Schulhoff & Co. Inc. Increases Stock Position in Shell PLC Unsponsored ADR $SHEL

Schulhoff & Co. Inc. boosted its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 4.4% during the second quarter, Holdings Channel reports. The firm owned 11,602 shares of the energy company’s stock after purchasing an additional 485 shares during the quarter. Schulhoff & Co. Inc.’s holdings in Shell were worth $817,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SHEL. Dimensional Fund Advisors LP raised its stake in Shell by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 23,272,913 shares of the energy company’s stock valued at $1,705,430,000 after buying an additional 451,233 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Shell by 5.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,253,238 shares of the energy company’s stock valued at $531,519,000 after buying an additional 352,569 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Shell by 21.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,571,809 shares of the energy company’s stock valued at $481,582,000 after buying an additional 1,150,198 shares during the last quarter. Pzena Investment Management LLC raised its stake in Shell by 0.4% during the 1st quarter. Pzena Investment Management LLC now owns 3,592,218 shares of the energy company’s stock valued at $263,238,000 after buying an additional 15,043 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Shell by 5.1% during the 1st quarter. Northern Trust Corp now owns 3,260,245 shares of the energy company’s stock valued at $238,911,000 after buying an additional 158,915 shares during the last quarter. Institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

SHEL has been the subject of a number of research reports. Melius initiated coverage on shares of Shell in a research note on Wednesday, August 20th. They set a “hold” rating and a $70.00 target price for the company. Wolfe Research downgraded shares of Shell from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, October 8th. Jefferies Financial Group raised shares of Shell to a “strong-buy” rating in a research report on Tuesday, October 7th. Santander downgraded shares of Shell to a “neutral” rating in a research report on Friday, July 11th. Finally, Scotiabank reissued an “outperform” rating on shares of Shell in a research report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Shell has an average rating of “Moderate Buy” and an average price target of $79.41.

Shell Trading Down 0.2%

Shares of Shell stock opened at $72.69 on Wednesday. The company has a market capitalization of $211.22 billion, a P/E ratio of 16.37, a P/E/G ratio of 1.76 and a beta of 0.39. 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 company has a fifty day moving average of $72.50 and a 200 day moving average of $69.77. Shell PLC Unsponsored ADR has a fifty-two week low of $58.54 and a fifty-two week high of $75.08.

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. 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 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 was paid on Monday, September 22nd. Shareholders of record on Friday, August 15th were issued a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, August 15th. Shell’s dividend payout ratio is 64.41%.

About Shell

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.