Shell PLC Unsponsored ADR $SHEL Stock Holdings Boosted by Salomon & Ludwin LLC

Salomon & Ludwin LLC lifted its position in Shell PLC Unsponsored ADR (NYSE:SHEL) by 50.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 480 shares of the energy company’s stock after buying an additional 161 shares during the period. Salomon & Ludwin LLC’s holdings in Shell were worth $35,000 at the end of the most recent reporting period.

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

Shell Stock Up 1.7%

Shell stock opened at $72.56 on Monday. The firm’s 50 day moving average price is $72.46 and its two-hundred day moving average price is $69.69. The firm has a market cap of $210.85 billion, a PE ratio of 16.34, a P/E/G ratio of 1.75 and a beta of 0.39. Shell PLC Unsponsored ADR has a twelve month low of $58.54 and a twelve month high of $75.08. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.32.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.29. The business had revenue of $66.44 billion for 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%. On average, research analysts predict that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 22nd. Investors of record on Friday, August 15th were paid a $0.716 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.86 annualized dividend and a dividend yield of 3.9%. Shell’s payout ratio is presently 64.41%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Scotiabank reaffirmed an “outperform” rating on shares of Shell in a report on Thursday, October 9th. BNP Paribas upgraded shares of Shell to a “strong-buy” rating in a report on Tuesday, September 23rd. Hsbc Global Res lowered shares of Shell from a “strong-buy” rating to a “hold” rating in a report on Monday, August 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Shell in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company began coverage on shares of Shell in a research note on Friday. They set an “equal weight” rating and a $76.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $79.41.

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.