SCS Capital Management LLC Takes $3.18 Million Position in Shell PLC Unsponsored ADR $SHEL

Key Points

• SCS Capital Management LLC has acquired 43,425 shares of Shell PLC Unsponsored ADR, valued at approximately $3.18 million, during the first quarter of the year.
• Shell recently reported earnings of $1.42 per share, surpassing analyst expectations, with revenue of $66.44 billion for the quarter.
• The company declared a quarterly dividend of $0.716, which translates to an annualized yield of 4.0%, scheduled to be paid on September 22nd.

SCS Capital Management LLC bought a new position in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 43,425 shares of the energy company's stock, valued at approximately $3,182,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Avalon Trust Co acquired a new stake in Shell in the first quarter worth approximately $25,000. Kennebec Savings Bank acquired a new stake in shares of Shell during the 1st quarter valued at $25,000. Brown Lisle Cummings Inc. lifted its position in shares of Shell by 103.4% during the 1st quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock valued at $26,000 after acquiring an additional 181 shares during the last quarter. Truvestments Capital LLC lifted its position in shares of Shell by 102.9% during the 1st quarter. Truvestments Capital LLC now owns 420 shares of the energy company's stock valued at $31,000 after acquiring an additional 213 shares during the last quarter. Finally, Cheviot Value Management LLC acquired a new stake in shares of Shell during the 1st quarter valued at $37,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SHEL. HSBC reiterated a "hold" rating and set a $78.30 price objective (down previously from $78.90) on shares of Shell in a research report on Monday, August 4th. Piper Sandler reduced their target price on Shell from $84.00 to $82.00 and set an "overweight" rating for the company in a report on Monday, August 18th. Sanford C. Bernstein lowered Shell from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. Santander downgraded shares of Shell to a "neutral" rating in a research note on Friday, July 11th. Finally, Wells Fargo & Company dropped their price target 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 investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $76.71.

Shell Stock Down 0.9%

Shell stock traded down $0.63 during mid-day trading on Friday, hitting $71.39. 5,359,895 shares of the company's stock were exchanged, compared to its average volume of 3,195,382. 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 stock has a market cap of $209.76 billion, a P/E ratio of 16.08, a P/E/G ratio of 1.89 and a beta of 0.46. Shell PLC Unsponsored ADR has a 1-year low of $58.54 and a 1-year high of $74.21. The stock has a 50 day moving average of $72.10 and a two-hundred day moving average of $69.21.

Shell (NYSE:SHEL - Get Free Report) last posted its earnings results on Thursday, July 31st. The energy company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.13 by $0.29. The firm had revenue of $66.44 billion for the quarter, compared to the consensus estimate 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 EPS for the current fiscal year.

Shell Dividend Announcement

The firm 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 $0.716 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, August 15th. Shell's dividend payout ratio (DPR) 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.