Crestwood Advisors Group LLC Sells 6,910 Shares of Shell PLC Unsponsored ADR $SHEL

Crestwood Advisors Group LLC decreased its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL) by 51.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,431 shares of the energy company’s stock after selling 6,910 shares during the period. Crestwood Advisors Group LLC’s holdings in Shell were worth $460,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in SHEL. Spinnaker Trust bought a new stake in Shell during the third quarter valued at about $203,000. Prime Capital Investment Advisors LLC raised its stake in shares of Shell by 21.9% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 22,066 shares of the energy company’s stock worth $1,578,000 after acquiring an additional 3,968 shares in the last quarter. Financial & Tax Architects LLC acquired a new stake in Shell in the third quarter valued at approximately $237,000. HighPoint Advisor Group LLC grew its holdings in Shell by 3.5% in the third quarter. HighPoint Advisor Group LLC now owns 25,228 shares of the energy company’s stock worth $1,805,000 after purchasing an additional 855 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Shell during the third quarter worth $692,000. 28.60% of the stock is owned by institutional investors.

Shell Trading Up 0.7%

SHEL stock opened at $80.45 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 0.38. Shell PLC Unsponsored ADR has a 52-week low of $58.54 and a 52-week high of $80.53. The company’s 50-day simple moving average is $74.57 and its 200-day simple moving average is $73.69. The firm has a market cap of $228.76 billion, a P/E ratio of 13.41, a PEG ratio of 5.89 and a beta of 0.16.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, February 5th. The energy company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.64). The business had revenue of $64.09 billion for the quarter, compared to analyst estimates of $65.82 billion. Shell had a return on equity of 10.34% and a net margin of 6.52%. As a group, equities analysts forecast that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Bank of America downgraded Shell from a “buy” rating to a “neutral” rating in a research note on Friday, December 5th. UBS Group lowered shares of Shell from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 25th. TD Cowen restated a “buy” rating on shares of Shell in a research note on Friday, October 31st. Wells Fargo & Company lowered their price objective on shares of Shell from $78.00 to $77.00 and set an “equal weight” rating for the company in a research note on Friday, February 6th. Finally, Citigroup restated a “neutral” rating on shares of Shell in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $81.33.

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.