Shell PLC Unsponsored ADR $SHEL Shares Purchased by Curi RMB Capital LLC

Key Points

• Curi RMB Capital LLC significantly increased its stake in Shell PLC Unsponsored ADR by 1,837.4%, now owning 138,949 shares worth approximately $10.2 million.
• Analysts have mixed ratings for Shell, with a consensus of 10 Buy and 7 Hold ratings, and a target price averaging $76.71.
• Shell recently declared a quarterly dividend of $0.716, yielding about 4.0%, to be paid on September 22nd to investors of record as of August 15th.

Curi RMB Capital LLC lifted its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 1,837.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,949 shares of the energy company's stock after acquiring an additional 131,777 shares during the period. Curi RMB Capital LLC's holdings in Shell were worth $10,182,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Kennebec Savings Bank acquired a new stake in shares of Shell in the first quarter worth $25,000. Avalon Trust Co purchased a new position in shares of Shell in the first quarter valued at $25,000. Brown Lisle Cummings Inc. boosted its stake in shares of Shell by 103.4% in the first quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock valued at $26,000 after purchasing an additional 181 shares during the period. Truvestments Capital LLC boosted its stake in shares of Shell by 102.9% in the first quarter. Truvestments Capital LLC now owns 420 shares of the energy company's stock valued at $31,000 after purchasing an additional 213 shares during the period. Finally, Cheviot Value Management LLC purchased a new position in shares of Shell in the first quarter valued at $37,000. Institutional investors and hedge funds own 28.60% of the company's stock.

Shell Stock Performance

Shares of Shell stock traded up $0.17 during trading hours on Monday, reaching $71.77. The company's stock had a trading volume of 3,097,557 shares, compared to its average volume of 2,870,488. The company's 50 day simple moving average is $72.06 and its 200 day simple moving average is $69.10. 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 one year low of $58.54 and a one year high of $74.21. The stock has a market cap of $210.86 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 1.88 and a beta of 0.46.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $69.31 billion. As a group, 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. Investors of record on Friday, August 15th will be issued a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, August 15th. Shell's dividend payout ratio (DPR) is 64.41%.

Analyst Upgrades and Downgrades

SHEL has been the subject of several analyst reports. Melius initiated coverage on shares of Shell in a research note on Wednesday, August 20th. They issued a "hold" rating and a $70.00 target price for the company. Wells Fargo & Company decreased their target price on shares of Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a research note on Thursday, June 26th. Hsbc Global Res downgraded shares of Shell from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 4th. Scotiabank reiterated an "outperform" rating on shares of Shell in a research note on Friday, July 11th. Finally, HSBC reiterated a "hold" rating and set a $78.30 price objective (down from $78.90) on shares of Shell in a research note on Monday, August 4th. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $76.71.

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.