Hunter Associates Investment Management LLC Trims Stake in Shell PLC Unsponsored ADR $SHEL

Hunter Associates Investment Management LLC reduced its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 9.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,497 shares of the energy company’s stock after selling 1,600 shares during the period. Hunter Associates Investment Management LLC’s holdings in Shell were worth $1,088,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SHEL. Avalon Trust Co purchased a new position in shares of Shell during the 1st quarter valued at $25,000. Westside Investment Management Inc. purchased a new position in shares of Shell during the 2nd quarter valued at $25,000. Truvestments Capital LLC grew its position 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 purchasing an additional 213 shares in the last quarter. Salomon & Ludwin LLC grew its position in Shell by 50.5% in the second quarter. Salomon & Ludwin LLC now owns 480 shares of the energy company’s stock worth $35,000 after acquiring an additional 161 shares in the last quarter. Finally, Cheviot Value Management LLC purchased a new position in Shell in the first quarter worth $37,000. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Stock Performance

NYSE SHEL opened at $74.88 on Monday. 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 company has a 50-day simple moving average of $72.96 and a two-hundred day simple moving average of $70.62. The firm has a market cap of $217.57 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 1.81 and a beta of 0.39. Shell PLC Unsponsored ADR has a 12-month low of $58.54 and a 12-month high of $76.38.

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

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, November 14th. Shell’s dividend payout ratio is currently 58.61%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Scotiabank reiterated an “outperform” rating on shares of Shell in a research report on Thursday, October 9th. Melius assumed coverage on shares of Shell in a research report on Wednesday, August 20th. They issued a “hold” rating and a $70.00 target price for the company. Jefferies Financial Group upgraded shares of Shell to a “strong-buy” rating in a research report on Tuesday, October 7th. Wolfe Research lowered shares of Shell from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, October 8th. Finally, BNP Paribas upgraded shares of Shell to a “strong-buy” rating in a research report on Tuesday, September 23rd. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.61.

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.