Shell PLC Unsponsored ADR $SHEL Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lessened its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 32.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,098 shares of the energy company’s stock after selling 8,872 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Shell were worth $1,274,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of SHEL. GQG Partners LLC lifted its stake in Shell by 42,743.3% in the 1st quarter. GQG Partners LLC now owns 2,867,929 shares of the energy company’s stock worth $210,162,000 after purchasing an additional 2,861,235 shares in the last quarter. Nuveen LLC purchased a new position in Shell in the 1st quarter worth approximately $180,366,000. Raymond James Financial Inc. lifted its stake in Shell by 102.6% in the 1st quarter. Raymond James Financial Inc. now owns 2,965,812 shares of the energy company’s stock worth $217,335,000 after purchasing an additional 1,501,866 shares in the last quarter. Deutsche Bank AG lifted its stake in Shell by 2,096.7% in the 1st quarter. Deutsche Bank AG now owns 1,217,115 shares of the energy company’s stock worth $89,190,000 after purchasing an additional 1,161,709 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Shell by 21.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,571,809 shares of the energy company’s stock worth $481,582,000 after purchasing an additional 1,150,198 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SHEL. Wolfe Research lowered shares of Shell from an “outperform” rating to a “peer perform” rating in a research note on Wednesday. BNP Paribas raised shares of Shell to a “strong-buy” rating in a research report on Tuesday, September 23rd. Hsbc Global Res lowered shares of Shell from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 4th. Sanford C. Bernstein lowered shares of Shell from an “outperform” rating to a “market perform” rating in a research report on Monday, June 16th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Shell in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Shell presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.21.

Shell Stock Down 1.1%

Shell stock opened at $74.09 on Thursday. Shell PLC Unsponsored ADR has a fifty-two week low of $58.54 and a fifty-two week high of $75.08. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.32. The firm has a 50 day moving average price of $72.44 and a 200 day moving average price of $69.74. The company has a market capitalization of $216.55 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 1.95 and a beta of 0.39.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.29. Shell had a net margin of 4.93% and a return on equity of 10.67%. The firm had revenue of $66.44 billion during the quarter, compared to the consensus estimate of $69.31 billion. Research analysts expect that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 22nd. Shareholders of record on Friday, August 15th were paid a $0.716 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.86 annualized dividend and a dividend yield of 3.9%. Shell’s payout ratio is 64.41%.

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.