Ashton Thomas Private Wealth LLC Grows Stake in Shell PLC Unsponsored ADR $SHEL

Key Points

• Ashton Thomas Private Wealth LLC increased its stake in Shell PLC Unsponsored ADR by 27.1% in the first quarter, owning a total of 36,956 shares valued at approximately $2.7 million.
• Shell's quarterly earnings report indicated an EPS of $1.42, surpassing estimates, although its revenue of $66.44 billion fell short of expectations of $69.31 billion.
• The company declared a quarterly dividend of $0.716, with an annualized dividend yield of 4.0%, and a payout ratio of 64.41%.

Ashton Thomas Private Wealth LLC boosted its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 27.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,956 shares of the energy company's stock after acquiring an additional 7,875 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Shell were worth $2,708,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Permanens Capital L.P. raised its stake in shares of Shell by 48.5% during the 1st quarter. Permanens Capital L.P. now owns 17,940 shares of the energy company's stock worth $1,315,000 after buying an additional 5,859 shares in the last quarter. Plancorp LLC purchased a new position in shares of Shell during the 1st quarter worth approximately $550,000. New England Asset Management Inc. raised its stake in shares of Shell by 0.7% during the 1st quarter. New England Asset Management Inc. now owns 86,040 shares of the energy company's stock worth $6,305,000 after buying an additional 625 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Shell by 24.9% during the 1st quarter. NewEdge Advisors LLC now owns 104,983 shares of the energy company's stock worth $7,693,000 after buying an additional 20,896 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Shell by 1.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 141,748 shares of the energy company's stock valued at $10,387,000 after purchasing an additional 2,184 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SHEL shares. Hsbc Global Res downgraded Shell from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 4th. Wells Fargo & Company dropped their price objective on Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a research note on Thursday, June 26th. Santander downgraded Shell to a "neutral" rating in a research note on Friday, July 11th. HSBC reissued a "hold" rating and set a $78.30 price target (down previously from $78.90) on shares of Shell in a research report on Monday, August 4th. Finally, Melius Research started coverage on Shell in a research report on Wednesday, August 20th. They set a "hold" rating and a $70.00 price target for the company. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $76.71.

Shell Trading Down 0.9%

Shares of SHEL stock traded down $0.63 during mid-day trading on Friday, hitting $71.39. 5,359,895 shares of the company's stock were exchanged, compared to its average volume of 4,581,673. 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 50-day simple moving average of $72.10 and a two-hundred day simple moving average of $69.18. The company has a quick ratio of 1.07, a current ratio of 1.32 and a debt-to-equity ratio of 0.36. The stock has a market cap of $209.76 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 1.91 and a beta of 0.46.

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

Shell Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 4.0%. Shell's dividend payout ratio (DPR) is presently 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.