Eagle Capital Management Reduces $212M in Shell plc ($SHEL)

Eagle Capital Management cut its SHEL holdings by nearly 32%, selling over 2.46 million shares.

Written by Trueearnings · Published Jun 12, 2026, 9:28 PM EDT

Key Points

Eagle Capital Management trimmed its SHEL position by 2,468,889 shares, reducing its stake by 31.7% to 5,308,706 shares as of the latest 13F filing.
Shares of SHEL traded at $85.85, with a market cap reflecting the company's substantial presence in its sector.
Analysts like Jefferies and Scotiabank maintain a 'buy' rating for SHEL, setting price targets above $120.

Eagle Capital Management recently decided to cut its holdings in SHEL, reducing its position by 2,468,889 shares. This move, reflected in the latest Form 13F filing with the SEC, leaves the fund with 5,308,706 shares valued at approximately $455.75 million. The reduction marks a 31.7% decrease in their stake in SHEL.

What Changed in Eagle Capital Management's SHEL Position

Eagle Capital Management significantly trimmed its investment in SHEL, reducing its holdings from 7,777,595 shares to 5,308,706 shares. This reduction of 2,468,889 shares represents a 31.7% decrease, as reported in the latest filing. The current value of their remaining position stands at about $455.75 million.

Other Institutional Activity in SHEL

Several other institutional investors also made changes to their SHEL positions. FMR LLC reduced its holdings by 793,442 shares, now holding 97,617,838 shares valued at approximately $9.08 billion. Fisher Asset Management, on the other hand, increased its stake by 331,925 shares, bringing its total to 27,474,710 shares worth about $2.56 billion. Dimensional Fund Advisors LP added 999,345 shares, reaching a total of 24,690,100 shares valued at $2.30 billion. Price T Rowe Associates increased its holdings by 2,037,099 shares to 10,568,968 shares, valued at $982.92 million. Meanwhile, Bank of America Corp trimmed its position by 268,217 shares, holding 7,562,727 shares worth about $703.33 million.

SHEL Stock Snapshot

Shares of SHEL are currently trading at $85.85. The stock has shown volatility within a 52-week range, but specific details on market cap, P/E ratio, or other metrics were not provided in the data.

Analysts Set New Price Targets

Analysts have maintained optimistic views on SHEL. On May 21, 2026, Jefferies maintained a 'buy' rating with a price target of $122.4. Similarly, Scotiabank maintained its 'buy' rating with a $122 target on April 22, 2026. TD Cowen also kept a 'buy' rating with a target of $110 on April 10, 2026. Wells Fargo, however, maintained a 'hold' rating, setting a price target of $94 on April 9, 2026.

About SHEL

SHEL operates within a dynamic sector, focusing on energy and related services. The company is involved in various aspects of the energy market, including exploration, production, and distribution. Headquartered in a strategic location, SHEL employs a substantial workforce to support its global operations.

Bottom Line

Eagle Capital Management's decision to cut its SHEL stake by nearly 32% is a notable move in the fund's portfolio strategy. While institutional investors' actions often attract attention, it's essential to remember that 13F filings are historical snapshots and may not reflect current positions. Investors and analysts continue to watch SHEL closely, with several maintaining positive ratings and setting high price targets.