EP Wealth Advisors LLC Increases Position in Shell PLC Unsponsored ADR $SHEL

Key Points

• EP Wealth Advisors LLC increased its holdings in Shell PLC Unsponsored ADR by 55.3%, owning 21,673 shares valued at approximately $1.59 million at the end of the reporting period.
• Shell reported a quarterly earnings per share (EPS) of $1.42, exceeding analysts' expectations of $1.13, with revenues of $66.44 billion.
• The company declared a quarterly dividend of $0.716 per share, yielding 4.0%, to be paid on September 22nd to investors on record by August 15th.

EP Wealth Advisors LLC grew its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 55.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,673 shares of the energy company's stock after purchasing an additional 7,717 shares during the quarter. EP Wealth Advisors LLC's holdings in Shell were worth $1,588,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Sax Wealth Advisors LLC raised its position in shares of Shell by 3.9% during the 1st quarter. Sax Wealth Advisors LLC now owns 4,367 shares of the energy company's stock valued at $320,000 after buying an additional 164 shares during the period. Warther Private Wealth LLC raised its position in shares of Shell by 5.0% during the 1st quarter. Warther Private Wealth LLC now owns 3,433 shares of the energy company's stock valued at $252,000 after buying an additional 165 shares during the period. Harbour Capital Advisors LLC raised its position in shares of Shell by 2.4% during the 1st quarter. Harbour Capital Advisors LLC now owns 7,235 shares of the energy company's stock valued at $505,000 after buying an additional 170 shares during the period. Golden State Equity Partners raised its position in shares of Shell by 5.1% during the 1st quarter. Golden State Equity Partners now owns 3,562 shares of the energy company's stock valued at $261,000 after buying an additional 173 shares during the period. Finally, Brown Lisle Cummings Inc. raised its position in 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. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SHEL. Scotiabank reissued an "outperform" rating on shares of Shell in a research report on Friday, July 11th. Wells Fargo & Company cut their target price on Shell from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Thursday, June 26th. HSBC reissued a "hold" rating and issued a $78.30 target price (down previously from $78.90) on shares of Shell in a research report on Monday, August 4th. Hsbc Global Res lowered Shell from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 4th. Finally, Sanford C. Bernstein downgraded shares of Shell from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $76.71.

Shell Stock Up 0.2%

Shares of SHEL stock traded up $0.17 on Monday, reaching $71.77. 3,097,557 shares of the stock were exchanged, compared to its average volume of 4,568,135. The company has a current ratio of 1.32, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. The business's 50 day moving average price is $72.04 and its 200 day moving average price is $69.07. The company has a market capitalization of $210.86 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 1.88 and a beta of 0.46. Shell PLC Unsponsored ADR has a twelve month low of $58.54 and a twelve month high of $74.21.

Shell (NYSE:SHEL - Get Free Report) last issued its earnings results on Thursday, July 31st. The energy company reported $1.42 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 firm had revenue of $66.44 billion during the quarter, compared to the consensus estimate of $69.31 billion. As a group, sell-side analysts expect that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, August 15th will be given a $0.716 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.86 dividend on an annualized basis and a yield of 4.0%. Shell's payout ratio is 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.