Shell PLC Unsponsored ADR $SHEL Stock Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC trimmed its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 212,329 shares of the energy company’s stock after selling 8,567 shares during the period. Douglas Lane & Associates LLC’s holdings in Shell were worth $20,182,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Hummer Financial Advisory Services Inc purchased a new position in shares of Shell during the 3rd quarter valued at approximately $244,000. LifeGoal Investments LLC acquired a new position in Shell during the 3rd quarter worth $294,000. GAMMA Investing LLC lifted its position in shares of Shell by 11.5% during the third quarter. GAMMA Investing LLC now owns 16,067 shares of the energy company’s stock worth $1,527,000 after purchasing an additional 1,655 shares during the last quarter. CoreCap Advisors LLC increased its holdings in shares of Shell by 37.3% in the 3rd quarter. CoreCap Advisors LLC now owns 1,617 shares of the energy company’s stock valued at $154,000 after acquiring an additional 439 shares during the last quarter. Finally, YHB Investment Advisors Inc. increased its stake in Shell by 0.3% during the third quarter. YHB Investment Advisors Inc. now owns 58,826 shares of the energy company’s stock valued at $5,591,000 after purchasing an additional 162 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Price Performance

Shares of NYSE SHEL traded up $0.18 during mid-day trading on Friday, reaching $100.38. 5,222,301 shares of the company were exchanged, 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 company’s 50 day moving average price is $93.53 and its 200 day moving average price is $88.76. Shell PLC Unsponsored ADR has a 52 week low of $68.63 and a 52 week high of $101.17. 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 (NYSE:SHEL) last issued its earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.29. The business had revenue of $94.66 billion during the quarter, compared to analyst estimates of $86.22 billion. Shell had a return on equity of 14.34% and a net margin of 8.55%. Sell-side analysts forecast that Shell PLC Unsponsored ADR will post 11.23 earnings per share for the current fiscal year.

Key Headlines Impacting 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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SHEL. Wells Fargo & Company lifted their target price on Shell from $100.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Wall Street Zen upgraded shares of Shell from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. HSBC reiterated a “buy” rating on shares of Shell in a research note on Friday, September 25th. Barclays reaffirmed an “overweight” rating on shares of Shell in a research report on Monday. Finally, Zacks Research raised shares of Shell from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $106.08.

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.