Shell PLC Unsponsored ADR $SHEL Position Trimmed by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC cut its stake in Shell PLC Unsponsored ADR (NYSE:SHEL) by 3.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 212,329 shares of the energy company’s stock after selling 8,567 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Shell were worth $20,182,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Engineers Gate Manager LP raised its holdings in Shell by 300.7% during the second quarter. Engineers Gate Manager LP now owns 840,770 shares of the energy company’s stock valued at $65,193,000 after buying an additional 630,948 shares in the last quarter. Waverly Advisors LLC grew its holdings in shares of Shell by 307.1% during the second quarter. Waverly Advisors LLC now owns 407,847 shares of the energy company’s stock worth $31,624,000 after purchasing an additional 307,671 shares during the last quarter. Cibc World Market Inc. boosted its holdings in Shell by 66.3% in the second quarter. Cibc World Market Inc. now owns 586,039 shares of the energy company’s stock valued at $45,441,000 after acquiring an additional 233,634 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Shell by 44.3% during the 2nd quarter. Van ECK Associates Corp now owns 643,152 shares of the energy company’s stock worth $49,870,000 after buying an additional 197,551 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Shell by 7.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,352,694 shares of the energy company’s stock valued at $182,425,000 after acquiring an additional 171,873 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analysts Set New Price Targets

SHEL has been the topic of a number of research analyst reports. Mizuho started coverage on Shell in a research report on Monday, July 20th. They set a “neutral” rating and a $98.00 price target on the stock. Wall Street Zen raised Shell from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. HSBC restated a “buy” rating on shares of Shell in a research note on Friday, September 25th. TD Cowen increased their price target on Shell from $107.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, September 28th. Finally, Morgan Stanley set a $101.30 price target on Shell and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $106.08.

Shell Stock Performance

SHEL traded up $0.18 on Friday, hitting $100.38. 5,222,301 shares of the company traded hands, compared to its average volume of 6,987,869. 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 $281.42 billion, a PE ratio of 11.09, a PEG ratio of 0.78 and a beta of 0.10. Shell PLC Unsponsored ADR has a 12-month low of $68.63 and a 12-month high of $101.17. The company has a 50 day moving average of $93.53 and a 200-day moving average of $88.76.

Shell (NYSE:SHEL) last posted its quarterly earnings results 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 company had revenue of $94.66 billion during the quarter, compared to the consensus estimate of $86.22 billion. Sell-side analysts anticipate that Shell PLC Unsponsored ADR will post 11.23 earnings per share for the current year.

Trending Headlines about Shell

Here are the key news stories impacting Shell this week:

• Positive Sentiment: Analyst upgrades and higher valuation target: Zacks upgraded Shell from “hold” to “strong-buy,” while TD Cowen raised its price target to $115, reinforcing bullish sentiment around the stock. Zacks Research Upgrades Shell TD Cowen raised Shell target
• Positive Sentiment: Solid third-quarter setup: Shell’s preliminary outlook points to stronger Integrated Gas production and improved refining margins. RBC lowered its quarterly profit estimate modestly to $11.5 billion, but that remains well above the $9.5 billion consensus; it also raised its cash-flow forecast. Shell Q3 outlook RBC Shell forecast
• Positive Sentiment: Operational recovery in Qatar: Shell partially restarted its Pearl gas-to-liquids facility, an initial step toward testing production facilities and restoring operations. Shell restarts Pearl facility
• Positive Sentiment: Continued bullish investor narrative: Financial screens and earnings-momentum analysis identified SHEL as an attractive energy stock, while commentary argues that its shares may still look inexpensive despite a substantial recent rally. Positive earnings momentum
• Neutral Sentiment: Renewables-asset sale: Aditya Birla Renewables is reportedly seeking $1.5 billion in rupee loans to acquire Shell’s Indian renewable-energy arm. The transaction could support Shell’s portfolio management, but financing discussions are not yet a completed sale. Aditya Birla financing
• Negative Sentiment: Weather-related disruption: Shell curtailed some Gulf of Mexico offshore output as Tropical Storm Isaias approached, creating a temporary production and operational risk. Gulf of Mexico output cuts

About Shell

Shell plc is a global energy company headquartered in London, United Kingdom. Its operations span the exploration, production, processing, transportation and marketing of oil and natural gas, with an increasing focus on liquefied natural gas (LNG), lower-carbon energy and energy-transition solutions.

The company supplies fuels, lubricants, chemicals and other energy products to businesses, transportation customers and consumers. Shell also operates a network of retail service stations and provides charging services for electric vehicles, renewable power and related energy solutions.