Shell PLC Unsponsored ADR Announces Quarterly Dividend of $0.78 (NYSE:SHEL)

Shell PLC Unsponsored ADR (NYSE:SHEL) announced a quarterly dividend on Thursday, October 30th. Stockholders of record on Friday, August 14th will be given a dividend of 0.7812 per share by the energy company on Monday, September 21st. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, August 14th.

Shell has raised its dividend payment by an average of 0.1%annually over the last three years. Shell has a payout ratio of 44.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Shell to earn $9.18 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 34.0%.

Shell Trading Down 0.3%

Shares of NYSE:SHEL traded down $0.27 during mid-day trading on Wednesday, hitting $90.23. The stock had a trading volume of 1,000,279 shares, compared to its average volume of 7,149,586. The company’s 50 day moving average is $84.18 and its 200-day moving average is $84.94. Shell has a 12-month low of $68.63 and a 12-month high of $94.90. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.43. The company has a market cap of $252.95 billion, a PE ratio of 9.96, a P/E/G ratio of 0.59 and a beta of 0.05.

Shell (NYSE:SHEL) last announced its earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.29. The company had revenue of $94.66 billion for the quarter, compared to the consensus estimate of $86.22 billion. Shell had a net margin of 8.55% and a return on equity of 14.34%. On average, sell-side analysts predict that Shell will post 10.42 EPS for the current year.

Institutional Investors Weigh In On Shell

Several large investors have recently made changes to their positions in SHEL. Emerald Investment Advisers LLC raised its position in Shell by 90.6% during the second quarter. Emerald Investment Advisers LLC now owns 26,510 shares of the energy company’s stock valued at $2,056,000 after acquiring an additional 12,599 shares in the last quarter. EP Wealth Advisors LLC grew its position in Shell by 12.3% in the second quarter. EP Wealth Advisors LLC now owns 32,522 shares of the energy company’s stock worth $2,522,000 after acquiring an additional 3,562 shares in the last quarter. Callan Family Office LLC increased its stake in shares of Shell by 1.4% during the 2nd quarter. Callan Family Office LLC now owns 133,184 shares of the energy company’s stock worth $10,327,000 after purchasing an additional 1,793 shares during the last quarter. Keebeck Wealth Management lifted its stake in shares of Shell by 28.1% in the 2nd quarter. Keebeck Wealth Management now owns 4,266 shares of the energy company’s stock valued at $331,000 after purchasing an additional 937 shares during the last quarter. Finally, Greenspring Advisors LLC boosted its holdings in Shell by 7.8% in the second quarter. Greenspring Advisors LLC now owns 10,583 shares of the energy company’s stock worth $821,000 after purchasing an additional 770 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

About Shell

Shell plc (NYSE: SHEL) is a global integrated energy company that operates across the full oil and gas value chain as well as in developing lower-carbon energy solutions. The company traces its roots to the early 20th century merger of Royal Dutch Petroleum and Shell Transport and Trading, and today it is organized to explore for and produce hydrocarbons, process and refine them, manufacture petrochemicals, and market fuel, lubricants and related products under the Shell brand around the world.

Shell’s principal activities include upstream exploration and production of oil and natural gas, integrated gas operations including liquefied natural gas (LNG), and downstream refining, supply and marketing.