HORAN Wealth LLC Has $3.31 Million Stake in Shell PLC Unsponsored ADR $SHEL

HORAN Wealth LLC decreased its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 48.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 42,632 shares of the energy company’s stock after selling 40,670 shares during the quarter. HORAN Wealth LLC’s holdings in Shell were worth $3,306,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Cibc World Market Inc. lifted its holdings in Shell by 66.3% during the 2nd quarter. Cibc World Market Inc. now owns 586,039 shares of the energy company’s stock valued at $45,441,000 after purchasing an additional 233,634 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Shell by 44.3% in the 2nd quarter. Van ECK Associates Corp now owns 643,152 shares of the energy company’s stock valued at $49,870,000 after purchasing an additional 197,551 shares during the last quarter. Cullen Capital Management LLC grew its position in Shell by 50.0% in the second quarter. Cullen Capital Management LLC now owns 448,464 shares of the energy company’s stock valued at $34,774,000 after acquiring an additional 149,430 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Shell by 1.9% during the 2nd quarter. Bank of America Corp DE now owns 7,709,715 shares of the energy company’s stock valued at $597,811,000 after purchasing an additional 146,988 shares during the last quarter. Finally, Thornburg Investment Management Inc. increased its holdings in shares of Shell by 100.3% during the second quarter. Thornburg Investment Management Inc. now owns 228,036 shares of the energy company’s stock worth $17,682,000 after buying an additional 114,162 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SHEL has been the subject of several recent research reports. Erste Group Bank raised Shell from a “hold” rating to a “buy” rating in a research note on Thursday, August 27th. Mizuho assumed coverage on Shell in a research note on Monday, July 20th. They set a “neutral” rating and a $98.00 target price for the company. TD Cowen reiterated a “buy” rating on shares of Shell in a report on Thursday, July 2nd. Morgan Stanley set a $101.30 target price on Shell and gave the stock an “overweight” rating in a report on Thursday. Finally, Weiss Ratings raised Shell from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Seven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $107.46.

Shell Stock Performance

NYSE:SHEL opened at $92.98 on Monday. 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 capitalization of $260.67 billion, a P/E ratio of 10.26, a P/E/G ratio of 0.85 and a beta of 0.05. Shell PLC Unsponsored ADR has a 1 year low of $68.63 and a 1 year high of $94.90. The business has a fifty day simple moving average of $87.65 and a two-hundred day simple moving average of $86.89.

Shell (NYSE:SHEL) last posted its earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share 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 firm had revenue of $94.66 billion during the quarter, compared to the consensus estimate of $86.22 billion. On average, analysts expect that Shell PLC Unsponsored ADR will post 10.53 earnings per share for the current year.

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.