Shell PLC Unsponsored ADR $SHEL Holdings Lifted by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC boosted its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 146.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,826 shares of the energy company’s stock after buying an additional 5,836 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Shell were worth $720,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Kennebec Savings Bank purchased a new stake in shares of Shell during the first quarter valued at $25,000. Avalon Trust Co purchased a new stake in shares of Shell during the first quarter valued at $25,000. Brown Lisle Cummings Inc. lifted its holdings in shares of Shell by 103.4% during the first quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company’s stock valued at $26,000 after purchasing an additional 181 shares during the last quarter. Truvestments Capital LLC lifted its holdings in shares of Shell by 102.9% during the first quarter. Truvestments Capital LLC now owns 420 shares of the energy company’s stock valued at $31,000 after purchasing an additional 213 shares during the last quarter. Finally, Cheviot Value Management LLC purchased a new stake in shares of Shell during the first quarter valued at $37,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Stock Performance

Shares of SHEL stock opened at $71.87 on Wednesday. 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 fifty-two week low of $58.54 and a fifty-two week high of $74.21. The stock’s 50-day moving average is $72.08 and its two-hundred day moving average is $69.12. The firm has a market cap of $211.17 billion, a P/E ratio of 16.19, a PEG ratio of 1.88 and a beta of 0.46.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.29. Shell had a return on equity of 10.67% and a net margin of 4.93%.The company had revenue of $66.44 billion for the quarter, compared to analyst estimates of $69.31 billion. Analysts predict that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SHEL. Wells Fargo & Company reduced their target price on Shell from $80.00 to $79.00 and set an “overweight” rating for the company in a report on Thursday, June 26th. Scotiabank reissued an “outperform” rating on shares of Shell in a research note on Friday, July 11th. Melius Research initiated coverage on Shell in a research note on Wednesday, August 20th. They issued a “hold” rating and a $70.00 price objective for the company. Hsbc Global Res downgraded Shell from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 4th. Finally, Sanford C. Bernstein downgraded Shell from an “outperform” rating to a “market perform” rating in a research note on Monday, June 16th. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Shell presently has an average rating of “Moderate Buy” and a consensus target price 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.