Shell PLC Unsponsored ADR $SHEL Shares Sold by Ameriflex Group Inc.

Ameriflex Group Inc. decreased its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 47.0% during the second quarter, Holdings Channel.com reports. The firm owned 2,253 shares of the energy company’s stock after selling 1,996 shares during the period. Ameriflex Group Inc.’s holdings in Shell were worth $160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in SHEL. Augustine Asset Management Inc. grew its stake in Shell by 0.5% in the 2nd quarter. Augustine Asset Management Inc. now owns 105,121 shares of the energy company’s stock valued at $7,402,000 after acquiring an additional 496 shares during the period. Old Port Advisors grew its stake in Shell by 159.0% in the 2nd quarter. Old Port Advisors now owns 15,370 shares of the energy company’s stock valued at $1,082,000 after acquiring an additional 9,435 shares during the period. TD Private Client Wealth LLC grew its stake in Shell by 14.9% in the 2nd quarter. TD Private Client Wealth LLC now owns 30,442 shares of the energy company’s stock valued at $2,143,000 after acquiring an additional 3,947 shares during the period. AdvisorNet Financial Inc grew its stake in Shell by 21.1% in the 2nd quarter. AdvisorNet Financial Inc now owns 3,105 shares of the energy company’s stock valued at $219,000 after acquiring an additional 541 shares during the period. Finally, GAMMA Investing LLC grew its stake in Shell by 37.4% in the 2nd quarter. GAMMA Investing LLC now owns 7,925 shares of the energy company’s stock valued at $558,000 after acquiring an additional 2,156 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SHEL shares. Melius Research started coverage on shares of Shell in a research note on Wednesday, August 20th. They issued a “hold” rating and a $70.00 price target on the stock. Hsbc Global Res lowered Shell from a “strong-buy” rating to a “hold” rating in a report on Monday, August 4th. Weiss Ratings restated a “hold (c+)” rating on shares of Shell in a report on Saturday, September 27th. Melius started coverage on Shell in a report on Wednesday, August 20th. They set a “hold” rating and a $70.00 price target on the stock. Finally, Sanford C. Bernstein lowered Shell from an “outperform” rating to a “market perform” rating in a report on Monday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $76.71.

Shell Stock Up 1.9%

Shares of SHEL opened at $73.16 on Friday. The firm has a market cap of $213.82 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 1.90 and a beta of 0.39. Shell PLC Unsponsored ADR has a 12-month low of $58.54 and a 12-month high of $74.21. The company’s 50-day moving average price is $72.32 and its 200 day moving average price is $69.67. 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 (NYSE:SHEL) last issued its quarterly earnings data 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. The firm had revenue of $66.44 billion for the quarter, compared to analyst estimates of $69.31 billion. Shell had a net margin of 4.93% and a return on equity of 10.67%. On average, sell-side analysts forecast that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Investors of record on Friday, August 15th were issued a $0.716 dividend. This represents a $2.86 annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, August 15th. Shell’s 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.