Shell PLC Unsponsored ADR $SHEL Shares Sold by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL trimmed its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL) by 7.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,028 shares of the energy company’s stock after selling 750 shares during the period. Birmingham Capital Management Co. Inc. AL’s holdings in Shell were worth $735,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Kennebec Savings Bank purchased a new stake in shares of Shell in the first quarter valued at approximately $25,000. Avalon Trust Co acquired a new stake in shares of Shell during the 1st quarter worth approximately $25,000. Brown Lisle Cummings Inc. raised its position in shares of Shell by 103.4% during the 1st 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% 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. Finally, Cheviot Value Management LLC acquired a new stake in Shell during the first quarter worth $37,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Price Performance

Shares of NYSE SHEL opened at $72.54 on Thursday. Shell PLC Unsponsored ADR has a twelve month low of $58.54 and a twelve month high of $74.21. The company has a current ratio of 1.32, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average of $72.09 and a two-hundred day moving average of $69.15. The stock has a market cap of $213.13 billion, a P/E ratio of 16.34, a P/E/G ratio of 1.89 and a beta of 0.46.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, July 31st. The energy company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.29. The company had revenue of $66.44 billion for the quarter, compared to analysts’ expectations of $69.31 billion. Shell had a net margin of 4.93% and a return on equity of 10.67%. On average, research analysts forecast that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have commented on SHEL. 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. Piper Sandler dropped their target price on Shell from $84.00 to $82.00 and set an “overweight” rating for the company in a research report on Monday, August 18th. Wells Fargo & Company dropped their price target on shares of Shell from $80.00 to $79.00 and set an “overweight” rating for the company in a research note on Thursday, June 26th. Santander cut shares of Shell to a “neutral” rating in a report on Friday, July 11th. Finally, Hsbc Global Res downgraded Shell from a “strong-buy” rating to a “hold” rating in a report on Monday, August 4th. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $76.71.

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.