Logan Capital Management Inc. Purchases 32,815 Shares of Shell PLC Unsponsored ADR $SHEL

Key Points

• Logan Capital Management Inc. increased its investment in Shell PLC Unsponsored ADR by 12.7% in Q1, owning 291,256 shares, valued at approximately $21.34 million.
• Shell reported an EPS of $1.42 for the last quarter, exceeding analysts' expectations, with revenue of $66.44 billion, falling short of the forecast.
• The company also announced a quarterly dividend of $0.716, with a yield of 4.0%, set to be paid on September 22nd, reflecting a dividend payout ratio of 64.41%.

Logan Capital Management Inc. boosted its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 12.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 291,256 shares of the energy company's stock after purchasing an additional 32,815 shares during the period. Shell accounts for approximately 1.0% of Logan Capital Management Inc.'s holdings, making the stock its 23rd largest holding. Logan Capital Management Inc.'s holdings in Shell were worth $21,343,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ascent Group LLC acquired a new stake in Shell during the 1st quarter valued at $650,000. Signature Estate & Investment Advisors LLC increased its stake in shares of Shell by 146.3% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 9,826 shares of the energy company's stock valued at $720,000 after buying an additional 5,836 shares during the period. Ashton Thomas Private Wealth LLC increased its stake in shares of Shell by 27.1% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 36,956 shares of the energy company's stock valued at $2,708,000 after buying an additional 7,875 shares during the period. Permanens Capital L.P. increased its stake in shares of Shell by 48.5% in the 1st quarter. Permanens Capital L.P. now owns 17,940 shares of the energy company's stock valued at $1,315,000 after buying an additional 5,859 shares during the period. Finally, Plancorp LLC acquired a new stake in shares of Shell in the 1st quarter valued at $550,000. 28.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SHEL shares. Sanford C. Bernstein cut Shell from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Santander lowered Shell to a "neutral" rating in a research report on Friday, July 11th. HSBC restated a "hold" rating and issued a $78.30 price target (down from $78.90) on shares of Shell in a research report on Monday, August 4th. Hsbc Global Res lowered Shell from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 4th. Finally, Melius Research assumed coverage on Shell in a research report on Wednesday, August 20th. They issued a "hold" rating and a $70.00 price target on the stock. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Shell presently has an average rating of "Moderate Buy" and an average target price of $76.71.

Shell Trading Down 0.9%

SHEL stock traded down $0.63 during midday trading on Friday, hitting $71.39. 5,359,895 shares of the company's stock were exchanged, compared to its average volume of 4,581,673. The stock's fifty day moving average price is $72.10 and its 200-day moving average price is $69.18. 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 market cap of $209.76 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 1.91 and a beta of 0.46. Shell PLC Unsponsored ADR has a one year low of $58.54 and a one year high of $74.21.

Shell (NYSE:SHEL - Get Free Report) last posted its earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share 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 analyst estimates of $69.31 billion. Shell had a return on equity of 10.67% and a net margin of 4.93%. Research analysts predict that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell Dividend Announcement

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 issued a $0.716 dividend. 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%.

About Shell

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.