Van ECK Associates Corp Has $49.87 Million Stake in Shell PLC Unsponsored ADR $SHEL

Van ECK Associates Corp raised its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 44.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 643,152 shares of the energy company’s stock after acquiring an additional 197,551 shares during the period. Van ECK Associates Corp’s holdings in Shell were worth $49,870,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SHEL. Zions Bancorporation National Association UT grew its holdings in shares of Shell by 186.7% during the fourth quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company’s stock valued at $35,000 after buying an additional 308 shares in the last quarter. Nalls Sherbakoff Group LLC purchased a new stake in Shell in the 4th quarter worth about $36,000. Kilter Group LLC boosted its position in Shell by 83.1% during the 2nd quarter. Kilter Group LLC now owns 498 shares of the energy company’s stock worth $39,000 after acquiring an additional 226 shares during the period. Allied Private Wealth LLC purchased a new position in Shell during the 2nd quarter valued at about $43,000. Finally, Elyxium Wealth LLC acquired a new position in shares of Shell in the 4th quarter valued at about $55,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on SHEL. Weiss Ratings upgraded shares of Shell from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Wall Street Zen raised shares of Shell from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. HSBC upgraded shares of Shell from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Zacks Research lowered Shell from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, Erste Group Bank upgraded Shell from a “hold” rating to a “buy” rating in a research note on Thursday. Six investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $106.77.

Shell Price Performance

NYSE SHEL opened at $90.91 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $254.87 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 0.60 and a beta of 0.05. Shell PLC Unsponsored ADR has a 12-month low of $68.63 and a 12-month high of $94.90. The company has a 50 day moving average price of $86.20 and a two-hundred day moving average price of $86.34.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 EPS for the quarter, topping the consensus estimate of $3.23 by $0.29. Shell had a net margin of 8.55% and a return on equity of 14.34%. The company had revenue of $94.66 billion for the quarter, compared to analyst estimates of $86.22 billion. As a group, equities analysts predict that Shell PLC Unsponsored ADR will post 10.38 earnings per share for the current fiscal year.

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.