Van ECK boosts Shell ADR stake as quarterly EPS tops estimates
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.