Corient Private Wealth LP Cuts Stock Holdings in Shell PLC Unsponsored ADR $SHEL

Corient Private Wealth LP reduced its position in Shell PLC Unsponsored ADR (NYSE:SHEL) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 351,034 shares of the energy company’s stock after selling 5,895 shares during the period. Corient Private Wealth LP’s holdings in Shell were worth $27,219,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SHEL. Brighton Jones LLC boosted its position in Shell by 51.7% in the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock valued at $468,000 after buying an additional 2,545 shares during the last quarter. Diversify Advisory Services LLC bought a new position in shares of Shell during the second quarter worth about $854,000. Beese Fulmer Investment Management Inc. grew its stake in Shell by 111.5% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 42,090 shares of the energy company’s stock worth $3,093,000 after purchasing an additional 22,187 shares in the last quarter. Integrated Investment Consultants LLC lifted its stake in Shell by 489.8% during the fourth quarter. Integrated Investment Consultants LLC now owns 19,569 shares of the energy company’s stock worth $1,438,000 after purchasing an additional 16,251 shares during the last quarter. Finally, Foster & Motley Inc. acquired a new position in Shell in the second quarter valued at approximately $1,379,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Price Performance

Shares of SHEL opened at $90.77 on Friday. Shell PLC Unsponsored ADR has a one year low of $68.63 and a one year high of $94.90. The stock’s fifty day moving average is $85.95 and its 200-day moving average is $86.31. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.43. The firm has a market capitalization of $254.46 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 0.60 and a beta of 0.05.

Shell (NYSE:SHEL) last announced its 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 firm had revenue of $94.66 billion during the quarter, compared to analyst estimates of $86.22 billion. Equities analysts anticipate that Shell PLC Unsponsored ADR will post 10.36 EPS for the current year.

Analysts Set New Price Targets

SHEL has been the subject of a number of analyst reports. Weiss Ratings upgraded Shell from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Jefferies Financial Group boosted their price target on shares of Shell to $122.40 and gave the company a “buy” rating in a report on Thursday, May 21st. Mizuho started coverage on shares of Shell in a report on Monday, July 20th. They issued a “neutral” rating and a $98.00 price objective on the stock. Wall Street Zen raised shares of Shell from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, Piper Sandler upped their target price on shares of Shell from $88.00 to $89.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Six equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $106.77.

Shell Company 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.