Reik & CO. LLC Has $1.86 Million Stock Holdings in Shell PLC Unsponsored ADR $SHEL

Reik & CO. LLC reduced its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL) by 40.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 26,411 shares of the energy company’s stock after selling 17,590 shares during the period. Shell comprises approximately 0.5% of Reik & CO. LLC’s holdings, making the stock its 20th biggest position. Reik & CO. LLC’s holdings in Shell were worth $1,860,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SHEL. Avalon Trust Co bought a new position in Shell during the 1st quarter worth $25,000. Westside Investment Management Inc. bought a new position in shares of Shell during the second quarter worth about $25,000. Truvestments Capital LLC lifted its stake in shares of Shell by 102.9% in the first 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 boosted its holdings in Shell by 50.5% in the second quarter. Salomon & Ludwin LLC now owns 480 shares of the energy company’s stock valued at $35,000 after acquiring an additional 161 shares during the last quarter. Finally, Cheviot Value Management LLC acquired a new stake in Shell during the 1st quarter valued at approximately $37,000. Institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SHEL shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Shell in a research note on Wednesday, October 8th. Wells Fargo & Company initiated coverage on shares of Shell in a research report on Friday, October 17th. They set an “equal weight” rating and a $76.00 price target on the stock. Wolfe Research lowered Shell from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, October 8th. BNP Paribas upgraded Shell to a “strong-buy” rating in a research report on Tuesday, September 23rd. Finally, Hsbc Global Res downgraded Shell from a “strong-buy” rating to a “hold” rating in a report on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Shell currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.61.

Shell Price Performance

SHEL stock opened at $75.54 on Friday. Shell PLC Unsponsored ADR has a 1 year low of $58.54 and a 1 year high of $76.38. The stock has a market capitalization of $219.50 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 1.81 and a beta of 0.39. The company’s 50-day moving average is $73.03 and its 200-day moving average is $70.92. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.07.

Shell (NYSE:SHEL) last announced its quarterly 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. The business had revenue of $68.15 billion for the quarter, compared to analyst estimates of $70.50 billion. Shell had a return on equity of 10.67% and a net margin of 4.93%. Equities research analysts expect that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Dividend Announcement

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

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.