Short Interest in Shell PLC Unsponsored ADR (NYSE:SHEL) Decreases By 12.5%

Shell PLC Unsponsored ADR (NYSE:SHELGet Free Report) saw a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 8,754,533 shares, a decrease of 12.5% from the February 12th total of 10,000,839 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 5,569,344 shares, the short-interest ratio is presently 1.6 days. Based on an average daily volume of 5,569,344 shares, the short-interest ratio is presently 1.6 days. Approximately 0.3% of the company’s shares are short sold.

Analyst Ratings Changes

A number of research analysts recently weighed in on SHEL shares. Piper Sandler lifted their price objective on shares of Shell from $89.00 to $106.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Wells Fargo & Company decreased their price target on shares of Shell from $78.00 to $77.00 and set an “equal weight” rating for the company in a research report on Friday, February 6th. UBS Group lowered Shell from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 25th. Wall Street Zen upgraded Shell from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Bank of America cut Shell from a “buy” rating to a “neutral” rating in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $83.76.

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Shell Trading Up 1.2%

NYSE SHEL opened at $90.55 on Tuesday. Shell has a 52 week low of $58.54 and a 52 week high of $91.09. The firm has a 50 day moving average of $78.42 and a two-hundred day moving average of $75.11. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $256.41 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 6.19 and a beta of 0.14.

Shell (NYSE:SHELGet Free Report) last released its quarterly earnings data on Thursday, February 5th. The energy company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.64). Shell had a return on equity of 10.34% and a net margin of 6.52%.The firm had revenue of $64.09 billion for the quarter, compared to analysts’ expectations of $65.82 billion. As a group, research analysts expect that Shell will post 7.67 EPS for the current fiscal year.

Trending Headlines about Shell

Here are the key news stories impacting Shell this week:

Institutional Trading of Shell

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its position in Shell by 187.5% during the 4th quarter. SG Americas Securities LLC now owns 316,216 shares of the energy company’s stock worth $23,236,000 after acquiring an additional 677,746 shares during the period. Natixis Advisors LLC raised its stake in shares of Shell by 13.2% during the third quarter. Natixis Advisors LLC now owns 1,445,346 shares of the energy company’s stock worth $103,386,000 after purchasing an additional 167,983 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Shell by 30.4% during the fourth quarter. Captrust Financial Advisors now owns 180,630 shares of the energy company’s stock worth $13,273,000 after purchasing an additional 42,129 shares during the period. Farther Finance Advisors LLC increased its stake in Shell by 119.7% in the 4th quarter. Farther Finance Advisors LLC now owns 42,664 shares of the energy company’s stock valued at $3,135,000 after buying an additional 23,243 shares during the period. Finally, Beese Fulmer Investment Management Inc. raised its position in Shell by 111.5% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 42,090 shares of the energy company’s stock worth $3,093,000 after buying an additional 22,187 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

About Shell

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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.

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