Shell PLC Unsponsored ADR (NYSE:SHEL) Sees Large Decrease in Short Interest

Shell PLC Unsponsored ADR (NYSE:SHEL) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 9,923,198 shares, a drop of 21.0% from the January 15th total of 12,565,927 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 5,744,234 shares, the short-interest ratio is presently 1.7 days. Based on an average daily volume of 5,744,234 shares, the short-interest ratio is presently 1.7 days. Currently, 0.3% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SHEL shares. Weiss Ratings downgraded Shell from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, February 2nd. Piper Sandler reduced their price target on shares of Shell from $93.00 to $89.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Wells Fargo & Company dropped their target price on shares of Shell from $78.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Friday, February 6th. Bank of America downgraded shares of Shell from a “buy” rating to a “neutral” rating in a research note on Friday, December 5th. Finally, Citigroup reissued a “neutral” rating on shares of Shell in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $81.33.

Shell Stock Down 1.1%

Shell stock traded down $0.87 during mid-day trading on Tuesday, reaching $77.90. 4,849,275 shares of the company were exchanged, compared to its average volume of 6,330,063. Shell has a 12-month low of $58.54 and a 12-month high of $80.25. The business has a fifty day moving average of $74.28 and a 200 day moving average of $73.60. The firm has a market cap of $221.52 billion, a P/E ratio of 12.98, a PEG ratio of 5.81 and a beta of 0.16. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 1.30.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, February 5th. The energy company reported $0.57 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 company had revenue of $64.09 billion during the quarter, compared to the consensus estimate of $65.82 billion. Research analysts anticipate that Shell will post 7.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Shell

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

About Shell

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.