Palogic Value Management L.P. Cuts Stock Position in Shell PLC Unsponsored ADR $SHEL

Key Points

• Palogic Value Management L.P. reduced its stake in Shell PLC Unsponsored ADR by 19.8%, holding 60,598 shares after selling 15,004 shares during the 1st quarter, making Shell its 8th largest position.
• Shell has seen a range of price targets from analysts, with ratings including "hold" from multiple brokerages and an average target price of $76.71.
• The company reported $1.42 earnings per share, surpassing analysts’ estimates, while also announcing a quarterly dividend of $0.716 to be paid out on September 22nd.

Palogic Value Management L.P. trimmed its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 19.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 60,598 shares of the energy company's stock after selling 15,004 shares during the quarter. Shell makes up approximately 1.9% of Palogic Value Management L.P.'s holdings, making the stock its 8th largest position. Palogic Value Management L.P.'s holdings in Shell were worth $4,441,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SHEL. Kennebec Savings Bank bought a new stake in Shell during the 1st quarter valued at approximately $25,000. Avalon Trust Co bought a new stake in shares of Shell in the 1st quarter worth approximately $25,000. Brown Lisle Cummings Inc. boosted its position in shares of Shell by 103.4% in the 1st quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock worth $26,000 after purchasing an additional 181 shares in the last quarter. Truvestments Capital LLC boosted its position in shares of Shell by 102.9% in the 1st quarter. Truvestments Capital LLC now owns 420 shares of the energy company's stock worth $31,000 after purchasing an additional 213 shares in the last quarter. Finally, Cheviot Value Management LLC bought a new stake in shares of Shell in the 1st quarter worth approximately $37,000. 28.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on SHEL. Melius began coverage on Shell in a research report on Wednesday, August 20th. They issued a "hold" rating and a $70.00 price target on the stock. Wells Fargo & Company dropped their price target on Shell from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Thursday, June 26th. HSBC reissued a "hold" rating and issued a $78.30 price target (down from $78.90) on shares of Shell in a research report on Monday, August 4th. Melius Research initiated coverage on Shell in a research report on Wednesday, August 20th. They issued a "hold" rating and a $70.00 price objective on the stock. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Shell in a research report on Friday, July 11th. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, Shell has an average rating of "Moderate Buy" and a consensus target price of $76.71.

Shell Price Performance

Shares of SHEL opened at $71.77 on Tuesday. The firm has a market cap of $210.86 billion, a PE ratio of 16.16, a P/E/G ratio of 1.88 and a beta of 0.46. 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 fifty day simple moving average of $72.06 and a two-hundred day simple moving average of $69.10. Shell PLC Unsponsored ADR has a 1-year low of $58.54 and a 1-year high of $74.21.

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

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, August 15th will be paid 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 dividend payout ratio is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.