Vident Advisory LLC Buys 11,000 Shares of Shell PLC Unsponsored ADR $SHEL

Key Points

• Vident Advisory LLC increased its stake in Shell PLC Unsponsored ADR by 23.2% during the first quarter, acquiring an additional 11,000 shares, resulting in a total of 58,395 shares valued at $4.28 million.
• Shell's latest earnings report showed an EPS of $1.42, which surpassed analyst expectations of $1.13, although revenue fell short of estimates.
• The company announced a quarterly dividend of $0.716 per share, reflecting an annualized dividend yield of 3.9%, set to be paid on September 22nd.

Vident Advisory LLC raised its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 23.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 58,395 shares of the energy company's stock after acquiring an additional 11,000 shares during the period. Vident Advisory LLC's holdings in Shell were worth $4,280,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SHEL. Brighton Jones LLC increased its holdings in shares of Shell by 51.7% during the 4th 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. Barclays PLC increased its holdings in Shell by 136.2% in the 4th quarter. Barclays PLC now owns 7,824 shares of the energy company's stock valued at $490,000 after purchasing an additional 4,512 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Shell by 26.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 252,397 shares of the energy company's stock valued at $18,496,000 after purchasing an additional 52,541 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Shell by 4.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 19,323 shares of the energy company's stock valued at $1,401,000 after purchasing an additional 815 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Shell by 2.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 908,572 shares of the energy company's stock valued at $66,580,000 after purchasing an additional 23,680 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Price Performance

Shares of NYSE SHEL traded down $1.02 during mid-day trading on Wednesday, reaching $72.78. 4,570,442 shares of the company traded hands, compared to its average volume of 4,584,697. Shell PLC Unsponsored ADR has a fifty-two week low of $58.54 and a fifty-two week high of $74.21. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.07. The firm has a market cap of $213.83 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 1.96 and a beta of 0.46. The stock has a fifty day simple moving average of $71.93 and a 200-day simple moving average of $68.96.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The energy company reported $1.42 EPS 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 business had revenue of $66.44 billion for the quarter, compared to analyst estimates of $69.31 billion. Equities research analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.9%. Shell's dividend payout ratio is currently 64.41%.

Wall Street Analyst Weigh In

SHEL has been the subject of several recent analyst reports. Santander downgraded Shell to a "neutral" rating in a research note on Friday, July 11th. Wells Fargo & Company lowered their target price on Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a research note on Thursday, June 26th. Melius Research assumed coverage on Shell in a research note on Wednesday, August 20th. They set a "hold" rating and a $70.00 target price for the company. HSBC reaffirmed a "hold" rating and set a $78.30 price target (down previously from $78.90) on shares of Shell in a research report on Monday, August 4th. Finally, Melius assumed coverage on shares of Shell in a research report on Wednesday, August 20th. They set a "hold" rating and a $70.00 price target on the stock. Ten research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $76.71.

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.