Farringdon Capital Ltd. lowered its stake in Shell PLC Unsponsored ADR (NYSE:SHEL – Free Report) by 60.4% in the 2nd quarter, Holdings Channel reports. The firm owned 23,788 shares of the energy company’s stock after selling 36,295 shares during the quarter. Farringdon Capital Ltd.’s holdings in Shell were worth $1,845,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of SHEL. Colonial Trust Advisors lifted its stake in Shell by 9.5% in the 4th quarter. Colonial Trust Advisors now owns 1,488 shares of the energy company’s stock worth $109,000 after purchasing an additional 129 shares in the last quarter. Financial Management Professionals Inc. grew its position in shares of Shell by 2.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 4,800 shares of the energy company’s stock valued at $372,000 after purchasing an additional 137 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in shares of Shell by 14.1% in the first quarter. Cornerstone Planning Group LLC now owns 1,215 shares of the energy company’s stock worth $109,000 after purchasing an additional 150 shares during the period. LRI Investments LLC raised its position in shares of Shell by 25.1% in the fourth quarter. LRI Investments LLC now owns 846 shares of the energy company’s stock worth $62,000 after buying an additional 170 shares in the last quarter. Finally, NBC Securities Inc. boosted its stake in Shell by 1.9% during the fourth quarter. NBC Securities Inc. now owns 9,552 shares of the energy company’s stock valued at $702,000 after buying an additional 176 shares during the period. 28.60% of the stock is owned by hedge funds and other institutional investors.
Key Shell News
Here are the key news stories impacting Shell this week:
- Positive Sentiment: Shell and INDYCAR will introduce an updated 100% renewable race fuel in 2027, with production sourced from Indiana. The initiative strengthens Shell’s renewable-fuels technology profile, supports its energy-transition strategy, and provides high-visibility branding through motorsports. INDYCAR To Introduce Updated Shell 100% Renewable Race Fuel in 2027
- Positive Sentiment: An analysis of Shell’s acquisition of ARC Resources argues that the deal demonstrates portfolio flexibility amid Middle Eastern disruptions. ARC’s low-cost condensate production could improve supply resilience and help Shell adapt to geopolitical shocks, although the article does not provide new guidance on earnings or the transaction’s financial returns. Shell: ARC Acquisition Shows The Flexibility When Responding To The Middle East Situation
- Neutral Sentiment: Shell reiterated its safety commitment at a forum for contractors and company executives in Nigeria. The focus on operational safety may support Shell’s reputation and reduce long-term execution and liability risks, but no specific financial targets or new projects were announced. Shell reinforces safety commitment at CEO contractors forum
Shell Trading Down 0.3%
Shell (NYSE:SHEL – Get Free Report) last released its quarterly earnings data on Friday, July 31st. The energy company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.29. Shell had a net margin of 8.55% and a return on equity of 14.34%. The firm had revenue of $94.66 billion for the quarter, compared to analysts’ expectations of $86.22 billion. As a group, sell-side analysts anticipate that Shell PLC Unsponsored ADR will post 10.36 earnings per share for the current year.
Analyst Ratings Changes
Several analysts have weighed in on the company. Erste Group Bank reaffirmed a “hold” rating on shares of Shell in a report on Tuesday, May 5th. Zacks Research cut shares of Shell from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Piper Sandler raised their target price on shares of Shell from $88.00 to $89.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Wall Street Zen raised shares of Shell from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings upgraded shares of Shell from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Five research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $106.77.
View Our Latest Stock Report on Shell
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.
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