Clark Capital Management Group Inc. Decreases Stock Position in Shell PLC Unsponsored ADR $SHEL

Key Points

• Clark Capital Management Group Inc. significantly reduced its stake in Shell PLC, decreasing holdings by 99.3% and retaining only 3,766 shares valued at $276,000.
• Research analysts have mixed opinions on Shell, with ten rating it a Buy and seven giving it a Hold, while the average price target stands at $76.71.
• Shell recently declared a quarterly dividend of $0.716, representing an annualized dividend of $2.86 and a yield of 4.0%.

Clark Capital Management Group Inc. trimmed its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 99.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,766 shares of the energy company's stock after selling 552,473 shares during the period. Clark Capital Management Group Inc.'s holdings in Shell were worth $276,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Piper Sandler lowered their target price on Shell from $84.00 to $82.00 and set an "overweight" rating on the stock in a report on Monday, August 18th. Melius started coverage on shares of Shell in a research note on Wednesday, August 20th. They set a "hold" rating and a $70.00 price target on the stock. Wells Fargo & Company reduced 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. Sanford C. Bernstein cut Shell from an "outperform" rating to a "market perform" rating in a research report on Monday, June 16th. Finally, Santander cut shares of Shell to a "neutral" rating in a research report on Friday, July 11th. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Shell currently has an average rating of "Moderate Buy" and a consensus price target of $76.71.

Shell Price Performance

Shares of SHEL stock opened at $71.62 on Friday. The stock has a 50 day moving average price of $72.04 and a 200 day moving average price of $69.06. The firm has a market capitalization of $210.43 billion, a P/E ratio of 16.13, a P/E/G ratio of 1.88 and a beta of 0.46. 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 PLC Unsponsored ADR has a 52-week low of $58.54 and a 52-week high of $74.21.

Shell (NYSE:SHEL - Get Free Report) last released its 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. The business had revenue of $66.44 billion for 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%. As a group, sell-side analysts predict that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current 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 dividend on an annualized basis and a dividend yield of 4.0%. Shell's payout ratio is presently 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.

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