Arkadios Wealth Advisors Reduces Holdings in Shell PLC Unsponsored ADR $SHEL

Arkadios Wealth Advisors reduced its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 1.2% in the second quarter, Holdings Channel reports. The institutional investor owned 36,565 shares of the energy company’s stock after selling 439 shares during the period. Arkadios Wealth Advisors’ holdings in Shell were worth $2,575,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of SHEL. GQG Partners LLC increased its stake in shares of Shell by 42,743.3% in the 1st quarter. GQG Partners LLC now owns 2,867,929 shares of the energy company’s stock worth $210,162,000 after purchasing an additional 2,861,235 shares in the last quarter. Nuveen LLC purchased a new stake in Shell in the first quarter worth about $180,366,000. Raymond James Financial Inc. raised its stake in shares of Shell by 102.6% in the first 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 during the period. Deutsche Bank AG grew its stake in shares of Shell by 2,096.7% during the 1st quarter. Deutsche Bank AG now owns 1,217,115 shares of the energy company’s stock valued at $89,190,000 after acquiring an additional 1,161,709 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in Shell by 21.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,571,809 shares of the energy company’s stock worth $481,582,000 after acquiring an additional 1,150,198 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SHEL. Hsbc Global Res lowered shares of Shell from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 4th. Piper Sandler increased their price target on Shell from $82.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Scotiabank restated an “outperform” rating on shares of Shell in a research report on Thursday, October 9th. Melius initiated coverage on Shell in a research report on Wednesday, August 20th. They set a “hold” rating and a $70.00 target price for the company. Finally, Santander cut Shell to a “neutral” rating in a report on Friday, July 11th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.41.

Shell Stock Down 1.1%

NYSE SHEL opened at $74.71 on Friday. The stock has a 50 day moving average price of $72.93 and a 200-day moving average price of $70.43. Shell PLC Unsponsored ADR has a one year low of $58.54 and a one year high of $76.38. 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 company has a market capitalization of $217.10 billion, a P/E ratio of 16.83, a P/E/G ratio of 1.81 and a beta of 0.39.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, October 30th. The energy company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.14. Shell had a net margin of 4.93% and a return on equity of 10.67%. The company had revenue of $68.15 billion for the quarter, compared to the consensus estimate of $70.50 billion. As a group, equities analysts predict that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Announces Dividend

The business also recently declared 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 yield of 3.8%. 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.