Shell PLC Unsponsored ADR $SHEL Stock Holdings Reduced by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. lowered its position in Shell PLC Unsponsored ADR (NYSE:SHEL) by 34.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 94,085 shares of the energy company’s stock after selling 49,775 shares during the period. Tocqueville Asset Management L.P.’s holdings in Shell were worth $7,295,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Shell during the 4th quarter valued at about $26,000. Zions Bancorporation National Association UT increased its stake in shares of Shell by 186.7% in the fourth quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company’s stock worth $35,000 after purchasing an additional 308 shares during the period. Nalls Sherbakoff Group LLC acquired a new position in shares of Shell during the 4th quarter worth about $36,000. Ares Financial Consulting LLC bought a new stake in shares of Shell in the fourth quarter valued at approximately $38,000. Finally, Allied Private Wealth LLC bought a new stake in Shell in the 2nd quarter valued at $43,000. 28.60% of the stock is currently owned by institutional investors.

Shell Price Performance

SHEL opened at $92.74 on Thursday. Shell PLC Unsponsored ADR has a 12 month low of $68.63 and a 12 month high of $94.90. 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 cap of $260.00 billion, a P/E ratio of 10.24, a P/E/G ratio of 0.60 and a beta of 0.05. The company has a fifty day simple moving average of $84.78 and a 200 day simple moving average of $85.64.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Friday, July 31st. The energy company reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.29. Shell had a return on equity of 14.34% and a net margin of 8.55%.The business had revenue of $94.66 billion during the quarter, compared to analyst estimates of $86.22 billion. On average, research analysts expect that Shell PLC Unsponsored ADR will post 10.36 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on SHEL. Zacks Research cut Shell from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Piper Sandler lifted their price target on shares of Shell from $88.00 to $89.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. HSBC raised Shell from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. TD Cowen reissued a “buy” rating on shares of Shell in a research note on Thursday, July 2nd. Finally, Wells Fargo & Company raised their price target on Shell from $100.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat, Shell presently has a consensus rating of “Hold” and an average target price of $106.77.

Key Shell News

Here are the key news stories impacting Shell this week:

• Positive Sentiment: Shell’s unit signed engineering, procurement and construction (EPC) and operations-and-maintenance contracts for the 30-MW/60-MWh Bataan battery project. The agreements advance the project toward construction and long-term operation, supporting Shell’s power and energy-transition businesses, although the immediate earnings impact is likely limited. Shell’s Unit Signs EPC and O&M Contracts for Bataan Battery Project
• Positive Sentiment: Shell is partnering with McDonald’s to use the restaurant chain’s loyalty base to drive more fuel-station visits and rewards sign-ups. Increased customer traffic and loyalty engagement could support fuel volumes and convenience-store sales. Shell taps McDonald’s loyalty base to drive fuel trips, rewards sign-ups
• Neutral Sentiment: A Seeking Alpha analysis says Shell appears inexpensive, but argues the valuation is not compelling enough to warrant a buy recommendation and maintains a “hold” view. The assessment may limit bullish sentiment despite Shell’s low earnings multiple and recent strong financial performance. Shell Looks Cheap, But Not Compelling Enough To Buy

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.