Apexium Financial LP Grows Stock Holdings in Shell PLC Unsponsored ADR $SHEL

Apexium Financial LP increased its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 97.2% during the first quarter, Holdings Channel reports. The institutional investor owned 16,030 shares of the energy company’s stock after acquiring an additional 7,900 shares during the period. Apexium Financial LP’s holdings in Shell were worth $1,175,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SHEL. GQG Partners LLC boosted its holdings in Shell by 42,743.3% during the first quarter. GQG Partners LLC now owns 2,867,929 shares of the energy company’s stock worth $210,162,000 after buying an additional 2,861,235 shares in the last quarter. Nuveen LLC purchased a new stake in Shell during the first quarter worth about $180,366,000. Voloridge Investment Management LLC boosted its holdings in Shell by 170.3% during the fourth quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company’s stock worth $216,980,000 after buying an additional 2,182,253 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Shell by 102.6% during the first quarter. Raymond James Financial Inc. now owns 2,965,812 shares of the energy company’s stock worth $217,335,000 after buying an additional 1,501,866 shares in the last quarter. Finally, Freestone Grove Partners LP purchased a new stake in Shell during the fourth quarter worth about $83,204,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Trading Up 1.1%

Shares of SHEL opened at $73.3170 on Friday. The stock has a fifty day moving average of $71.62 and a two-hundred day moving average of $68.62. 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 capitalization of $215.42 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 1.94 and a beta of 0.44. Shell PLC Unsponsored ADR has a fifty-two week low of $58.54 and a fifty-two week high of $74.18.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share for the quarter, beating 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 return on equity of 10.67% and a net margin of 4.93%. As a group, analysts forecast that Shell PLC Unsponsored ADR will post 7.67 EPS for the current year.

Shell declared that its Board of Directors has approved a stock repurchase program on Friday, May 2nd that authorizes the company to buyback $3.50 billion in shares. This buyback authorization authorizes the energy company to buy up to 1.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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. The ex-dividend date is Friday, August 15th. This represents a $2.86 annualized dividend and a yield of 3.9%. Shell’s payout ratio is 64.41%.

Wall Street Analysts Forecast Growth

SHEL has been the topic of several recent research reports. Wells Fargo & Company reduced their price target on shares of Shell from $80.00 to $79.00 and set an “overweight” rating on the stock in a report on Thursday, June 26th. HSBC reaffirmed a “hold” rating and issued a $78.30 price target (down previously from $78.90) on shares of Shell in a report on Monday, August 4th. Hsbc Global Res downgraded shares of Shell from a “strong-buy” rating to a “hold” rating in a report on Monday, August 4th. Piper Sandler reduced their price target on shares of Shell from $84.00 to $82.00 and set an “overweight” rating on the stock in a report on Monday, August 18th. Finally, Melius Research initiated coverage on shares of Shell in a report on Wednesday. They issued a “hold” rating and a $70.00 price target on the stock. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, 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.