,000 after buying an additional 4,720 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Shell by 30.4% in the 4th 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 last quarter. Adell Harriman & Carpenter Inc. increased its stake in Shell by 4.7% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 156,733 shares of the energy company’s stock worth $11,517,000 after buying an additional 7,083 shares in the last quarter. Finally, Woodstock Corp raised its holdings in shares of Shell by 0.3% during the fourth 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 last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Performance

NYSE SHEL opened at $77.28 on Friday. Shell PLC Unsponsored ADR has a fifty-two week low of $68.63 and a fifty-two week high of $94.90. The firm has a market capitalization of $216.65 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 0.48 and a beta of 0.05. The stock’s fifty day moving average is $85.50 and its two-hundred day moving average is $82.12. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.97 and a current ratio of 1.27.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Friday, May 8th. The energy company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.14 by $0.30. Shell had a return on equity of 11.18% and a net margin of 6.85%.The business had revenue of $69.69 billion for the quarter, compared to analyst estimates of $77.54 billion. On average, research analysts anticipate that Shell PLC Unsponsored ADR will post 10.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SHEL shares. Wall Street Zen raised Shell from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Morgan Stanley cut shares of Shell from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 24th. BNP Paribas Exane set a $101.00 target price on shares of Shell and gave the company a “neutral” rating in a research report on Friday, April 17th. TD Cowen decreased their price target on shares of Shell from $112.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Finally, Weiss Ratings cut shares of Shell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. Six analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $100.46.

Shell 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.