Geneos Wealth Management Inc. Purchases 2,133 Shares of Shell PLC Unsponsored ADR $SHEL

Geneos Wealth Management Inc. lifted its stake in Shell PLC Unsponsored ADR (NYSE:SHEL) by 45.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,800 shares of the energy company’s stock after acquiring an additional 2,133 shares during the period. Geneos Wealth Management Inc.’s holdings in Shell were worth $498,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Sax Wealth Advisors LLC raised its position in shares of Shell by 3.9% in the 1st quarter. Sax Wealth Advisors LLC now owns 4,367 shares of the energy company’s stock worth $320,000 after acquiring an additional 164 shares in the last quarter. Warther Private Wealth LLC grew its stake in Shell by 5.0% during the 1st quarter. Warther Private Wealth LLC now owns 3,433 shares of the energy company’s stock valued at $252,000 after purchasing an additional 165 shares during the last quarter. Harbour Capital Advisors LLC grew its stake in Shell by 2.4% during the 1st quarter. Harbour Capital Advisors LLC now owns 7,235 shares of the energy company’s stock valued at $505,000 after purchasing an additional 170 shares during the last quarter. Golden State Equity Partners grew its stake in Shell by 5.1% during the 1st quarter. Golden State Equity Partners now owns 3,562 shares of the energy company’s stock valued at $261,000 after purchasing an additional 173 shares during the last quarter. Finally, Brown Lisle Cummings Inc. grew its stake in Shell by 103.4% during the 1st quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company’s stock valued at $26,000 after purchasing an additional 181 shares during the last quarter. 28.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SHEL has been the subject of several analyst reports. 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. Wells Fargo & Company reduced their price target on Shell from $80.00 to $79.00 and set an “overweight” rating for the company in a report on Thursday, June 26th. Scotiabank reissued an “outperform” rating on shares of Shell in a report on Friday, July 11th. Melius Research assumed coverage on Shell in a research report on Wednesday, August 20th. They issued a “hold” rating and a $70.00 price target for the company. Finally, Santander lowered Shell to a “neutral” rating in a research report on Friday, July 11th. Ten research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $76.71.

Shell Trading Down 0.9%

SHEL opened at $71.39 on Monday. Shell PLC Unsponsored ADR has a 52 week low of $58.54 and a 52 week high of $74.21. The business has a fifty day simple moving average of $72.10 and a 200-day simple moving average of $69.24. The firm has a market cap of $208.66 billion, a P/E ratio of 16.08, a P/E/G ratio of 1.87 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 released its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.13 by $0.29. Shell had a return on equity of 10.67% and a net margin of 4.93%.The business had revenue of $66.44 billion during the quarter, compared to analyst estimates of $69.31 billion. On average, equities analysts expect that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, August 15th will be given a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, August 15th. Shell’s dividend payout ratio (DPR) is currently 64.41%.

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.