Focus Partners Wealth Raises Position in Shell PLC Unsponsored ADR $SHEL

Key Points

• Focus Partners Wealth increased its stake in Shell PLC Unsponsored ADR by 2.5%, bringing its total holdings to 189,673 shares valued at approximately $13.9 million.
• Shell reported earnings of $1.42 per share that exceeded analysts' predictions, along with a revenue of $66.44 billion, which fell short of expectations.
• The company has announced a quarterly dividend of $0.716 per share, yielding 4.0%, with a dividend payout ratio of 64.41%.

Focus Partners Wealth raised its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 189,673 shares of the energy company's stock after buying an additional 4,604 shares during the period. Focus Partners Wealth's holdings in Shell were worth $13,899,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SHEL. Kennebec Savings Bank bought a new position in Shell during the 1st quarter worth approximately $25,000. Avalon Trust Co bought a new position in shares of Shell in the first quarter worth approximately $25,000. Brown Lisle Cummings Inc. raised its holdings 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 boosted its position in 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 first quarter valued at about $37,000. Institutional investors own 28.60% of the company's stock.

Analysts Set New Price Targets

SHEL has been the topic of a number of research analyst reports. Melius Research assumed coverage on Shell in a report on Wednesday, August 20th. They set a "hold" rating and a $70.00 price target on the stock. HSBC restated a "hold" rating and set a $78.30 target price (down previously from $78.90) on shares of Shell in a report on Monday, August 4th. Scotiabank reiterated an "outperform" rating on shares of Shell in a report on Friday, July 11th. Piper Sandler dropped their target price on shares of Shell from $84.00 to $82.00 and set an "overweight" rating for the company in a research report on Monday, August 18th. Finally, Wells Fargo & Company reduced their price target on shares of Shell from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Thursday, June 26th. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $76.71.

Shell Price Performance

SHEL opened at $71.39 on Friday. 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 company has a market cap of $209.76 billion, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 1.89 and a beta of 0.46. The stock has a fifty day simple moving average of $72.10 and a two-hundred day simple moving average of $69.21. Shell PLC Unsponsored ADR has a 12-month low of $58.54 and a 12-month 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 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $69.31 billion. Research analysts predict that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, August 15th will be issued a dividend of $0.716 per share. The ex-dividend date is Friday, August 15th. This represents a $2.86 annualized dividend and a dividend yield of 4.0%. Shell's dividend payout ratio (DPR) 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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