Focus Partners Advisor Solutions LLC Acquires New Stake in Shell PLC Unsponsored ADR $SHEL

Key Points

• Focus Partners Advisor Solutions LLC acquired 14,434 shares of Shell PLC Unsponsored ADR, valued at approximately $1,058,000, marking a significant investment in the energy company during the first quarter.
• Shell reported $1.42 earnings per share for the last quarter, exceeding analysts' expectations of $1.13, despite revenue falling short at $66.44 billion.
• The firm announced a quarterly dividend of $0.716 per share, set to be paid on September 22nd, which translates to an annual yield of 3.9%.

Focus Partners Advisor Solutions LLC acquired a new position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,434 shares of the energy company's stock, valued at approximately $1,058,000.

A number of other institutional investors also recently added to or reduced their stakes in SHEL. Kennebec Savings Bank bought a new position in shares of Shell in the 1st quarter valued at about $25,000. Avalon Trust Co bought a new stake in Shell during the first quarter worth about $25,000. Brown Lisle Cummings Inc. increased its holdings in Shell by 103.4% during the first quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock valued at $26,000 after buying an additional 181 shares during the last quarter. Truvestments Capital LLC boosted its position in shares of Shell by 102.9% during the first quarter. Truvestments Capital LLC now owns 420 shares of the energy company's stock worth $31,000 after acquiring an additional 213 shares during the last quarter. Finally, Cheviot Value Management LLC purchased a new position in shares of Shell during the first quarter worth approximately $37,000. 28.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Melius initiated coverage on shares of Shell in a report on Wednesday, August 20th. They set a "hold" rating and a $70.00 target price for the company. Melius Research assumed coverage on Shell in a research note on Wednesday, August 20th. They set a "hold" rating and a $70.00 price objective for the company. Scotiabank reaffirmed an "outperform" rating on shares of Shell in a research report on Friday, July 11th. Wells Fargo & Company cut their price objective on Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Thursday, June 26th. Finally, Piper Sandler cut their price objective on Shell from $84.00 to $82.00 and set an "overweight" rating for the company in a research report on Monday, August 18th. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Shell presently has an average rating of "Moderate Buy" and an average target price of $76.71.

Shell Trading Up 0.2%

Shares of SHEL stock traded up $0.16 during trading hours on Monday, hitting $71.76. The company had a trading volume of 2,526,614 shares, compared to its average volume of 4,564,193. Shell PLC Unsponsored ADR has a fifty-two week low of $58.54 and a fifty-two week high of $74.21. The stock has a market capitalization of $210.83 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 1.88 and a beta of 0.46. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.07. The company's fifty day moving average is $72.04 and its 200 day moving average is $69.07.

Shell (NYSE:SHEL - Get Free Report) last posted its earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.29. Shell had a return on equity of 10.67% and a net margin of 4.93%.The firm had revenue of $66.44 billion for the quarter, compared to analyst estimates of $69.31 billion. Research analysts expect that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, August 15th will be given a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, August 15th. Shell's payout ratio is 64.41%.

About Shell

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.