Addison Capital Co Makes New $217,000 Investment in Shell PLC Unsponsored ADR $SHEL

Addison Capital Co purchased a new position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,957 shares of the energy company’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Avalon Trust Co acquired a new stake in Shell during the 1st quarter worth approximately $25,000. Kennebec Savings Bank acquired a new stake in shares of Shell during the first quarter worth $25,000. Brown Lisle Cummings Inc. increased its holdings in Shell by 103.4% during the 1st quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company’s stock worth $26,000 after purchasing an additional 181 shares in the last quarter. Truvestments Capital LLC raised its stake in shares of 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 purchasing an additional 213 shares during the period. Finally, Cheviot Value Management LLC bought a new stake in shares of Shell in the first quarter valued at about $37,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company dropped their target price on Shell from $80.00 to $79.00 and set an “overweight” rating on the stock in a research report on Thursday, June 26th. Melius Research assumed coverage on shares of Shell in a research report on Wednesday, August 20th. They issued a “hold” rating and a $70.00 price objective on the stock. Scotiabank restated an “outperform” rating on shares of Shell in a report on Friday, July 11th. Hsbc Global Res lowered shares of Shell from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 4th. Finally, Santander downgraded shares of Shell to a “neutral” rating in a research note on Friday, July 11th. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.71.

Shell Stock Performance

Shares of SHEL opened at $72.54 on Thursday. The company has a market cap of $213.13 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.89 and a beta of 0.46. The firm has a 50-day moving average of $72.09 and a 200-day moving average of $69.15. Shell PLC Unsponsored ADR has a one year low of $58.54 and a one year high of $74.21. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.07.

Shell (NYSE:SHEL) last issued its earnings results 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 business had revenue of $66.44 billion during 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%. As a group, equities 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 announced a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, August 15th will be issued a dividend of $0.716 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.9%. Shell’s payout ratio is presently 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.