Corient Private Wealth LP Trims Holdings in Shell PLC Unsponsored ADR $SHEL

Corient Private Wealth LP lowered its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 1.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 351,034 shares of the energy company’s stock after selling 5,895 shares during the period. Corient Private Wealth LP’s holdings in Shell were worth $27,219,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SHEL. Brighton Jones LLC increased its position in Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock worth $468,000 after purchasing an additional 2,545 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Shell by 70.1% in the 1st quarter. AQR Capital Management LLC now owns 32,564 shares of the energy company’s stock valued at $2,386,000 after purchasing an additional 13,419 shares during the last quarter. IHT Wealth Management LLC grew its stake in shares of Shell by 31.6% in the 2nd quarter. IHT Wealth Management LLC now owns 11,900 shares of the energy company’s stock valued at $838,000 after buying an additional 2,857 shares during the period. Captrust Financial Advisors increased its holdings in shares of Shell by 5.5% during the 2nd quarter. Captrust Financial Advisors now owns 137,086 shares of the energy company’s stock worth $9,652,000 after buying an additional 7,179 shares during the last quarter. Finally, Horizon Investments LLC lifted its holdings in Shell by 6.4% in the third quarter. Horizon Investments LLC now owns 3,521 shares of the energy company’s stock valued at $252,000 after acquiring an additional 211 shares during the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Stock Down 0.4%

SHEL stock opened at $90.77 on Friday. Shell PLC Unsponsored ADR has a 12 month low of $68.63 and a 12 month high of $94.90. 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 company has a market cap of $254.46 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 0.60 and a beta of 0.05. The company has a fifty day moving average price of $85.95 and a 200 day moving average price of $86.31.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Friday, July 31st. The energy company reported $3.52 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.29. The company had revenue of $94.66 billion during the quarter, compared to analysts’ expectations of $86.22 billion. Shell had a return on equity of 14.34% and a net margin of 8.55%. Sell-side analysts expect that Shell PLC Unsponsored ADR will post 10.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SHEL has been the subject of a number of research analyst reports. Piper Sandler increased their price target on Shell from $88.00 to $89.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Wells Fargo & Company upped their price target on Shell from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. TD Cowen reaffirmed a “buy” rating on shares of Shell in a research note on Thursday, July 2nd. HSBC raised shares of Shell from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Finally, Zacks Research cut shares of Shell from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Six equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, Shell has an average rating of “Hold” and an average price target of $106.77.

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.