Wedge Capital Management L L P NC Cuts Stock Holdings in Shell PLC Unsponsored ADR $SHEL

Wedge Capital Management L L P NC lessened its stake in Shell PLC Unsponsored ADR (NYSE:SHEL) by 15.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 149,551 shares of the energy company’s stock after selling 28,286 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Shell were worth $10,989,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Argent Advisors Inc. boosted its holdings in Shell by 3.3% in the third quarter. Argent Advisors Inc. now owns 4,717 shares of the energy company’s stock valued at $337,000 after acquiring an additional 150 shares during the last quarter. First PREMIER Bank raised its holdings in shares of Shell by 6.1% in the 3rd quarter. First PREMIER Bank now owns 2,653 shares of the energy company’s stock worth $190,000 after purchasing an additional 153 shares during the period. Seven Mile Advisory lifted its stake in shares of Shell by 3.3% in the 2nd quarter. Seven Mile Advisory now owns 5,572 shares of the energy company’s stock valued at $392,000 after purchasing an additional 176 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of Shell by 6.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 3,165 shares of the energy company’s stock worth $226,000 after purchasing an additional 182 shares during the period. Finally, ST Germain D J Co. Inc. increased its position in Shell by 4.7% during the 3rd quarter. ST Germain D J Co. Inc. now owns 4,744 shares of the energy company’s stock worth $339,000 after purchasing an additional 211 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Trading Down 0.0%

SHEL opened at $92.12 on Friday. The firm has a market capitalization of $260.87 billion, a P/E ratio of 15.35, a P/E/G ratio of 1.80 and a beta of 0.14. The firm’s 50 day moving average is $81.86 and its 200-day moving average is $76.28. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 0.38. Shell PLC Unsponsored ADR has a 52-week low of $58.54 and a 52-week high of $92.95.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, February 5th. The energy company reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.07). Shell had a net margin of 6.52% and a return on equity of 10.34%. The firm had revenue of $64.09 billion for the quarter, compared to analyst estimates of $65.82 billion. Analysts expect that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SHEL has been the topic of a number of recent research reports. Wall Street Zen cut shares of Shell from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Piper Sandler raised their target price on shares of Shell from $89.00 to $106.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. Morgan Stanley lowered shares of Shell from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 24th. Royal Bank Of Canada downgraded Shell from an “outperform” rating to a “sector perform” rating in a report on Monday, January 26th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Shell in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $84.05.

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.