Shell PLC Unsponsored ADR $SHEL Shares Sold by Neville Rodie & Shaw Inc.

Key Points

• Neville Rodie & Shaw Inc. reduced its holdings in Shell PLC by 8.8% during the 2nd quarter, now owning 86,925 shares valued at $6.12 million.
• Shell recently disclosed a quarterly dividend of $0.716, with a dividend yield of 4.0%, reaffirming its financial commitments to shareholders.
• Several analysts have recently set new price targets for Shell, with an average target of $76.71, indicating a Moderate Buy consensus rating among investment professionals.

Neville Rodie & Shaw Inc. trimmed its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 8.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 86,925 shares of the energy company's stock after selling 8,375 shares during the period. Neville Rodie & Shaw Inc.'s holdings in Shell were worth $6,120,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its stake in Shell by 51.7% during the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock valued at $468,000 after acquiring an additional 2,545 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Shell by 26.3% during 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 acquiring an additional 52,541 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Shell by 4.4% during 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 acquiring an additional 815 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of 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 during the period. Finally, Merit Financial Group LLC lifted its stake in shares of Shell by 100.9% in the 1st quarter. Merit Financial Group LLC now owns 11,534 shares of the energy company's stock valued at $845,000 after purchasing an additional 5,794 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Performance

NYSE:SHEL opened at $71.39 on Friday. The company's 50-day moving average price is $72.10 and its 200-day moving average price is $69.21. The company has a current ratio of 1.32, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. The company has a market cap of $209.76 billion, a P/E ratio of 16.08, a P/E/G ratio of 1.89 and a beta of 0.46. Shell PLC Unsponsored ADR has a twelve month low of $58.54 and a twelve month high of $74.21.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly 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. Shell had a net margin of 4.93% and a return on equity of 10.67%. The firm had revenue of $66.44 billion for the quarter, compared to the consensus estimate of $69.31 billion. On average, sell-side analysts forecast that Shell PLC Unsponsored ADR will post 7.67 earnings per share 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 issued a $0.716 dividend. 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 4.0%. Shell's dividend payout ratio is currently 64.41%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SHEL shares. Melius started coverage on shares of Shell in a research note on Wednesday, August 20th. They issued a "hold" rating and a $70.00 target price for the company. Sanford C. Bernstein cut shares of Shell from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Hsbc Global Res cut shares of Shell from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 4th. 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. Finally, Scotiabank reiterated an "outperform" rating on shares of Shell in a research note on Friday, July 11th. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Shell presently has a consensus 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.

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