Shell PLC Unsponsored ADR $SHEL Shares Sold by Interval Partners LP

Key Points

• Interval Partners LP reduced its stake in Shell PLC Unsponsored ADR by 25.6%, now holding 30,277 shares valued at approximately $2.2 million.
• GQG Partners LLC significantly increased its position by 42,743.3%, acquiring 2,867,929 shares worth about $210.2 million in the same quarter.
• Shell recently declared a quarterly $0.716 dividend, yielding approximately 4.0%, with the payout ratio currently at 64.41%.

Interval Partners LP lowered its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 25.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,277 shares of the energy company's stock after selling 10,442 shares during the period. Interval Partners LP's holdings in Shell were worth $2,219,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SHEL. Brighton Jones LLC increased its position in shares of Shell by 51.7% in the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock worth $468,000 after acquiring an additional 2,545 shares in the last quarter. Barclays PLC grew its holdings in Shell by 136.2% during 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. The Manufacturers Life Insurance Company grew its holdings in Shell by 1.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 14,646 shares of the energy company's stock valued at $918,000 after purchasing an additional 223 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Shell by 27.8% during the 4th quarter. Ameriprise Financial Inc. now owns 567,552 shares of the energy company's stock valued at $35,552,000 after purchasing an additional 123,487 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in Shell by 3.2% during the 4th quarter. Benjamin Edwards Inc. now owns 10,493 shares of the energy company's stock valued at $657,000 after purchasing an additional 322 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on SHEL shares. Piper Sandler reduced their price objective on shares of Shell from $84.00 to $82.00 and set an "overweight" rating on the stock in a research note on Monday, August 18th. Melius started coverage on shares of Shell in a research note on Wednesday, August 20th. They set a "hold" rating and a $70.00 price objective on the stock. Santander downgraded shares of Shell to a "neutral" rating in a research note on Friday, July 11th. HSBC reiterated a "hold" rating and set a $78.30 price objective (down from $78.90) on shares of Shell in a research note on Monday, August 4th. Finally, Melius Research started coverage on shares of Shell in a research note on Wednesday, August 20th. They set a "hold" rating and a $70.00 price objective 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, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $76.71.

Shell Stock Performance

Shares of Shell stock traded up $0.17 during trading hours on Monday, reaching $71.77. The company's stock had a trading volume of 3,097,557 shares, compared to its average volume of 2,870,488. The stock has a market cap of $210.86 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 1.88 and a beta of 0.46. The company's 50 day simple moving average is $72.06 and its 200 day simple moving average is $69.10. Shell PLC Unsponsored ADR has a one year low of $58.54 and a one year high of $74.21. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.32.

Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The energy company reported $1.42 earnings per share for the quarter, beating 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 expect that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, August 15th will be given a $0.716 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.86 annualized dividend and a yield of 4.0%. Shell's dividend payout ratio (DPR) is currently 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.