Arkadios Wealth Advisors Sells 439 Shares of Shell PLC Unsponsored ADR $SHEL

Arkadios Wealth Advisors trimmed its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,565 shares of the energy company’s stock after selling 439 shares during the quarter. Arkadios Wealth Advisors’ holdings in Shell were worth $2,575,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Avalon Trust Co purchased a new stake in Shell in the first quarter worth $25,000. Truvestments Capital LLC boosted its holdings in shares of Shell by 102.9% during the 1st quarter. Truvestments Capital LLC now owns 420 shares of the energy company’s stock valued at $31,000 after buying an additional 213 shares in the last quarter. Salomon & Ludwin LLC grew its position in shares of Shell by 50.5% in the 2nd quarter. Salomon & Ludwin LLC now owns 480 shares of the energy company’s stock worth $35,000 after buying an additional 161 shares during the period. Cheviot Value Management LLC purchased a new position in Shell during the 1st quarter valued at about $37,000. Finally, Greykasell Wealth Strategies Inc. bought a new stake in Shell during the first quarter worth about $38,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SHEL shares. Hsbc Global Res lowered shares of Shell from a “strong-buy” rating to a “hold” rating in a report on Monday, August 4th. Wolfe Research cut Shell from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, October 8th. Melius started coverage on Shell in a report on Wednesday, August 20th. They set a “hold” rating and a $70.00 price target for the company. TD Cowen upped their price target on shares of Shell from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Finally, Piper Sandler raised their price objective on shares of Shell from $82.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.41.

Shell Stock Performance

Shares of NYSE SHEL opened at $74.71 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.32 and a debt-to-equity ratio of 0.36. The firm’s 50-day moving average price is $72.93 and its 200-day moving average price is $70.43. Shell PLC Unsponsored ADR has a 52-week low of $58.54 and a 52-week high of $76.38. The company has a market cap of $217.10 billion, a PE ratio of 16.83, a PEG ratio of 1.81 and a beta of 0.39.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, October 30th. The energy company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.14. Shell had a net margin of 4.93% and a return on equity of 10.67%. The company had revenue of $68.15 billion for the quarter, compared to analysts’ expectations of $70.50 billion. As a group, analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 EPS for the current year.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, November 14th will be issued a $0.716 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.86 annualized dividend and a dividend yield of 3.8%. Shell’s payout ratio is presently 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.