Coppell Advisory Solutions LLC Has $1.98 Million Stock Position in Shell PLC Unsponsored ADR $SHEL

Key Points

• Coppell Advisory Solutions LLC reduced its holdings in Shell PLC Unsponsored ADR by 31.9% in the first quarter, leaving them with 27,078 shares valued at nearly $1.98 million.
• Several other institutional investors, including Goldman Sachs and Dimensional Fund Advisors, have increased their stakes in Shell, indicating continued interest from hedge funds and institutional investors.
• Shell recently declared a quarterly dividend of $0.716 per share, translating to an annualized dividend yield of 4.0%, with a payout ratio of 64.41%.

Coppell Advisory Solutions LLC lowered its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 31.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 27,078 shares of the energy company's stock after selling 12,689 shares during the period. Coppell Advisory Solutions LLC's holdings in Shell were worth $1,984,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of SHEL. GQG Partners LLC grew its holdings in Shell by 42,743.3% during the first quarter. GQG Partners LLC now owns 2,867,929 shares of the energy company's stock worth $210,162,000 after purchasing an additional 2,861,235 shares during the period. Nuveen LLC bought a new position in Shell during the first quarter worth about $180,366,000. Voloridge Investment Management LLC grew its holdings in Shell by 170.3% during the fourth quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock worth $216,980,000 after purchasing an additional 2,182,253 shares during the period. Raymond James Financial Inc. grew its holdings in Shell by 102.6% during the first quarter. Raymond James Financial Inc. now owns 2,965,812 shares of the energy company's stock worth $217,335,000 after purchasing an additional 1,501,866 shares during the period. Finally, Deutsche Bank AG grew its holdings 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 worth $89,190,000 after purchasing an additional 1,161,709 shares during the period. Institutional investors own 28.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Hsbc Global Res cut Shell from a "strong-buy" rating to a "hold" rating in a report on Monday, August 4th. 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 report on Thursday, June 26th. Melius Research assumed coverage on Shell in a report on Wednesday, August 20th. They set a "hold" rating and a $70.00 price objective for the company. HSBC restated a "hold" rating and set a $78.30 price objective (down previously from $78.90) on shares of Shell in a report on Monday, August 4th. Finally, Melius assumed coverage on Shell in a report on Wednesday, August 20th. They set a "hold" rating and a $70.00 price objective for the company. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Shell presently has an average rating of "Moderate Buy" and an average target price of $76.71.

Shell Price Performance

Shares of SHEL stock traded down $0.63 during trading on Friday, hitting $71.39. The company had a trading volume of 5,359,895 shares, compared to its average volume of 3,195,382. 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 firm has a market capitalization of $209.76 billion, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 1.89 and a beta of 0.46. The stock's 50-day moving average price is $72.10 and its 200 day moving average price is $69.21. Shell PLC Unsponsored ADR has a one year low of $58.54 and a one year high of $74.21.

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 (EPS) for the quarter, beating 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 during 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 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 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, August 15th. Shell's payout ratio is currently 64.41%.

Shell 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.