Shell PLC Unsponsored ADR $SHEL Shares Bought by Allied Investment Advisors LLC

Allied Investment Advisors LLC grew its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 2.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 185,186 shares of the energy company’s stock after acquiring an additional 3,559 shares during the period. Shell comprises about 2.3% of Allied Investment Advisors LLC’s holdings, making the stock its 15th biggest position. Allied Investment Advisors LLC’s holdings in Shell were worth $13,039,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Ethic Inc. raised its position in shares of Shell by 33.8% during the 2nd quarter. Ethic Inc. now owns 9,685 shares of the energy company’s stock worth $687,000 after purchasing an additional 2,445 shares during the last quarter. Schulhoff & Co. Inc. raised its position in shares of Shell by 4.4% during the 2nd quarter. Schulhoff & Co. Inc. now owns 11,602 shares of the energy company’s stock worth $817,000 after purchasing an additional 485 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Shell by 21.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 31,765 shares of the energy company’s stock worth $2,236,000 after purchasing an additional 5,637 shares during the last quarter. Whittier Trust Co. raised its position in shares of Shell by 10.9% during the 2nd quarter. Whittier Trust Co. now owns 34,262 shares of the energy company’s stock worth $2,412,000 after purchasing an additional 3,361 shares during the last quarter. Finally, Salomon & Ludwin LLC raised its position in shares of Shell by 50.5% during the 2nd quarter. Salomon & Ludwin LLC now owns 480 shares of the energy company’s stock worth $35,000 after purchasing an additional 161 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Up 0.2%

Shares of Shell stock opened at $75.85 on Friday. The company has a fifty day moving average price of $72.67 and a 200 day moving average price of $70.01. 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 PLC Unsponsored ADR has a twelve month low of $58.54 and a twelve month high of $76.28. The stock has a market cap of $220.39 billion, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 1.82 and a beta of 0.39.

Shell (NYSE:SHEL) last announced 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. Shell had a net margin of 4.93% and a return on equity of 10.67%. The firm had revenue of $66.44 billion during the quarter, compared to analysts’ expectations of $69.31 billion. Equities research analysts forecast that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Shareholders of record on Friday, August 15th were given a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Friday, August 15th. Shell’s dividend payout ratio is presently 64.41%.

Analysts Set New Price Targets

SHEL has been the subject of several recent analyst reports. Melius initiated coverage on shares of Shell in a research note on Wednesday, August 20th. They issued a “hold” rating and a $70.00 target price for the company. Scotiabank reaffirmed an “outperform” rating on shares of Shell in a research note on Thursday, October 9th. Piper Sandler lifted their target price on shares of Shell from $82.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. BNP Paribas upgraded Shell to a “strong-buy” rating in a report on Tuesday, September 23rd. Finally, Melius Research initiated coverage on Shell in a report on Wednesday, August 20th. They set a “hold” rating and a $70.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Shell presently has an average rating of “Moderate Buy” and a consensus target price of $79.41.

About Shell

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.