Wellington Management Group LLP trimmed its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL – Free Report) by 9.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,732,160 shares of the energy company’s stock after selling 631,195 shares during the period. Wellington Management Group LLP’s holdings in Shell were worth $444,472,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Kingsview Wealth Management LLC lifted its position in Shell by 17.7% during the second quarter. Kingsview Wealth Management LLC now owns 26,675 shares of the energy company’s stock valued at $2,068,000 after acquiring an additional 4,007 shares during the last quarter. 49 Wealth Management LLC purchased a new position in Shell in the second quarter worth $211,000. Strait & Sound Wealth Management LLC increased its position in shares of Shell by 4.2% during the second quarter. Strait & Sound Wealth Management LLC now owns 12,992 shares of the energy company’s stock worth $1,007,000 after purchasing an additional 524 shares in the last quarter. Glenview Trust Co lifted its holdings in shares of Shell by 2.9% during the 2nd quarter. Glenview Trust Co now owns 16,661 shares of the energy company’s stock valued at $1,292,000 after purchasing an additional 467 shares during the last quarter. Finally, North Star Asset Management Inc. boosted its position in shares of Shell by 7.9% in the 2nd quarter. North Star Asset Management Inc. now owns 3,787 shares of the energy company’s stock worth $294,000 after purchasing an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.
Shell Stock Performance
Shares of SHEL opened at $90.91 on Friday. 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 stock has a 50-day moving average of $86.20 and a two-hundred day moving average of $86.34. The stock has a market cap of $254.87 billion, a P/E ratio of 10.03, a P/E/G ratio of 0.60 and a beta of 0.05. Shell PLC Unsponsored ADR has a one year low of $68.63 and a one year high of $94.90.
Wall Street Analysts Forecast Growth
SHEL has been the topic of several recent analyst reports. Erste Group Bank raised Shell from a “hold” rating to a “buy” rating in a research report on Thursday. Mizuho started coverage on Shell in a research note on Monday, July 20th. They set a “neutral” rating and a $98.00 price target on the stock. Wall Street Zen upgraded shares of Shell from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Weiss Ratings upgraded shares of Shell from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Finally, Wells Fargo & Company boosted their target price on shares of Shell from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Six research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $106.77.
Read Our Latest Report on Shell
Shell 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.
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