Shell PLC Unsponsored ADR $SHEL Shares Sold by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC lessened its stake in Shell PLC Unsponsored ADR (NYSE:SHEL) by 7.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 13,341 shares of the energy company’s stock after selling 1,090 shares during the period. Crestwood Advisors Group LLC’s holdings in Shell were worth $939,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in Shell by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 23,272,913 shares of the energy company’s stock valued at $1,705,430,000 after acquiring an additional 451,233 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Shell by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,253,238 shares of the energy company’s stock valued at $531,519,000 after purchasing an additional 352,569 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Shell by 21.2% during the first quarter. Goldman Sachs Group Inc. now owns 6,571,809 shares of the energy company’s stock worth $481,582,000 after buying an additional 1,150,198 shares in the last quarter. Pzena Investment Management LLC grew its position in Shell by 0.4% during the first quarter. Pzena Investment Management LLC now owns 3,592,218 shares of the energy company’s stock valued at $263,238,000 after buying an additional 15,043 shares during the period. Finally, Northern Trust Corp raised its position in shares of Shell by 5.1% in the first quarter. Northern Trust Corp now owns 3,260,245 shares of the energy company’s stock worth $238,911,000 after acquiring an additional 158,915 shares during the period. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SHEL has been the topic of a number of analyst reports. Jefferies Financial Group upgraded Shell to a “strong-buy” rating in a research report on Tuesday, October 7th. Cowen restated a “buy” rating on shares of Shell in a research report on Friday, October 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Shell in a research report on Wednesday, October 8th. Hsbc Global Res lowered shares of Shell from a “strong-buy” rating to a “hold” rating in a report on Monday, August 4th. Finally, Piper Sandler increased their price objective on shares of Shell from $82.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Shell presently has an average rating of “Moderate Buy” and a consensus price target of $79.61.

Shell Stock Down 0.5%

NYSE SHEL opened at $74.22 on Friday. Shell PLC Unsponsored ADR has a one year low of $58.54 and a one year high of $76.38. 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 business has a fifty day moving average price of $73.00 and a 200 day moving average price of $70.80. The company has a market cap of $215.66 billion, a P/E ratio of 16.72, a P/E/G ratio of 1.81 and a beta of 0.39.

Shell (NYSE:SHEL) last released its earnings results on Thursday, October 30th. The energy company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.14. The business had revenue of $68.15 billion during the quarter, compared to analyst estimates of $70.50 billion. Shell had a net margin of 4.93% and a return on equity of 10.67%. Research analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, November 14th. Shell’s payout ratio is currently 58.61%.

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.