NewEdge Advisors LLC Boosts Stake in Shell PLC Unsponsored ADR $SHEL

Key Points

• NewEdge Advisors LLC increased its stake in Shell PLC Unsponsored ADR by 24.9%, acquiring an additional 20,896 shares, bringing its total holdings to 104,983 shares valued at approximately $7.69 million.
• Shell reported quarterly earnings of $1.42 per share, exceeding analysts' estimates of $1.13, despite revenues falling short of expectations at $66.44 billion.
• The company announced a quarterly dividend of $0.716, translating to an annualized dividend of $2.86 with a yield of 4.0%, to be paid to shareholders on September 22nd.

NewEdge Advisors LLC lifted its position in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 24.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,983 shares of the energy company's stock after purchasing an additional 20,896 shares during the quarter. NewEdge Advisors LLC's holdings in Shell were worth $7,693,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SHEL. Avalon Trust Co bought a new stake in Shell during the first quarter worth approximately $25,000. Kennebec Savings Bank bought a new stake in Shell during the first quarter worth approximately $25,000. Brown Lisle Cummings Inc. increased its stake in Shell by 103.4% during the first quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock worth $26,000 after acquiring an additional 181 shares during the last quarter. Truvestments Capital LLC increased its stake in Shell by 102.9% during the first quarter. Truvestments Capital LLC now owns 420 shares of the energy company's stock worth $31,000 after acquiring an additional 213 shares during the last quarter. Finally, Cheviot Value Management LLC bought a new stake in Shell during the first quarter worth approximately $37,000. 28.60% of the stock is owned by institutional investors.

Shell Trading Down 0.9%

Shares of NYSE SHEL traded down $0.63 during trading hours on Friday, reaching $71.39. The stock had a trading volume of 5,359,895 shares, compared to its average volume of 3,195,382. 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 firm has a market cap of $209.76 billion, a price-to-earnings ratio of 16.08, a P/E/G ratio of 1.89 and a beta of 0.46. The business's fifty day moving average price is $72.10 and its two-hundred day moving average price is $69.22. Shell PLC Unsponsored ADR has a 52-week low of $58.54 and a 52-week high of $74.21.

Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.29. The firm had revenue of $66.44 billion during the quarter, compared to analyst estimates of $69.31 billion. Shell had a return on equity of 10.67% and a net margin of 4.93%. Analysts expect that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Announces Dividend

The company also recently declared 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. The ex-dividend date is Friday, August 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.0%. Shell's payout ratio is presently 64.41%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SHEL. Scotiabank reissued an "outperform" rating on shares of Shell in a research note on Friday, July 11th. Wells Fargo & Company dropped their target price on Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Thursday, June 26th. Hsbc Global Res lowered Shell from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 4th. Piper Sandler dropped their target price on Shell from $84.00 to $82.00 and set an "overweight" rating for the company in a research report on Monday, August 18th. Finally, Sanford C. Bernstein lowered Shell from an "outperform" rating to a "market perform" rating in a research report on Monday, June 16th. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $76.71.

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.