Ascent Group LLC Makes New $650,000 Investment in Shell PLC Unsponsored ADR $SHEL

Ascent Group LLC purchased a new position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,869 shares of the energy company’s stock, valued at approximately $650,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kennebec Savings Bank acquired a new stake in Shell during the first quarter valued at $25,000. Avalon Trust Co acquired a new stake in Shell during the first quarter valued at $25,000. Brown Lisle Cummings Inc. grew its position in Shell by 103.4% during the first quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company’s stock valued at $26,000 after buying an additional 181 shares during the period. Truvestments Capital LLC grew its position in Shell by 102.9% during the first quarter. Truvestments Capital LLC now owns 420 shares of the energy company’s stock valued at $31,000 after buying an additional 213 shares during the period. Finally, Cheviot Value Management LLC acquired a new stake in Shell during the first quarter valued at $37,000. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Stock Performance

SHEL opened at $72.54 on Thursday. The firm has a market capitalization of $213.13 billion, a PE ratio of 16.34, a PEG ratio of 1.89 and a beta of 0.46. Shell PLC Unsponsored ADR has a twelve month low of $58.54 and a twelve month high of $74.21. The firm’s 50-day moving average price is $72.09 and its 200 day moving average price is $69.15. 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 posted its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.29. The firm had revenue of $66.44 billion for the quarter, compared to analyst estimates of $69.31 billion. Shell had a net margin of 4.93% and a return on equity of 10.67%. As a group, sell-side analysts expect that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, August 15th will be paid a dividend of $0.716 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.86 dividend on an annualized basis and a yield of 3.9%. Shell’s payout ratio is 64.41%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Santander lowered shares of Shell to a “neutral” rating in a research report on Friday, July 11th. Scotiabank reiterated an “outperform” rating on shares of Shell in a research report on Friday, July 11th. HSBC reiterated a “hold” rating and issued a $78.30 target price (down previously from $78.90) on shares of Shell in a research report on Monday, August 4th. Melius Research started coverage on shares of Shell in a research report on Wednesday, August 20th. They issued a “hold” rating and a $70.00 target price on the stock. Finally, Piper Sandler dropped their target price on shares of Shell from $84.00 to $82.00 and set an “overweight” rating on the stock in a research report on Monday, August 18th. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Shell currently 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.