Shell PLC Unsponsored ADR $SHEL Shares Sold by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management LLC cut its holdings in Shell PLC Unsponsored ADR by 20.6%, leaving it with 173,898 shares valued at approximately $12.74 million.
• Several institutional investors, including Broyhill Asset Management LLC and Truvestments Capital LLC, have recently either increased or reduced their positions, indicating fluctuating investor sentiment.
• Shell recently announced a quarterly dividend of $0.716 per share, representing an annualized dividend yield of 3.9% with a payout ratio of 64.41%.

Evergreen Capital Management LLC decreased its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 20.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 173,898 shares of the energy company's stock after selling 45,035 shares during the quarter. Evergreen Capital Management LLC's holdings in Shell were worth $12,743,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sax Wealth Advisors LLC boosted its holdings in Shell by 3.9% in the first quarter. Sax Wealth Advisors LLC now owns 4,367 shares of the energy company's stock valued at $320,000 after purchasing an additional 164 shares in the last quarter. Warther Private Wealth LLC lifted its stake in Shell by 5.0% in the first quarter. Warther Private Wealth LLC now owns 3,433 shares of the energy company's stock valued at $252,000 after buying an additional 165 shares during the last quarter. Harbour Capital Advisors LLC lifted its stake in Shell by 2.4% in the first quarter. Harbour Capital Advisors LLC now owns 7,235 shares of the energy company's stock valued at $505,000 after buying an additional 170 shares during the last quarter. Golden State Equity Partners lifted its stake in Shell by 5.1% in the first quarter. Golden State Equity Partners now owns 3,562 shares of the energy company's stock valued at $261,000 after buying an additional 173 shares during the last quarter. Finally, Brown Lisle Cummings Inc. lifted its stake in Shell by 103.4% in the first quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock valued at $26,000 after buying an additional 181 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Piper Sandler cut their price target on Shell from $84.00 to $82.00 and set an "overweight" rating for the company in a research note on Monday, August 18th. HSBC restated a "hold" rating and set a $78.30 price target (down previously from $78.90) on shares of Shell in a research note on Monday, August 4th. Scotiabank restated an "outperform" rating on shares of Shell in a research note on Friday, July 11th. Santander lowered Shell to a "neutral" rating in a report on Friday, July 11th. Finally, Melius initiated coverage on Shell in a report on Wednesday, August 20th. They set a "hold" rating and a $70.00 price objective on the stock. Ten analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $76.71.

Shell Trading Down 0.2%

NYSE SHEL traded down $0.17 during trading hours on Tuesday, hitting $73.71. 3,450,928 shares of the company's stock were exchanged, compared to its average volume of 4,583,874. The business's 50 day moving average is $71.86 and its 200-day moving average is $68.93. The firm has a market capitalization of $216.56 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 1.96 and a beta of 0.46. 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 PLC Unsponsored ADR has a 12-month low of $58.54 and a 12-month high of $74.21.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The energy company reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.29. The company had revenue of $66.44 billion for the quarter, compared to the consensus estimate of $69.31 billion. Shell had a return on equity of 10.67% and a net margin of 4.93%. As a group, analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Investors 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 3.9%. The ex-dividend date is Friday, August 15th. Shell's dividend payout ratio (DPR) is presently 64.41%.

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.