Acadian Asset Management LLC Boosts Stock Position in Shell PLC Unsponsored ADR $SHEL

Acadian Asset Management LLC increased its stake in Shell PLC Unsponsored ADR (NYSE:SHEL) by 5.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,301 shares of the energy company’s stock after buying an additional 1,500 shares during the period. Acadian Asset Management LLC’s holdings in Shell were worth $2,000,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SHEL. Avalon Trust Co bought a new position in Shell in the 1st quarter valued at approximately $25,000. Kennebec Savings Bank bought a new position in Shell in the 1st quarter valued at approximately $25,000. Brown Lisle Cummings Inc. lifted 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 in the last quarter. Truvestments Capital LLC lifted 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 acquiring an additional 213 shares in the last quarter. Finally, Cheviot Value Management LLC bought a new position in Shell in the 1st quarter valued at approximately $37,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Up 0.9%

Shares of NYSE:SHEL opened at $72.32 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. Shell PLC Unsponsored ADR has a 12 month low of $58.54 and a 12 month high of $74.21. The company has a 50-day moving average price of $72.16 and a 200 day moving average price of $69.29. The company has a market cap of $211.38 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 1.88 and a beta of 0.46.

Shell (NYSE:SHEL) last announced 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. 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. As a group, equities research analysts predict that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell Announces Dividend

The firm also recently announced 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. This represents a $2.86 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, August 15th. Shell’s payout ratio is 64.41%.

Analysts Set New Price Targets

Several research firms have recently weighed in on SHEL. Sanford C. Bernstein cut Shell from an “outperform” rating to a “market perform” rating in a report on Monday, June 16th. Melius began coverage on Shell in a report on Wednesday, August 20th. They set a “hold” rating and a $70.00 price target on the stock. Piper Sandler reduced their price objective on Shell from $84.00 to $82.00 and set an “overweight” rating for the company in a research note on Monday, August 18th. Hsbc Global Res lowered Shell from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 4th. Finally, Scotiabank restated an “outperform” rating on shares of Shell in a research note on Friday, July 11th. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Shell presently has a consensus rating of “Moderate Buy” and an average price target 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.