Shell PLC Unsponsored ADR $SHEL Shares Sold by Bard Financial Services Inc.

Bard Financial Services Inc. trimmed its position in Shell PLC Unsponsored ADR (NYSE:SHEL) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 65,100 shares of the energy company’s stock after selling 1,000 shares during the period. Bard Financial Services Inc.’s holdings in Shell were worth $4,584,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kennebec Savings Bank purchased a new stake in Shell in the first quarter valued at $25,000. Avalon Trust Co acquired a new stake in shares of 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 acquiring an additional 181 shares during the period. Truvestments Capital LLC increased its position in Shell by 102.9% during the 1st quarter. Truvestments Capital LLC now owns 420 shares of the energy company’s stock worth $31,000 after purchasing an additional 213 shares during the period. Finally, Cheviot Value Management LLC purchased a new position in Shell in the 1st quarter valued at approximately $37,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Piper Sandler decreased their target price on shares of Shell from $84.00 to $82.00 and set an “overweight” rating on the stock in a research report on Monday, August 18th. Sanford C. Bernstein downgraded Shell from an “outperform” rating to a “market perform” rating in a research report on Monday, June 16th. Wells Fargo & Company dropped their target price on shares of Shell from $80.00 to $79.00 and set an “overweight” rating on the stock in a report on Thursday, June 26th. HSBC reissued a “hold” rating and issued a $78.30 price target (down from $78.90) on shares of Shell in a research report on Monday, August 4th. Finally, Hsbc Global Res cut shares of Shell from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 4th. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $76.71.

Shell Stock Down 0.9%

Shares of NYSE:SHEL opened at $71.39 on Monday. The company has a market capitalization of $208.66 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 1.87 and a beta of 0.46. Shell PLC Unsponsored ADR has a 52-week low of $58.54 and a 52-week high of $74.21. The company has a fifty day moving average of $72.10 and a 200-day moving average of $69.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.32.

Shell (NYSE:SHEL) last posted 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. The company had revenue of $66.44 billion for the quarter, compared to analyst estimates of $69.31 billion. Shell had a net margin of 4.93% and a return on equity of 10.67%. On average, equities analysts predict that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, August 15th will be given a dividend of $0.716 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.86 annualized dividend and a yield of 4.0%. Shell’s dividend payout ratio (DPR) is currently 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.