Plancorp LLC Invests $550,000 in Shell PLC Unsponsored ADR $SHEL

Key Points

• Plancorp LLC has invested approximately $550,000 in a new position of 7,504 shares in Shell PLC Unsponsored ADR during the 1st quarter.
• Several institutional investors have made recent changes to their positions in Shell, contributing to a total institutional ownership of 28.60% of the company’s stock.
• Shell recently declared a quarterly dividend of $0.716 per share, representing an annualized yield of 4.0%.

Plancorp LLC bought a new position in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 7,504 shares of the energy company's stock, valued at approximately $550,000.

Other institutional investors have also recently made changes to their positions in the company. Kennebec Savings Bank bought a new stake in shares of Shell in the 1st quarter worth $25,000. Avalon Trust Co bought a new stake in shares of Shell in the 1st quarter worth $25,000. Brown Lisle Cummings Inc. grew its stake 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 acquiring an additional 181 shares in the last quarter. Truvestments Capital LLC grew its stake 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 acquiring an additional 213 shares in the last quarter. Finally, Cheviot Value Management LLC purchased a new position in shares of Shell in the 1st quarter worth about $37,000. Institutional investors own 28.60% of the company's stock.

Analyst Upgrades and Downgrades

SHEL has been the topic of a number of research analyst reports. Hsbc Global Res downgraded shares of Shell from a "strong-buy" rating to a "hold" rating in a report on Monday, August 4th. 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 on the stock. Santander downgraded shares of Shell to a "neutral" rating in a report on Friday, July 11th. Piper Sandler cut their price target on shares of Shell from $84.00 to $82.00 and set an "overweight" rating on the stock in a report on Monday, August 18th. Finally, Sanford C. Bernstein downgraded shares of Shell from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $76.71.

Shell Price Performance

NYSE SHEL opened at $71.62 on Friday. The company has a market cap of $210.43 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 1.88 and a beta of 0.46. Shell PLC Unsponsored ADR has a 52 week low of $58.54 and a 52 week high of $74.21. 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 firm's 50-day simple moving average is $72.04 and its two-hundred day simple moving average is $69.06.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The energy company reported $1.42 EPS for the quarter, beating 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 business had revenue of $66.44 billion for the quarter, compared to the consensus estimate of $69.31 billion. Research analysts predict that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell Dividend Announcement

The business 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. The ex-dividend date is Friday, August 15th. This represents a $2.86 annualized dividend and a dividend yield of 4.0%. Shell's dividend payout ratio is currently 64.41%.

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.

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