Cullen Frost Bankers Inc. Sells 1,740 Shares of Shell PLC Unsponsored ADR $SHEL

Cullen Frost Bankers Inc. lowered its position in Shell PLC Unsponsored ADR (NYSE:SHEL) by 3.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 43,905 shares of the energy company’s stock after selling 1,740 shares during the period. Cullen Frost Bankers Inc.’s holdings in Shell were worth $3,091,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Avalon Trust Co bought a new position in Shell in the 1st quarter worth $25,000. Truvestments Capital LLC boosted its holdings in 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 buying an additional 213 shares during the period. Salomon & Ludwin LLC boosted its holdings in Shell by 50.5% in the 2nd quarter. Salomon & Ludwin LLC now owns 480 shares of the energy company’s stock worth $35,000 after buying an additional 161 shares during the period. Cheviot Value Management LLC purchased a new stake in Shell in the 1st quarter worth $37,000. Finally, Greykasell Wealth Strategies Inc. purchased a new stake in Shell in the 1st quarter worth $38,000. Institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

SHEL has been the topic of several research analyst reports. Scotiabank reiterated an “outperform” rating on shares of Shell in a research note on Thursday, October 9th. Melius Research initiated coverage on shares of Shell in a research note on Wednesday, August 20th. They issued a “hold” rating and a $70.00 price target on the stock. TD Cowen boosted their price target on shares of Shell from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Santander cut shares of Shell to a “neutral” rating in a research note on Friday, July 11th. Finally, Melius assumed coverage on shares of Shell in a research note on Wednesday, August 20th. They issued a “hold” rating and a $70.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Shell presently has an average rating of “Moderate Buy” and a consensus price target of $79.41.

Shell Stock Up 1.6%

Shares of NYSE SHEL opened at $75.70 on Friday. The stock has a market capitalization of $219.97 billion, a price-to-earnings ratio of 17.05, a P/E/G ratio of 1.80 and a beta of 0.39. Shell PLC Unsponsored ADR has a 12-month low of $58.54 and a 12-month high of $76.25. The firm’s 50-day moving average price is $72.59 and its 200-day moving average price is $69.89. 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 issued its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 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 the consensus estimate of $69.31 billion. Shell had a net margin of 4.93% and a return on equity of 10.67%. On average, equities research analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 22nd. Investors of record on Friday, August 15th were issued a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a yield of 3.8%. The ex-dividend date was Friday, August 15th. Shell’s dividend payout ratio is presently 64.41%.

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.