Ieq Capital LLC Has $2.25 Million Position in Shell PLC Unsponsored ADR $SHEL

Key Points

• Ieq Capital LLC has reduced its holdings in Shell PLC Unsponsored ADR by 18.6%, now owning 30,756 shares valued at $2,254,000 after selling 7,040 shares.
• Several institutional investors, including Brighton Jones LLC and Barclays PLC, have significantly increased their positions in Shell during the fourth quarter.
• Shell reported earnings per share (EPS) of $1.42, surpassing analysts’ expectations, and announced a quarterly dividend of $0.716 per share representing an annual yield of 3.9%.

Ieq Capital LLC decreased its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 18.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,756 shares of the energy company's stock after selling 7,040 shares during the quarter. Ieq Capital LLC's holdings in Shell were worth $2,254,000 at the end of the most recent quarter.

A number of other institutional investors have also recently 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 valued at $210,162,000 after purchasing an additional 2,861,235 shares during the period. Nuveen LLC acquired a new position in Shell during the first quarter valued at approximately $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 valued at $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 valued at $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 valued at $89,190,000 after purchasing an additional 1,161,709 shares during the period. Institutional investors and hedge funds own 28.60% of the company's stock.

Analysts Set New Price Targets

SHEL has been the subject of several research analyst reports. Melius Research initiated coverage on shares of Shell in a report on Wednesday, August 20th. They issued a "hold" rating and a $70.00 price target for the company. Melius initiated coverage on shares of Shell in a report on Wednesday, August 20th. They issued a "hold" rating and a $70.00 price target for the company. Scotiabank reiterated an "outperform" rating on shares of Shell in a report on Friday, July 11th. HSBC reiterated a "hold" rating and issued a $78.30 price target (down previously from $78.90) on shares of Shell in a report on Monday, August 4th. Finally, Hsbc Global Res lowered shares of Shell from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 4th. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Shell currently has an average rating of "Moderate Buy" and an average target price of $76.71.

Shell Stock Performance

NYSE SHEL traded down $0.32 on Thursday, hitting $72.42. 3,747,487 shares of the stock were exchanged, compared to its average volume of 4,579,716. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.07. The business's fifty day moving average is $71.99 and its 200 day moving average is $68.99. Shell PLC Unsponsored ADR has a 52 week low of $58.54 and a 52 week high of $74.21. The company has a market capitalization of $212.77 billion, a PE ratio of 16.31, a P/E/G ratio of 1.96 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 the consensus estimate 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 for the quarter, compared to analyst estimates of $69.31 billion. Research analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, August 15th will be issued a $0.716 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, August 15th. Shell's payout ratio is currently 64.41%.

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.