Adage Capital Partners GP L.L.C. Has $63.39 Million Holdings in Shell PLC Unsponsored ADR $SHEL

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in Shell PLC Unsponsored ADR by 8.1%, owning 865,000 shares valued at approximately $63.39 million as of its latest SEC filing.
• Shell reported a quarterly earnings per share (EPS) of $1.42, surpassing analyst estimates of $1.13, while generating revenue of $66.44 billion compared to an expected $69.31 billion.
• The company declared a quarterly dividend of $0.716 per share, indicating an annualized dividend yield of 3.9%, with a payout ratio of 64.41%.

Adage Capital Partners GP L.L.C. lifted its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 8.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 865,000 shares of the energy company's stock after buying an additional 65,000 shares during the period. Adage Capital Partners GP L.L.C.'s holdings in Shell were worth $63,387,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of Shell by 51.7% in the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock valued at $468,000 after acquiring an additional 2,545 shares during the period. Barclays PLC grew its holdings in Shell by 136.2% during the 4th quarter. Barclays PLC now owns 7,824 shares of the energy company's stock worth $490,000 after acquiring an additional 4,512 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Shell by 26.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 252,397 shares of the energy company's stock worth $18,496,000 after acquiring an additional 52,541 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Shell by 4.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 19,323 shares of the energy company's stock worth $1,401,000 after acquiring an additional 815 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Shell by 2.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 908,572 shares of the energy company's stock worth $66,580,000 after acquiring an additional 23,680 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Price Performance

Shares of NYSE:SHEL traded down $0.69 during trading on Friday, reaching $71.62. The company had a trading volume of 4,091,984 shares, compared to its average volume of 2,857,873. The firm's fifty day moving average is $72.04 and its 200 day moving average is $69.06. The firm has a market capitalization of $210.43 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 1.88 and a beta of 0.46. Shell PLC Unsponsored ADR has a twelve month low of $58.54 and a twelve month high of $74.21. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.32.

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

Shell Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Melius assumed coverage on shares of Shell in a report on Wednesday, August 20th. They issued a "hold" rating and a $70.00 price target for the company. Piper Sandler decreased their price target on shares of Shell from $84.00 to $82.00 and set an "overweight" rating for the company in a report on Monday, August 18th. Melius Research assumed coverage on shares of Shell in a report on Wednesday, August 20th. They issued a "hold" rating and a $70.00 price target for the company. HSBC reaffirmed a "hold" rating and issued a $78.30 price target (down from $78.90) on shares of Shell in a report on Monday, August 4th. Finally, Sanford C. Bernstein lowered shares of Shell from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, Shell presently has a consensus rating of "Moderate Buy" and an average target price of $76.71.

Shell Company Profile

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.