Trexquant Investment LP Sells 66,794 Shares of Shell PLC Unsponsored ADR $SHEL

Key Points

• Trexquant Investment LP has reduced its stake in Shell PLC Unsponsored ADR by 40.6%, now holding 97,906 shares valued at approximately $7.17 million after selling 66,794 shares in the first quarter.
• Several other institutional investors have increased their holdings in Shell, with Goldman Sachs Group Inc. raising its stake by 21.2%, now owning over 6.5 million shares valued at nearly $482 million.
• Shell has been rated as a "Moderate Buy" by analysts, with a consensus price target of $76.71, reflecting a mix of Buy and Hold ratings from various research firms.

Trexquant Investment LP cut its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 40.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 97,906 shares of the energy company's stock after selling 66,794 shares during the period. Trexquant Investment LP's holdings in Shell were worth $7,175,000 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. Barclays PLC lifted its stake in shares of Shell by 136.2% in the fourth quarter. Barclays PLC now owns 7,824 shares of the energy company's stock worth $490,000 after buying an additional 4,512 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 buying an additional 52,541 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of 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 buying an additional 815 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Shell by 2.7% during 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 last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Trading Down 0.3%

Shares of NYSE SHEL traded down $0.25 during mid-day trading on Thursday, hitting $72.49. The company's stock had a trading volume of 2,511,615 shares, compared to its average volume of 4,571,557. The stock has a market cap of $212.99 billion, a price-to-earnings ratio of 16.33, a price-to-earnings-growth ratio of 1.96 and a beta of 0.46. The company's fifty day simple moving average is $71.99 and its 200-day simple moving average is $68.99. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.07. Shell PLC Unsponsored ADR has a one year low of $58.54 and a one year high of $74.21.

Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.29. The business 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%. On average, sell-side analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, August 15th will be given a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, August 15th. Shell's payout ratio is 64.41%.

Analyst Ratings Changes

SHEL has been the subject of a number of recent research reports. HSBC restated a "hold" rating and issued a $78.30 price objective (down previously from $78.90) on shares of Shell in a research note on Monday, August 4th. Melius began coverage on shares of Shell in a report on Wednesday, August 20th. They issued a "hold" rating and a $70.00 target price on the stock. Scotiabank reaffirmed an "outperform" rating on shares of Shell in a report on Friday, July 11th. Santander lowered shares of Shell to a "neutral" rating in a report on Friday, July 11th. Finally, Melius Research began coverage on shares of Shell in a report on Wednesday, August 20th. They issued a "hold" rating and a $70.00 target price on the stock. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $76.71.

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.