Shell PLC Unsponsored ADR $SHEL Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC cut its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL) by 0.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 174,516 shares of the energy company’s stock after selling 1,008 shares during the period. Janney Montgomery Scott LLC’s holdings in Shell were worth $12,288,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avalon Trust Co purchased a new stake in Shell in the first quarter valued at approximately $25,000. Kennebec Savings Bank purchased a new stake in Shell in the first quarter valued at approximately $25,000. Brown Lisle Cummings Inc. raised its position in Shell by 103.4% in the first 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 period. Truvestments Capital LLC raised its position in Shell by 102.9% in the first 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 purchased a new stake in Shell in the first quarter valued at approximately $37,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SHEL. Sanford C. Bernstein lowered Shell from an “outperform” rating to a “market perform” rating in a research report on Monday, June 16th. Melius began coverage on Shell in a research report on Wednesday, August 20th. They set a “hold” rating and a $70.00 price objective on the stock. Scotiabank reaffirmed an “outperform” rating on shares of Shell in a research report on Friday, July 11th. Santander lowered Shell to a “neutral” rating in a research report on Friday, July 11th. Finally, HSBC reaffirmed a “hold” rating and set a $78.30 price objective (down previously from $78.90) on shares of Shell in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Shell has an average rating of “Moderate Buy” and an average price target of $76.71.

Shell Stock Up 1.9%

Shell stock opened at $73.16 on Friday. Shell PLC Unsponsored ADR has a fifty-two week low of $58.54 and a fifty-two week high of $74.21. 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 company has a market capitalization of $213.82 billion, a P/E ratio of 16.48, a PEG ratio of 1.86 and a beta of 0.39. The stock has a 50-day simple moving average of $72.32 and a 200-day simple moving average of $69.68.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share 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 the consensus estimate of $69.31 billion. Equities research analysts expect 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 was paid on Monday, September 22nd. Stockholders of record on Friday, August 15th were paid a dividend of $0.716 per share. The ex-dividend date was Friday, August 15th. This represents a $2.86 annualized dividend and a dividend yield of 3.9%. Shell’s dividend payout ratio is 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.