Bahl & Gaynor Inc. Sells 4,000 Shares of Shell PLC Unsponsored ADR $SHEL

Bahl & Gaynor Inc. trimmed its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 12.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,050 shares of the energy company’s stock after selling 4,000 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Shell were worth $1,975,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in Shell by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 23,272,913 shares of the energy company’s stock worth $1,705,430,000 after acquiring an additional 451,233 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of 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 purchasing an additional 352,569 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Shell by 21.2% in the first quarter. Goldman Sachs Group Inc. now owns 6,571,809 shares of the energy company’s stock valued at $481,582,000 after buying an additional 1,150,198 shares in the last quarter. Northern Trust Corp raised its holdings 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 valued at $238,911,000 after buying an additional 158,915 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in Shell by 102.6% during the 1st quarter. Raymond James Financial Inc. now owns 2,965,812 shares of the energy company’s stock worth $217,335,000 after buying an additional 1,501,866 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Trading Up 0.0%

SHEL opened at $73.23 on Friday. Shell PLC Unsponsored ADR has a twelve month low of $58.54 and a twelve month high of $77.47. The firm has a market cap of $211.62 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 1.81 and a beta of 0.39. 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 firm’s fifty day moving average is $73.60 and its two-hundred day moving average is $71.61.

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

Shell Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have weighed in on SHEL shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Shell in a research note on Wednesday. Wall Street Zen raised Shell from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Citigroup reissued a “neutral” rating on shares of Shell in a research note on Monday, November 3rd. Scotiabank reaffirmed an “outperform” rating on shares of Shell in a research note on Thursday, October 9th. Finally, Cowen reiterated a “buy” rating on shares of Shell in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.91.

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.