Rathbones Group PLC Has $2.34 Million Stock Position in Shell PLC Unsponsored ADR $SHEL

Rathbones Group PLC reduced its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,165 shares of the energy company’s stock after selling 1,504 shares during the quarter. Rathbones Group PLC’s holdings in Shell were worth $2,335,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Avalon Trust Co bought a new stake in shares of Shell in the first quarter valued at about $25,000. Westside Investment Management Inc. acquired a new position in Shell in the 2nd quarter valued at approximately $25,000. Truvestments Capital LLC lifted its position in shares of 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 acquiring an additional 213 shares during the period. Salomon & Ludwin LLC grew its holdings 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 purchasing an additional 161 shares in the last quarter. Finally, Cheviot Value Management LLC acquired a new position in shares of Shell in the first quarter valued at $37,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Performance

NYSE:SHEL opened at $76.50 on Tuesday. The stock has a market capitalization of $222.29 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 1.81 and a beta of 0.39. Shell PLC Unsponsored ADR has a 1 year low of $58.54 and a 1 year high of $76.68. The firm has a 50 day moving average of $73.09 and a 200-day moving average of $71.04. 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 released its quarterly earnings results on Thursday, October 30th. The energy company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.14. The firm had revenue of $68.15 billion during the quarter, compared to analysts’ expectations of $70.50 billion. Shell had a return on equity of 10.67% and a net margin of 4.93%. As a group, sell-side analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Dividend Announcement

The firm also recently declared 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. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, November 14th. Shell’s payout ratio is currently 58.61%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Shell from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday. Melius began coverage on shares of Shell in a research report on Wednesday, August 20th. They set a “hold” rating and a $70.00 target price on the stock. Scotiabank reissued an “outperform” rating on shares of Shell in a research report on Thursday, October 9th. Wall Street Zen upgraded Shell from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Wolfe Research downgraded Shell from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Shell currently has an average rating of “Moderate Buy” and an average target price of $79.91.

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.