Old Port Advisors Acquires 9,435 Shares of Shell PLC Unsponsored ADR $SHEL

Key Points

• Old Port Advisors significantly increased its investment in Shell PLC Unsponsored ADR, acquiring an additional 9,435 shares to total 15,370 shares, valued at approximately $1,082,000.
• Shell recently reported quarterly earnings of $1.42 EPS, exceeding analyst expectations, but its revenue of $66.44 billion fell short of the anticipated $69.31 billion.
• The company announced a quarterly dividend of $0.716 per share, translating to an annualized dividend of $2.86 and a yield of 3.9% for investors.

Old Port Advisors boosted its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 159.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,370 shares of the energy company's stock after buying an additional 9,435 shares during the period. Old Port Advisors' holdings in Shell were worth $1,082,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC boosted its stake in Shell by 14.9% during the second quarter. TD Private Client Wealth LLC now owns 30,442 shares of the energy company's stock valued at $2,143,000 after buying an additional 3,947 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in shares of Shell by 21.1% in the second quarter. AdvisorNet Financial Inc now owns 3,105 shares of the energy company's stock worth $219,000 after buying an additional 541 shares during the period. GAMMA Investing LLC raised its holdings in shares of Shell by 37.4% in the second quarter. GAMMA Investing LLC now owns 7,925 shares of the energy company's stock worth $558,000 after buying an additional 2,156 shares during the period. Farther Finance Advisors LLC grew its stake in Shell by 70.5% in the second quarter. Farther Finance Advisors LLC now owns 16,570 shares of the energy company's stock worth $1,167,000 after purchasing an additional 6,851 shares in the last quarter. Finally, Bruce G. Allen Investments LLC boosted its position in Shell by 2.3% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 7,933 shares of the energy company's stock valued at $559,000 after acquiring an additional 177 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Price Performance

Shares of Shell stock opened at $73.36 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.32 and a debt-to-equity ratio of 0.36. Shell PLC Unsponsored ADR has a twelve month low of $58.54 and a twelve month high of $74.21. The business has a 50-day moving average price of $72.27 and a 200 day moving average price of $69.57. The firm has a market cap of $214.42 billion, a PE ratio of 16.52, a P/E/G ratio of 1.87 and a beta of 0.46.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $66.44 billion for the quarter, compared to analysts' expectations of $69.31 billion. Shell had a return on equity of 10.67% and a net margin of 4.93%. Sell-side analysts predict that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, August 15th were given a dividend of $0.716 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.9%. Shell's dividend payout ratio is currently 64.41%.

Analyst Ratings Changes

A number of analysts have recently weighed in on SHEL shares. BNP Paribas raised Shell to a "strong-buy" rating in a research report on Tuesday. Melius assumed coverage on Shell in a research note on Wednesday, August 20th. They issued a "hold" rating and a $70.00 target price for the company. Wells Fargo & Company reduced their target price on Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a research note on Thursday, June 26th. Santander lowered Shell to a "neutral" rating in a research note on Friday, July 11th. Finally, Hsbc Global Res lowered Shell from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Shell has an average rating of "Moderate Buy" and a consensus target price of $76.71.

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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