Palogic Value Management L.P. Has $2.98 Million Holdings in Shell PLC Unsponsored ADR $SHEL

Key Points

• Palogic Value Management L.P. reduced its stock holdings in Shell PLC Unsponsored ADR by 46.3%, selling 35,004 shares to end with 40,598 shares, which now represent 1.3% of its holdings.
• Shell announced a quarterly dividend of $0.716, with a 3.9% yield and a payout ratio of 64.41%, to be paid to shareholders of record on August 15th.
• Despite the decrease in Palogic's holdings, other hedge funds have increased their positions in Shell, with significant increases from Brighton Jones LLC and Barclays PLC among others.

Palogic Value Management L.P. cut its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 46.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,598 shares of the energy company's stock after selling 35,004 shares during the period. Shell accounts for approximately 1.3% of Palogic Value Management L.P.'s portfolio, making the stock its 26th biggest holding. Palogic Value Management L.P.'s holdings in Shell were worth $2,975,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SHEL. Sax Wealth Advisors LLC raised its position in shares of Shell by 3.9% during the first quarter. Sax Wealth Advisors LLC now owns 4,367 shares of the energy company's stock valued at $320,000 after buying an additional 164 shares during the last quarter. Warther Private Wealth LLC raised its position in shares of Shell by 5.0% during the first quarter. Warther Private Wealth LLC now owns 3,433 shares of the energy company's stock valued at $252,000 after buying an additional 165 shares during the last quarter. Harbour Capital Advisors LLC raised its position in Shell by 2.4% in the first quarter. Harbour Capital Advisors LLC now owns 7,235 shares of the energy company's stock worth $505,000 after purchasing an additional 170 shares in the last quarter. Golden State Equity Partners raised its position in Shell by 5.1% in the first quarter. Golden State Equity Partners now owns 3,562 shares of the energy company's stock worth $261,000 after purchasing an additional 173 shares in the last quarter. Finally, Brown Lisle Cummings Inc. raised its position in Shell by 103.4% in the first 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. 28.60% of the stock is currently owned by institutional investors.

Shell Trading Down 1.4%

SHEL stock traded down $1.02 during midday trading on Wednesday, reaching $72.78. The company's stock had a trading volume of 4,528,978 shares, compared to its average volume of 4,581,393. Shell PLC Unsponsored ADR has a 52 week low of $58.54 and a 52 week high of $74.21. The stock has a market cap of $213.83 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 1.96 and a beta of 0.46. The company has a quick ratio of 1.07, a current ratio of 1.32 and a debt-to-equity ratio of 0.36. The business's 50-day simple moving average is $71.93 and its 200-day simple moving average is $68.96.

Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings data 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. 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 analysts' expectations of $69.31 billion. As a group, sell-side analysts expect that Shell PLC Unsponsored ADR will post 7.67 EPS for the current year.

Shell Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SHEL shares. Sanford C. Bernstein lowered shares of Shell from an "outperform" rating to a "market perform" rating in a research report on Monday, June 16th. Hsbc Global Res lowered shares of Shell from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 4th. HSBC reaffirmed a "hold" rating and set a $78.30 price objective (down from $78.90) on shares of Shell in a research note on Monday, August 4th. Santander cut shares of Shell to a "neutral" rating in a research note on Friday, July 11th. Finally, Wells Fargo & Company decreased their price objective on shares of Shell from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Thursday, June 26th. Ten research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.