Jacobi Capital Management LLC Has $425,000 Position in Shell PLC Unsponsored ADR $SHEL

Jacobi Capital Management LLC lowered its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL) by 9.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,795 shares of the energy company’s stock after selling 620 shares during the quarter. Jacobi Capital Management LLC’s holdings in Shell were worth $425,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake 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 purchasing an additional 2,545 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 purchasing an additional 52,541 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Shell by 4.4% during 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 during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Shell by 2.7% during the first quarter. PNC Financial Services Group Inc. now owns 908,572 shares of the energy company’s stock valued at $66,580,000 after acquiring an additional 23,680 shares during the period. Finally, Merit Financial Group LLC lifted its stake in shares of Shell by 100.9% during the first quarter. Merit Financial Group LLC now owns 11,534 shares of the energy company’s stock valued at $845,000 after acquiring an additional 5,794 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Trading Down 0.9%

NYSE SHEL opened at $71.39 on Friday. Shell PLC Unsponsored ADR has a 12 month low of $58.54 and a 12 month high of $74.21. The stock has a 50-day simple moving average of $72.10 and a 200 day simple moving average of $69.21. The company has a market capitalization of $209.76 billion, a PE ratio of 16.08, a P/E/G ratio of 1.89 and a beta of 0.46. The company has a current ratio of 1.32, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL) last announced its quarterly earnings results 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. Shell had a return on equity of 10.67% and a net margin of 4.93%.The company had revenue of $66.44 billion during the quarter, compared to the consensus estimate of $69.31 billion. Research analysts forecast that Shell PLC Unsponsored ADR will post 7.67 EPS for the current year.

Shell Announces Dividend

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

Analyst Ratings Changes

SHEL has been the topic of several research reports. Sanford C. Bernstein lowered Shell from an “outperform” rating to a “market perform” rating in a research note on Monday, June 16th. Melius initiated coverage on Shell in a research note on Wednesday, August 20th. They set a “hold” rating and a $70.00 price target on the stock. Scotiabank reaffirmed an “outperform” rating on shares of Shell in a research note 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 target on the stock. Finally, Wells Fargo & Company dropped their price objective on Shell from $80.00 to $79.00 and set an “overweight” rating for the company in a report on Thursday, June 26th. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.