Farther Finance Advisors LLC Has $1.17 Million Stock Position in Shell PLC Unsponsored ADR $SHEL

Key Points

• Farther Finance Advisors LLC increased its holdings in Shell PLC Unsponsored ADR by 70.5%, owning a total of 16,570 shares valued at approximately $1.17 million.
• Several institutional investors have also raised their stakes in Shell, with Dimensional Fund Advisors LP owning over 23 million shares, indicating strong institutional confidence in the company.
• Shell recently declared a quarterly dividend of $0.716, resulting in an annualized payment of $2.86 and a dividend yield of 4.0%.

Farther Finance Advisors LLC boosted its position in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 70.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 16,570 shares of the energy company's stock after purchasing an additional 6,851 shares during the period. Farther Finance Advisors LLC's holdings in Shell were worth $1,167,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Shell by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 23,272,913 shares of the energy company's stock worth $1,705,430,000 after acquiring an additional 451,233 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Shell by 5.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,253,238 shares of the energy company's stock worth $531,519,000 after acquiring an additional 352,569 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Shell by 21.2% during the first quarter. Goldman Sachs Group Inc. now owns 6,571,809 shares of the energy company's stock worth $481,582,000 after acquiring an additional 1,150,198 shares during the period. Pzena Investment Management LLC boosted its holdings in shares of Shell by 0.4% during the first quarter. Pzena Investment Management LLC now owns 3,592,218 shares of the energy company's stock worth $263,238,000 after acquiring an additional 15,043 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Shell by 5.1% during the first quarter. Northern Trust Corp now owns 3,260,245 shares of the energy company's stock worth $238,911,000 after acquiring an additional 158,915 shares during the period. Institutional investors own 28.60% of the company's stock.

Analyst Upgrades and Downgrades

SHEL has been the subject of several recent research reports. Hsbc Global Res cut Shell from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 4th. Piper Sandler cut their price target on Shell from $84.00 to $82.00 and set an "overweight" rating for the company in a research note on Monday, August 18th. HSBC reiterated a "hold" rating and issued a $78.30 price target (down from $78.90) on shares of Shell 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, Wells Fargo & Company cut their price target on Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a research note on Thursday, June 26th. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $76.71.

Shell Stock Up 0.8%

NYSE SHEL opened at $72.10 on Thursday. The business has a fifty day moving average price of $72.16 and a two-hundred day moving average price of $69.48. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.07. 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 market capitalization of $210.73 billion, a PE ratio of 16.24, a PEG ratio of 1.84 and a beta of 0.46.

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 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 firm 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 earnings per share for the current fiscal year.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, August 15th were paid 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 was Friday, August 15th. Shell's dividend payout ratio is presently 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.

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