HighTower Advisors LLC Lowers Holdings in Shell PLC Unsponsored ADR $SHEL

HighTower Advisors LLC cut its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHELFree Report) by 3.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 293,932 shares of the energy company’s stock after selling 10,890 shares during the quarter. HighTower Advisors LLC’s holdings in Shell were worth $22,791,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Colonial Trust Advisors raised its holdings in Shell by 9.5% in the fourth quarter. Colonial Trust Advisors now owns 1,488 shares of the energy company’s stock worth $109,000 after buying an additional 129 shares during the last quarter. PFG Private Wealth Management LLC lifted its position in Shell by 3.8% in the 2nd quarter. PFG Private Wealth Management LLC now owns 3,578 shares of the energy company’s stock valued at $277,000 after acquiring an additional 130 shares in the last quarter. Financial Management Professionals Inc. boosted its stake in Shell by 2.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 4,800 shares of the energy company’s stock valued at $372,000 after purchasing an additional 137 shares during the last quarter. Plan A Wealth LLC lifted its holdings in shares of Shell by 1.7% during the second quarter. Plan A Wealth LLC now owns 8,619 shares of the energy company’s stock valued at $668,000 after purchasing an additional 140 shares in the last quarter. Finally, Cornerstone Planning Group LLC boosted its position in shares of Shell by 14.1% during the first quarter. Cornerstone Planning Group LLC now owns 1,215 shares of the energy company’s stock valued at $109,000 after buying an additional 150 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Shell Trading Up 2.6%

SHEL opened at $95.34 on Wednesday. Shell PLC Unsponsored ADR has a 12 month low of $68.63 and a 12 month high of $95.81. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average of $88.33 and a 200 day moving average of $87.10. The firm has a market cap of $267.30 billion, a P/E ratio of 10.52, a P/E/G ratio of 0.85 and a beta of 0.05.

Shell (NYSE:SHELGet Free Report) last announced its earnings results on Friday, July 31st. The energy company reported $3.52 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.29. The firm had revenue of $94.66 billion during the quarter, compared to analysts’ expectations of $86.22 billion. Shell had a return on equity of 14.34% and a net margin of 8.55%. As a group, research analysts forecast that Shell PLC Unsponsored ADR will post 10.53 EPS for the current year.

Analysts Set New Price Targets

SHEL has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of Shell from $100.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Weiss Ratings raised shares of Shell from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. TD Cowen restated a “buy” rating on shares of Shell in a research report on Thursday, July 2nd. HSBC raised Shell from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Finally, Morgan Stanley set a $101.30 target price on shares of Shell and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Seven analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $107.46.

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Shell Company Profile

(Free Report)

Shell plc is a global energy company headquartered in London, United Kingdom. Its operations span the exploration, production, processing, trading and marketing of energy resources, including crude oil, natural gas and liquefied natural gas (LNG).

The company also operates refineries, petrochemical and chemical businesses, fuel stations and other energy-marketing activities. Through its Energy Solutions operations, Shell provides renewable power, electric-vehicle charging, energy-efficiency services and lower-carbon fuels, while continuing to develop technologies and projects intended to reduce emissions from energy production and use.

Shell traces its history to the Royal Dutch Petroleum Company and the Shell Transport and Trading Company, which combined their operations in 1907.

See Also

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Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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