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Van ECK boosts Shell ADR stake as quarterly EPS tops estimates

Shell logoShell
Sig1.83Sen+2.18Env0.00Soc0.00Gov0.00

Van ECK Associates increased its Shell PLC Unsponsored ADR holdings by 44.3%, and several other investors also raised positions. Colonial Trust Advisors and Horizon Investments reported higher share totals after buying additional shares. Shell posted quarterly EPS of $3.52, topping analysts’ $3.23 estimate. Jefferies lifted its target to $122.40, Wells Fargo raised its target to $105, and the consensus price target was $106.77 with a Hold rating.

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