Ransom Advisory Ltd Makes New Investment in Shell PLC Unsponsored ADR $SHEL

Key Points

• Ransom Advisory Ltd has made a new investment in Shell PLC Unsponsored ADR, acquiring 4,261 shares worth approximately $300,000.
• Institutional ownership of Shell stock is strong, with several large investors, including GQG Partners and Deutsche Bank, significantly increasing their stakes in recent quarters.
• Shell recently reported $1.42 EPS for the last quarter, surpassing analysts' estimates, and has announced a quarterly dividend of $0.716 per share with a yield of 4%.

Ransom Advisory Ltd purchased a new position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 4,261 shares of the energy company's stock, valued at approximately $300,000.

A number of other large investors have also recently bought and sold shares of SHEL. GQG Partners LLC boosted its position in shares of Shell by 42,743.3% during the 1st quarter. GQG Partners LLC now owns 2,867,929 shares of the energy company's stock worth $210,162,000 after purchasing an additional 2,861,235 shares in the last quarter. Nuveen LLC bought a new position in Shell in the 1st quarter valued at about $180,366,000. Voloridge Investment Management LLC boosted its stake in Shell by 170.3% during the 4th quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock valued at $216,980,000 after purchasing an additional 2,182,253 shares during the last quarter. Raymond James Financial Inc. boosted its stake in Shell by 102.6% during the 1st quarter. Raymond James Financial Inc. now owns 2,965,812 shares of the energy company's stock valued at $217,335,000 after purchasing an additional 1,501,866 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in Shell by 2,096.7% during the 1st quarter. Deutsche Bank AG now owns 1,217,115 shares of the energy company's stock valued at $89,190,000 after purchasing an additional 1,161,709 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SHEL has been the subject of a number of analyst reports. Melius initiated coverage on Shell in a research note on Wednesday, August 20th. They set a "hold" rating and a $70.00 price target for the company. Sanford C. Bernstein downgraded Shell from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Melius Research assumed coverage on Shell in a research note on Wednesday, August 20th. They set a "hold" rating and a $70.00 price target for the company. Piper Sandler cut their target price on Shell from $84.00 to $82.00 and set an "overweight" rating on the stock in a research note on Monday, August 18th. Finally, Scotiabank restated an "outperform" rating on shares of Shell in a research note on Friday, July 11th. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $76.71.

Shell Trading Down 0.9%

Shares of SHEL stock opened at $71.39 on Monday. The company's fifty day simple moving average is $72.10 and its two-hundred day simple moving average is $69.24. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.07. Shell PLC Unsponsored ADR has a 1 year low of $58.54 and a 1 year high of $74.21. The stock has a market capitalization of $208.66 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 1.87 and a beta of 0.46.

Shell (NYSE:SHEL - Get Free Report) last issued its earnings results 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. The business had revenue of $66.44 billion for the quarter, compared to analysts' expectations of $69.31 billion. Shell had a net margin of 4.93% and a return on equity of 10.67%. As a group, analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell Announces Dividend

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 4.0%. The ex-dividend date is Friday, August 15th. Shell's 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.

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