Whittier Trust Co. of Nevada Inc. Increases Stock Position in Shell PLC Unsponsored ADR $SHEL

Key Points

• Whittier Trust Co. of Nevada Inc. increased its stake in Shell PLC Unsponsored ADR by 21.6%, holding a total of 31,765 shares valued at approximately $2.2 million.
• Shell recently reported earnings of $1.42 per share, surpassing analysts' expectations, with revenues of $66.44 billion for the quarter.
• The company's stock is currently rated with a consensus of "Moderate Buy" and a target price of $79.41 according to market analysts.

Whittier Trust Co. of Nevada Inc. grew its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 21.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,765 shares of the energy company's stock after buying an additional 5,637 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Shell were worth $2,236,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Whittier Trust Co. lifted its holdings in shares of Shell by 10.9% during the 2nd quarter. Whittier Trust Co. now owns 34,262 shares of the energy company's stock valued at $2,412,000 after acquiring an additional 3,361 shares in the last quarter. Salomon & Ludwin LLC lifted its holdings in shares of Shell by 50.5% during the 2nd quarter. Salomon & Ludwin LLC now owns 480 shares of the energy company's stock valued at $35,000 after acquiring an additional 161 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in shares of Shell by 7.4% during the 2nd quarter. Yousif Capital Management LLC now owns 38,919 shares of the energy company's stock valued at $2,740,000 after acquiring an additional 2,665 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Shell during the 2nd quarter valued at $201,000. Finally, Augustine Asset Management Inc. lifted its holdings in shares of Shell by 0.5% during the 2nd quarter. Augustine Asset Management Inc. now owns 105,121 shares of the energy company's stock valued at $7,402,000 after acquiring an additional 496 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company's stock.

Shell Stock Performance

Shares of Shell stock opened at $72.69 on Wednesday. The firm has a market cap of $211.22 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 1.76 and a beta of 0.39. The firm's 50-day simple moving average is $72.50 and its 200-day simple moving average is $69.77. 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 1 year low of $58.54 and a 1 year high of $75.08.

Shell (NYSE:SHEL - Get Free Report) last issued its earnings results 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. The business had revenue of $66.44 billion for the quarter, compared to analyst estimates of $69.31 billion. Shell had a net margin of 4.93% and a return on equity of 10.67%. Equities analysts forecast that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, August 15th were paid a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Friday, August 15th. Shell's dividend payout ratio is 64.41%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Shell in a report on Friday, October 17th. They set an "equal weight" rating and a $76.00 target price on the stock. Wolfe Research lowered shares of Shell from an "outperform" rating to a "peer perform" rating in a report on Wednesday, October 8th. Scotiabank reiterated an "outperform" rating on shares of Shell in a report on Thursday, October 9th. BNP Paribas upgraded shares of Shell to a "strong-buy" rating in a report on Tuesday, September 23rd. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Shell in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Shell has a consensus rating of "Moderate Buy" and a consensus target price of $79.41.

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.

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