Shell PLC Unsponsored ADR $SHEL Stock Position Lifted by Whittier Trust Co.

Key Points

• Whittier Trust Co. increased its stake in Shell PLC Unsponsored ADR by 10.9% during Q2, owning 34,262 shares worth approximately $2.4 million at the close of the reporting period.
• Shell recently disclosed a quarterly dividend of $0.716, translating to an annualized $2.86 and a dividend yield of 3.8%.
• Analysts have given Shell a mix of ratings, with two Strong Buy, eight Buy, and nine Hold recommendations, the average price target stands at $79.41.

Whittier Trust Co. boosted its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 10.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,262 shares of the energy company's stock after purchasing an additional 3,361 shares during the period. Whittier Trust Co.'s holdings in Shell were worth $2,412,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in 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. Charles Schwab Investment Management Inc. grew its position in Shell by 26.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 252,397 shares of the energy company's stock worth $18,496,000 after acquiring an additional 52,541 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Shell by 4.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 19,323 shares of the energy company's stock worth $1,401,000 after acquiring an additional 815 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Shell by 2.7% in the first quarter. PNC Financial Services Group Inc. now owns 908,572 shares of the energy company's stock worth $66,580,000 after acquiring an additional 23,680 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its position in Shell by 30.6% in the first quarter. Kingsview Wealth Management LLC now owns 21,327 shares of the energy company's stock worth $1,563,000 after acquiring an additional 5,002 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SHEL shares. HSBC reaffirmed a "hold" rating and set a $78.30 price objective (down from $78.90) on shares of Shell in a report on Monday, August 4th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Shell in a report on Wednesday, October 8th. Melius Research started coverage on shares of Shell in a report on Wednesday, August 20th. They set a "hold" rating and a $70.00 price objective for the company. Jefferies Financial Group raised shares of Shell to a "strong-buy" rating in a report on Tuesday, October 7th. Finally, Melius initiated coverage on shares of Shell in a report on Wednesday, August 20th. They set a "hold" rating and a $70.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $79.41.

Shell Trading Up 2.5%

Shares of SHEL stock opened at $74.50 on Thursday. Shell PLC Unsponsored ADR has a 52-week low of $58.54 and a 52-week high of $75.08. The stock has a market cap of $216.47 billion, a price-to-earnings ratio of 16.78, a P/E/G ratio of 1.75 and a beta of 0.39. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.32. The firm has a fifty day moving average of $72.53 and a 200-day moving average of $69.80.

Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The energy company reported $1.42 earnings per share (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 company had revenue of $66.44 billion during the quarter, compared to analysts' expectations of $69.31 billion. On average, equities research analysts forecast that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, August 15th were paid a $0.716 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.8%. Shell's dividend payout ratio 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.

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