Shell PLC Unsponsored ADR $SHEL Holdings Lowered by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. decreased its stake in Shell PLC Unsponsored ADR by 5.8%, holding 515,419 shares worth approximately $37.77 million following a sale of 31,460 shares.
• GQG Partners LLC dramatically increased its holdings by 42,743.3% during the first quarter, now owning nearly 2.87 million shares valued at $210.16 million.
• Shell's recent earnings reports indicated a positive earnings per share of $1.42, surpassing analysts' expectations, and it also announced a quarterly dividend of $0.716 per share with a yield of 3.9%.

Alyeska Investment Group L.P. trimmed its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 515,419 shares of the energy company's stock after selling 31,460 shares during the period. Alyeska Investment Group L.P.'s holdings in Shell were worth $37,770,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SHEL. GQG Partners LLC lifted its holdings in shares of Shell by 42,743.3% during the first quarter. GQG Partners LLC now owns 2,867,929 shares of the energy company's stock valued at $210,162,000 after purchasing an additional 2,861,235 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Shell during the first quarter valued at $180,366,000. Voloridge Investment Management LLC raised its position in Shell by 170.3% during the fourth quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock valued at $216,980,000 after buying an additional 2,182,253 shares during the period. Raymond James Financial Inc. raised its position in Shell by 102.6% during the first quarter. Raymond James Financial Inc. now owns 2,965,812 shares of the energy company's stock valued at $217,335,000 after buying an additional 1,501,866 shares during the period. Finally, Deutsche Bank AG raised its position in Shell by 2,096.7% during the first quarter. Deutsche Bank AG now owns 1,217,115 shares of the energy company's stock valued at $89,190,000 after buying an additional 1,161,709 shares during the period. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Sanford C. Bernstein lowered Shell from an "outperform" rating to a "market perform" rating in a research report on Monday, June 16th. Piper Sandler dropped their price target on Shell from $84.00 to $82.00 and set an "overweight" rating on the stock in a research report on Monday, August 18th. Scotiabank reissued an "outperform" rating on shares of Shell in a research report on Friday, July 11th. Santander lowered Shell to a "neutral" rating in a research report on Friday, July 11th. Finally, Melius Research started coverage on Shell in a research report on Wednesday, August 20th. They issued a "hold" rating and a $70.00 target price on the stock. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $76.71.

Shell Stock Performance

Shares of SHEL stock opened at $72.78 on Thursday. 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 fifty-two week low of $58.54 and a fifty-two week high of $74.21. The stock's 50-day moving average is $71.99 and its two-hundred day moving average is $68.99. The firm has a market cap of $213.83 billion, a P/E ratio of 16.39, a PEG ratio of 1.96 and a beta of 0.46.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.29. The company had revenue of $66.44 billion during the quarter, compared to the consensus estimate of $69.31 billion. Shell had a return on equity of 10.67% and a net margin of 4.93%. Analysts predict that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal 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 paid a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, August 15th. Shell's dividend 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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