Prime Capital Investment Advisors LLC Decreases Stake in Shell PLC Unsponsored ADR $SHEL

Key Points

• Prime Capital Investment Advisors LLC reduced its stake in Shell PLC Unsponsored ADR by 32.9%, holding 18,098 shares worth approximately $1.27 million after selling 8,872 shares in the second quarter.
• Several hedge funds have increased their positions in Shell, with Brighton Jones LLC raising its holdings by 51.7% and Charles Schwab Investment Management Inc. by 26.3%.
• Analysts maintain a consensus rating of "Moderate Buy" for Shell, with an average price target set at $77.21, although some brokers have downgraded their ratings to "neutral."

Prime Capital Investment Advisors LLC lowered its stake in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 32.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,098 shares of the energy company's stock after selling 8,872 shares during the period. Prime Capital Investment Advisors LLC's holdings in Shell were worth $1,274,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of Shell by 51.7% in the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock worth $468,000 after buying an additional 2,545 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Shell by 26.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 252,397 shares of the energy company's stock worth $18,496,000 after buying an additional 52,541 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Shell by 4.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 19,323 shares of the energy company's stock worth $1,401,000 after purchasing an additional 815 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Shell by 2.7% during the first quarter. PNC Financial Services Group Inc. now owns 908,572 shares of the energy company's stock worth $66,580,000 after purchasing an additional 23,680 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised its holdings in shares of Shell by 30.6% during the first quarter. Kingsview Wealth Management LLC now owns 21,327 shares of the energy company's stock worth $1,563,000 after purchasing an additional 5,002 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on SHEL. Santander cut shares of Shell to a "neutral" rating in a report on Friday, July 11th. Melius began coverage on shares of Shell in a report on Wednesday, August 20th. They set a "hold" rating and a $70.00 target price for the company. Melius Research began coverage on shares of Shell in a report on Wednesday, August 20th. They set a "hold" rating and a $70.00 target price for the company. Scotiabank reissued an "outperform" rating on shares of Shell in a report on Friday, July 11th. Finally, Hsbc Global Res cut shares of Shell from a "strong-buy" rating to a "hold" rating in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Shell has a consensus rating of "Moderate Buy" and an average price target of $77.21.

Shell Stock Down 1.1%

SHEL opened at $74.09 on Thursday. Shell PLC Unsponsored ADR has a fifty-two week low of $58.54 and a fifty-two week high of $75.08. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.32. The company has a fifty day moving average of $72.44 and a two-hundred day moving average of $69.74. The stock has a market capitalization of $216.55 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 1.95 and a beta of 0.39.

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

Shell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, August 15th were given a $0.716 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.86 annualized dividend and a dividend yield of 3.9%. Shell's dividend payout ratio (DPR) is 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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