Signature Estate & Investment Advisors LLC Boosts Stock Position in Shell PLC Unsponsored ADR $SHEL

Key Points

• Signature Estate & Investment Advisors LLC has significantly increased its stake in Shell PLC by 146.3%, holding 9,826 shares valued at $720,000.
• Shell recently reported earnings per share of $1.42, surpassing analyst expectations, and announced a quarterly dividend of $0.716 per share, representing a yield of 4.0%.
• Institutional ownership of Shell stock is notably high, with 28.60% of shares held by institutional investors and hedge funds.

Signature Estate & Investment Advisors LLC grew its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 146.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,826 shares of the energy company's stock after purchasing an additional 5,836 shares during the quarter. Signature Estate & Investment Advisors LLC's holdings in Shell were worth $720,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SHEL. Kennebec Savings Bank bought a new position in Shell during the first quarter worth about $25,000. Avalon Trust Co purchased a new stake in shares of Shell in the first quarter worth about $25,000. Brown Lisle Cummings Inc. grew its stake in Shell by 103.4% during the first 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 in the last quarter. Truvestments Capital LLC lifted its stake in Shell by 102.9% in the 1st quarter. Truvestments Capital LLC now owns 420 shares of the energy company's stock worth $31,000 after purchasing an additional 213 shares in the last quarter. Finally, Cheviot Value Management LLC purchased a new stake in Shell in the 1st quarter worth approximately $37,000. Institutional investors own 28.60% of the company's stock.

Shell Trading Down 0.9%

Shares of Shell stock traded down $0.63 on Friday, hitting $71.39. The stock had a trading volume of 5,359,895 shares, compared to its average volume of 3,195,382. The company has a quick ratio of 1.07, a current ratio of 1.32 and a debt-to-equity ratio of 0.36. Shell PLC Unsponsored ADR has a one year low of $58.54 and a one year high of $74.21. The stock has a market cap of $209.76 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 1.89 and a beta of 0.46. The stock's 50-day simple moving average is $72.10 and its two-hundred day simple moving average is $69.21.

Shell (NYSE:SHEL - Get Free Report) last issued its earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.29. The business had revenue of $66.44 billion during 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%. As a group, sell-side analysts predict that Shell PLC Unsponsored ADR will post 7.67 EPS for the current year.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, August 15th will be issued a dividend of $0.716 per share. 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 is 64.41%.

Analyst Ratings Changes

Several analysts have issued reports on SHEL shares. HSBC reiterated a "hold" rating and issued a $78.30 target price (down from $78.90) on shares of Shell in a research note on Monday, August 4th. Scotiabank reiterated an "outperform" rating on shares of Shell in a research note on Friday, July 11th. Sanford C. Bernstein downgraded shares of Shell from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Wells Fargo & Company lowered their target price 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. Finally, Hsbc Global Res downgraded shares of Shell from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 4th. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Shell currently has an average rating of "Moderate Buy" and an average price target of $76.71.

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.