Flaharty Asset Management LLC Acquires New Shares in Shell PLC Unsponsored ADR $SHEL

Flaharty Asset Management LLC acquired a new stake in Shell PLC Unsponsored ADR (NYSE:SHEL) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,050 shares of the energy company’s stock, valued at approximately $150,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SHEL. Kennebec Savings Bank bought a new stake in Shell in the first quarter valued at about $25,000. Avalon Trust Co acquired a new position in Shell in the first quarter valued at about $25,000. Brown Lisle Cummings Inc. grew its stake 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 acquiring an additional 181 shares during the period. Truvestments Capital LLC grew its stake 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 acquiring an additional 213 shares during the period. Finally, Cheviot Value Management LLC acquired a new position in Shell in the first quarter valued at about $37,000. Institutional investors own 28.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on SHEL. Melius Research assumed coverage on Shell in a research report on Wednesday, August 20th. They set a “hold” rating and a $70.00 price objective for the company. Wells Fargo & Company dropped their price objective on Shell from $80.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday, June 26th. Hsbc Global Res lowered Shell from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 4th. Scotiabank reiterated an “outperform” rating on shares of Shell in a research note on Friday, July 11th. Finally, HSBC reiterated a “hold” rating and set a $78.30 target price (down previously from $78.90) on shares of Shell in a research note on Monday, August 4th. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Shell has an average rating of “Moderate Buy” and a consensus price target of $76.71.

Shell Trading Up 0.2%

Shares of NYSE:SHEL opened at $71.87 on Wednesday. The company has a market capitalization of $211.17 billion, a P/E ratio of 16.19, a P/E/G ratio of 1.88 and a beta of 0.46. Shell PLC Unsponsored ADR has a 1 year low of $58.54 and a 1 year high of $74.21. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.07. The business’s 50 day simple moving average is $72.08 and its 200 day simple moving average is $69.12.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share (EPS) 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 return on equity of 10.67% and a net margin of 4.93%. On average, research analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal 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 issued a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, August 15th. Shell’s dividend payout ratio (DPR) is currently 64.41%.

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.