Northwestern Mutual Wealth Management Co. Has $25.73 Million Stake in Shell PLC Unsponsored ADR $SHEL

Northwestern Mutual Wealth Management Co. lowered its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 331,800 shares of the energy company’s stock after selling 14,102 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Shell were worth $25,728,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in shares of Shell by 1.9% during 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 period. Jones Financial Companies Lllp raised its position in Shell by 5.2% in the second 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 in the last quarter. Van ECK Associates Corp lifted its stake in Shell by 44.3% during 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 period. Cibc World Market Inc. boosted its holdings 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 purchasing an additional 233,634 shares in the last quarter. Finally, Cullen Capital Management LLC grew its stake in shares of Shell by 50.0% in the 2nd quarter. Cullen Capital Management LLC now owns 448,464 shares of the energy company’s stock valued at $34,774,000 after purchasing an additional 149,430 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Price Performance

Shell stock opened at $93.64 on Wednesday. The business’s fifty day moving average is $86.72 and its two-hundred day moving average is $86.59. 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 firm has a market cap of $262.52 billion, a P/E ratio of 10.34, a P/E/G ratio of 0.60 and a beta of 0.05. Shell PLC Unsponsored ADR has a 52 week low of $68.63 and a 52 week high of $94.90.

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

Analyst Ratings Changes

Several equities analysts recently commented on SHEL shares. Zacks Research downgraded Shell from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Wall Street Zen upgraded Shell from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Erste Group Bank upgraded shares of Shell from a “hold” rating to a “buy” rating in a research note on Thursday, August 27th. Wells Fargo & Company upped their target price on shares of Shell from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Finally, Jefferies Financial Group lifted their price target on shares of Shell to $122.40 and gave the company a “buy” rating in a report on Thursday, May 21st. Six equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently 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.