Aprio Wealth Management LLC Buys 3,768 Shares of Shell PLC Unsponsored ADR $SHEL

Key Points

• Aprio Wealth Management LLC boosted its holdings in Shell PLC Unsponsored ADR by 65.3%, now owning 9,542 shares worth $699,000.
• Shell's recent quarterly earnings report showed an EPS of $1.42, surpassing analysts' expectations of $1.13.
• Shell announced a quarterly dividend of $0.716, yielding 3.9%, with an ex-dividend date set for August 15th.

Aprio Wealth Management LLC increased its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 65.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,542 shares of the energy company's stock after acquiring an additional 3,768 shares during the period. Aprio Wealth Management LLC's holdings in Shell were worth $699,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. GQG Partners LLC increased its position in shares of Shell by 42,743.3% in the first quarter. GQG Partners LLC now owns 2,867,929 shares of the energy company's stock valued at $210,162,000 after acquiring an additional 2,861,235 shares during the last quarter. Nuveen LLC bought a new position in shares of Shell during the 1st quarter worth approximately $180,366,000. Voloridge Investment Management LLC raised its holdings in Shell by 170.3% during the 4th quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock valued at $216,980,000 after acquiring an additional 2,182,253 shares during the period. Raymond James Financial Inc. grew its position in Shell by 102.6% in the first quarter. Raymond James Financial Inc. now owns 2,965,812 shares of the energy company's stock worth $217,335,000 after acquiring an additional 1,501,866 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in Shell by 2,096.7% during the first quarter. Deutsche Bank AG now owns 1,217,115 shares of the energy company's stock valued at $89,190,000 after buying an additional 1,161,709 shares during the period. 28.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Melius began coverage on shares of Shell in a research note on Wednesday, August 20th. They set a "hold" rating and a $70.00 target price for the company. Hsbc Global Res lowered shares of Shell from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 4th. Wells Fargo & Company decreased their price target on shares of Shell from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Thursday, June 26th. Santander cut shares of Shell to a "neutral" rating in a report on Friday, July 11th. Finally, Sanford C. Bernstein cut shares of Shell from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $76.71.

Shell Stock Up 0.2%

Shares of NYSE SHEL traded up $0.17 during trading hours on Monday, hitting $71.77. The stock had a trading volume of 3,094,522 shares, compared to its average volume of 4,568,115. The firm's 50-day moving average price is $72.04 and its two-hundred day moving average price is $69.07. Shell PLC Unsponsored ADR has a 52 week low of $58.54 and a 52 week 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. The company has a market capitalization of $210.86 billion, a P/E ratio of 16.16, a P/E/G ratio of 1.88 and a beta of 0.46.

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

Shell Dividend Announcement

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

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.