SCS Capital Management LLC Takes Position in Shell PLC Unsponsored ADR $SHEL

SCS Capital Management LLC acquired a new stake in Shell PLC Unsponsored ADR (NYSE:SHEL) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 43,425 shares of the energy company’s stock, valued at approximately $3,182,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Avalon Trust Co bought a new stake in Shell in the 1st quarter valued at about $25,000. Kennebec Savings Bank bought a new stake in Shell in the 1st quarter valued at about $25,000. Brown Lisle Cummings Inc. increased its position in Shell by 103.4% in 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 in the last quarter. Truvestments Capital LLC increased its position in Shell by 102.9% in the 1st quarter. Truvestments Capital LLC now owns 420 shares of the energy company’s stock valued at $31,000 after buying an additional 213 shares in the last quarter. Finally, Cheviot Value Management LLC bought a new stake in Shell in the 1st quarter valued at about $37,000. 28.60% of the stock is owned by institutional investors.

Shell Price Performance

Shares of NYSE SHEL opened at $71.87 on Wednesday. Shell PLC Unsponsored ADR has a twelve month low of $58.54 and a twelve month high of $74.21. The stock’s 50 day moving average price is $72.08 and its 200-day moving average price is $69.12. The company has a market capitalization of $211.17 billion, a PE ratio of 16.19, a PEG ratio of 1.88 and a beta of 0.46. The company has a quick ratio of 1.07, a current ratio of 1.32 and a debt-to-equity ratio of 0.36.

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

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, August 15th will be paid a $0.716 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.86 annualized dividend and a yield of 4.0%. Shell’s dividend payout ratio is presently 64.41%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wells Fargo & Company decreased their target price on Shell from $80.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday, June 26th. Melius assumed coverage on Shell in a report on Wednesday, August 20th. They set a “hold” rating and a $70.00 price objective for the company. Hsbc Global Res lowered Shell from a “strong-buy” rating to a “hold” rating in a report on Monday, August 4th. Piper Sandler decreased their price objective on Shell from $84.00 to $82.00 and set an “overweight” rating for the company in a report on Monday, August 18th. Finally, Sanford C. Bernstein lowered Shell from an “outperform” rating to a “market perform” rating in a report on Monday, June 16th. Ten analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $76.71.

Shell 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.