Yaupon Capital Management LP Buys 168,084 Shares of Shell PLC Unsponsored ADR $SHEL

Key Points

• Yaupon Capital Management LP increased its holdings in Shell PLC Unsponsored ADR by 24.5%, now owning 854,449 shares worth approximately $62.61 million, making Shell its third largest investment.
• Several other institutional investors, including GQG Partners LLC and Nuveen LLC, have significantly increased their shares in Shell, highlighting growing institutional interest.
• Shell recently reported $1.42 EPS for its latest quarter, exceeding expectations, and announced a quarterly dividend of $0.716 per share with a 4.0% yield.

Yaupon Capital Management LP grew its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 24.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 854,449 shares of the energy company's stock after buying an additional 168,084 shares during the quarter. Shell makes up 3.2% of Yaupon Capital Management LP's portfolio, making the stock its 3rd largest position. Yaupon Capital Management LP's holdings in Shell were worth $62,614,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its stake in shares of Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock valued at $468,000 after purchasing an additional 2,545 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Shell by 1.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 14,646 shares of the energy company's stock valued at $918,000 after buying an additional 223 shares during the period. Ameriprise Financial Inc. raised its position in shares of Shell by 27.8% during the fourth quarter. Ameriprise Financial Inc. now owns 567,552 shares of the energy company's stock worth $35,552,000 after acquiring an additional 123,487 shares during the last quarter. First Manhattan CO. LLC. increased its position in Shell by 13.2% in the fourth quarter. First Manhattan CO. LLC. now owns 12,417 shares of the energy company's stock worth $778,000 after purchasing an additional 1,450 shares during the period. Finally, Focus Partners Wealth raised its holdings in Shell by 99.6% during the 4th quarter. Focus Partners Wealth now owns 185,069 shares of the energy company's stock worth $11,641,000 after purchasing an additional 92,364 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on SHEL. Scotiabank restated an "outperform" rating on shares of Shell in a report on Friday, July 11th. Melius Research started coverage on Shell in a research note on Wednesday, August 20th. They set a "hold" rating and a $70.00 price objective for the company. Hsbc Global Res lowered Shell from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 4th. Melius initiated coverage on Shell in a research note on Wednesday, August 20th. They issued a "hold" rating and a $70.00 price target for the company. Finally, Sanford C. Bernstein lowered shares of Shell from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $76.71.

Shell Stock Down 0.9%

SHEL stock traded down $0.63 during mid-day trading on Friday, hitting $71.39. 5,359,895 shares of the company were exchanged, compared to its average volume of 4,581,673. The firm has a market cap of $209.76 billion, a P/E ratio of 16.08, a P/E/G ratio of 1.91 and a beta of 0.46. Shell PLC Unsponsored ADR has a 1-year low of $58.54 and a 1-year high of $74.21. 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's 50 day simple moving average is $72.10 and its 200 day simple moving average is $69.18.

Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The energy company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.29. The company had revenue of $66.44 billion during 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 predict that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, August 15th will be paid a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, August 15th. Shell's dividend payout ratio (DPR) 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.