Tidal Investments LLC Sells 1,096,614 Shares of Shell PLC Unsponsored ADR $SHEL

Tidal Investments LLC lessened its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL) by 71.1% during the second quarter, Holdings Channel reports. The fund owned 445,750 shares of the energy company’s stock after selling 1,096,614 shares during the period. Tidal Investments LLC’s holdings in Shell were worth $34,563,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Continuum Advisory LLC acquired a new position in shares of Shell in the second quarter valued at $34,000. Zions Bancorporation National Association UT boosted its holdings in shares of Shell by 186.7% during the 4th quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company’s stock worth $35,000 after buying an additional 308 shares during the period. Nalls Sherbakoff Group LLC acquired a new position in Shell in the 4th quarter valued at about $36,000. Kilter Group LLC raised its holdings in Shell by 83.1% in the 2nd quarter. Kilter Group LLC now owns 498 shares of the energy company’s stock valued at $39,000 after acquiring an additional 226 shares during the period. Finally, Allied Private Wealth LLC acquired a new stake in Shell during the second quarter worth approximately $43,000. 28.60% of the stock is owned by institutional investors.

Shell Stock Performance

SHEL opened at $95.67 on Thursday. The firm has a market cap of $268.21 billion, a P/E ratio of 10.56, a price-to-earnings-growth ratio of 0.85 and a beta of 0.05. The business’s fifty day moving average is $88.71 and its 200-day moving average is $87.21. Shell PLC Unsponsored ADR has a 52-week low of $68.63 and a 52-week high of $96.27. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.43.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Friday, July 31st. The energy company reported $3.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.29. The firm had revenue of $94.66 billion for the quarter, compared to the consensus estimate of $86.22 billion. Shell had a net margin of 8.55% and a return on equity of 14.34%. Sell-side analysts expect that Shell PLC Unsponsored ADR will post 10.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SHEL has been the topic of several research reports. Mizuho assumed coverage on Shell in a research report on Monday, July 20th. They issued a “neutral” rating and a $98.00 target price on the stock. Wall Street Zen raised Shell from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Wells Fargo & Company lifted their target price on Shell from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Morgan Stanley set a $101.30 price target on shares of Shell and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Finally, Weiss Ratings raised shares of Shell from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Seven equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $107.46.

Shell Profile

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.