Shell PLC Unsponsored ADR $SHEL Shares Sold by HORAN Wealth LLC

HORAN Wealth LLC reduced its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL) by 48.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of SHEL. Colonial Trust Advisors increased its holdings in shares of Shell by 9.5% during the fourth quarter. Colonial Trust Advisors now owns 1,488 shares of the energy company’s stock valued at $109,000 after purchasing an additional 129 shares during the period. PFG Private Wealth Management LLC grew its position in Shell by 3.8% in the 2nd quarter. PFG Private Wealth Management LLC now owns 3,578 shares of the energy company’s stock valued at $277,000 after buying an additional 130 shares in the last quarter. Financial Management Professionals Inc. increased its stake in 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 buying an additional 137 shares during the period. Plan A Wealth LLC lifted its stake in shares of Shell by 1.7% in the 2nd quarter. Plan A Wealth LLC now owns 8,619 shares of the energy company’s stock worth $668,000 after acquiring an additional 140 shares during the period. Finally, Cornerstone Planning Group LLC boosted 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 valued at $109,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SHEL shares. Weiss Ratings upgraded Shell from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Erste Group Bank raised Shell from a “hold” rating to a “buy” rating in a research note on Thursday, August 27th. Wall Street Zen raised Shell from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. TD Cowen reiterated a “buy” rating on shares of Shell in a research report on Thursday, July 2nd. Finally, Mizuho started coverage on shares of Shell in a research report on Monday, July 20th. They set a “neutral” rating and a $98.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $107.46.

Shell Trading Up 0.0%

Shares of NYSE SHEL opened at $92.98 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. Shell PLC Unsponsored ADR has a 12 month low of $68.63 and a 12 month high of $94.90. The company has a market cap of $260.67 billion, a price-to-earnings ratio of 10.26, a P/E/G ratio of 0.85 and a beta of 0.05. The business has a fifty day simple moving average of $87.65 and a 200-day simple moving average of $86.89.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.29. Shell had a return on equity of 14.34% and a net margin of 8.55%.The firm had revenue of $94.66 billion for the quarter, compared to analysts’ expectations of $86.22 billion. Sell-side analysts predict that Shell PLC Unsponsored ADR will post 10.53 EPS 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.