GTS Securities LLC Increases Holdings in Shell PLC Unsponsored ADR $SHEL

GTS Securities LLC boosted its position in Shell PLC Unsponsored ADR (NYSE:SHEL) by 17.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 108,250 shares of the energy company’s stock after purchasing an additional 15,890 shares during the period. GTS Securities LLC’s holdings in Shell were worth $8,394,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SHEL. Bank of America Corp DE lifted its holdings in shares of Shell by 1.9% in the 2nd quarter. Bank of America Corp DE now owns 7,709,715 shares of the energy company’s stock worth $597,811,000 after acquiring an additional 146,988 shares during the last quarter. Jones Financial Companies Lllp raised its position in Shell by 5.2% in the 2nd quarter. Jones Financial Companies Lllp now owns 776,654 shares of the energy company’s stock worth $59,445,000 after purchasing an additional 38,212 shares during the period. Van ECK Associates Corp lifted its stake in Shell by 44.3% in the second quarter. Van ECK Associates Corp now owns 643,152 shares of the energy company’s stock worth $49,870,000 after purchasing an additional 197,551 shares during the last quarter. Cibc World Market Inc. boosted its position in Shell by 66.3% during the second quarter. Cibc World Market Inc. now owns 586,039 shares of the energy company’s stock valued at $45,441,000 after buying an additional 233,634 shares during the period. Finally, Cullen Capital Management LLC increased its holdings in shares of Shell by 50.0% in the second quarter. Cullen Capital Management LLC now owns 448,464 shares of the energy company’s stock worth $34,774,000 after buying an additional 149,430 shares during the period. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Stock Up 0.2%

Shares of NYSE SHEL opened at $90.91 on Friday. The firm has a fifty day simple moving average of $86.20 and a two-hundred day simple moving average of $86.34. Shell PLC Unsponsored ADR has a 12 month low of $68.63 and a 12 month high of $94.90. 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 firm has a market capitalization of $254.87 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 0.60 and a beta of 0.05.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.29. Shell had a net margin of 8.55% and a return on equity of 14.34%. The company had revenue of $94.66 billion for the quarter, compared to analysts’ expectations of $86.22 billion. Equities analysts expect that Shell PLC Unsponsored ADR will post 10.38 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SHEL shares. HSBC upgraded Shell from a “hold” rating to a “buy” rating in a report on Monday, May 18th. TD Cowen reiterated a “buy” rating on shares of Shell in a research report on Thursday, July 2nd. Erste Group Bank upgraded shares of Shell from a “hold” rating to a “buy” rating in a report on Thursday. Jefferies Financial Group upped their price objective on shares of Shell to $122.40 and gave the company a “buy” rating in a research note on Thursday, May 21st. Finally, Zacks Research cut Shell from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Six investment 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, the stock has an average rating of “Hold” and a consensus target price of $106.77.

Shell Company 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.