Warther Private Wealth LLC Sells 334 Shares of Shell PLC Unsponsored ADR $SHEL

Warther Private Wealth LLC lessened its stake in Shell PLC Unsponsored ADR (NYSE:SHEL) by 9.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,099 shares of the energy company’s stock after selling 334 shares during the period. Warther Private Wealth LLC’s holdings in Shell were worth $218,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Avalon Trust Co bought a new stake in Shell in the 1st quarter worth approximately $25,000. Truvestments Capital LLC grew its position in Shell by 102.9% in the 1st quarter. Truvestments Capital LLC now owns 420 shares of the energy company’s stock worth $31,000 after purchasing an additional 213 shares during the period. Salomon & Ludwin LLC boosted its stake in shares of Shell by 50.5% during the 2nd quarter. Salomon & Ludwin LLC now owns 480 shares of the energy company’s stock worth $35,000 after acquiring an additional 161 shares during the last quarter. Cheviot Value Management LLC purchased a new position in shares of Shell during the 1st quarter worth $37,000. Finally, Greykasell Wealth Strategies Inc. purchased a new position in shares of Shell during the 1st quarter worth $38,000. Institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

Shares of NYSE SHEL opened at $74.50 on Thursday. 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 market cap of $216.47 billion, a P/E ratio of 16.78, a P/E/G ratio of 1.75 and a beta of 0.39. The firm’s fifty day moving average is $72.53 and its two-hundred day moving average is $69.80. Shell PLC Unsponsored ADR has a 52-week low of $58.54 and a 52-week high of $75.08.

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, beating analysts’ consensus estimates of $1.13 by $0.29. The company had revenue of $66.44 billion for 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%. As a group, analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, August 15th were issued a $0.716 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.8%. Shell’s payout ratio is 64.41%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SHEL shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Shell in a research note on Wednesday, October 8th. Piper Sandler lifted their price target on shares of Shell from $82.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Melius started coverage on shares of Shell in a research note on Wednesday, August 20th. They set a “hold” rating and a $70.00 target price on the stock. HSBC restated a “hold” rating and set a $78.30 target price (down previously from $78.90) on shares of Shell in a research note on Monday, August 4th. Finally, Santander cut shares of Shell to a “neutral” rating in a research note on Friday, July 11th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $79.41.

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.