Gabelli Funds LLC Lowers Position in Shell PLC Unsponsored ADR $SHEL

Gabelli Funds LLC cut its stake in Shell PLC Unsponsored ADR (NYSE:SHEL) by 8.7% in the 2nd quarter, Holdings Channel reports. The fund owned 369,150 shares of the energy company’s stock after selling 35,025 shares during the quarter. Gabelli Funds LLC’s holdings in Shell were worth $28,624,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new position in Shell during the fourth quarter valued at approximately $26,000. Zions Bancorporation National Association UT boosted its stake in shares of Shell by 186.7% in the 4th quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company’s stock valued at $35,000 after purchasing an additional 308 shares in the last quarter. Nalls Sherbakoff Group LLC bought a new position in shares of Shell during the 4th quarter valued at $36,000. Ares Financial Consulting LLC purchased a new position in Shell in the 4th quarter worth $38,000. Finally, Kilter Group LLC lifted its stake in Shell by 83.1% in the second quarter. Kilter Group LLC now owns 498 shares of the energy company’s stock worth $39,000 after purchasing an additional 226 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Trending Headlines about Shell

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SHEL. Wells Fargo & Company raised their target price on shares of Shell from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Mizuho assumed coverage on shares of Shell in a research report on Monday, July 20th. They set a “neutral” rating and a $98.00 price target for the company. Erste Group Bank reaffirmed a “hold” rating on shares of Shell in a research note on Tuesday, May 5th. Wall Street Zen raised Shell from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Finally, TD Cowen reissued a “buy” rating on shares of Shell in a research note on Thursday, July 2nd. Five equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $106.77.

Shell Trading Down 0.3%

NYSE:SHEL opened at $93.39 on Friday. The stock has a market cap of $261.82 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 0.61 and a beta of 0.05. 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 company’s 50 day moving average price is $85.10 and its 200-day moving average price is $85.81. Shell PLC Unsponsored ADR has a 52 week low of $68.63 and a 52 week high of $94.90.

Shell (NYSE:SHEL) last announced its earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share 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 business had revenue of $94.66 billion during the quarter, compared to analyst estimates of $86.22 billion. On average, equities research analysts forecast that Shell PLC Unsponsored ADR will post 10.36 earnings per share for the current fiscal year.

About Shell

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.