Wedge Capital Management L L P NC Has $12.72 Million Stake in Shell PLC Unsponsored ADR $SHEL

Wedge Capital Management L L P NC lessened its stake in Shell PLC Unsponsored ADR (NYSE:SHEL) by 12.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 177,837 shares of the energy company’s stock after selling 25,373 shares during the period. Wedge Capital Management L L P NC’s holdings in Shell were worth $12,721,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Shell by 51.7% in the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock valued at $468,000 after purchasing an additional 2,545 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Shell by 2.2% in the 1st quarter. Ameriprise Financial Inc. now owns 580,143 shares of the energy company’s stock valued at $42,510,000 after buying an additional 12,591 shares in the last quarter. Sax Wealth Advisors LLC boosted its position in shares of Shell by 3.9% during the 1st quarter. Sax Wealth Advisors LLC now owns 4,367 shares of the energy company’s stock valued at $320,000 after acquiring an additional 164 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Shell by 7.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 270,481 shares of the energy company’s stock worth $19,821,000 after purchasing an additional 18,707 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Shell by 29.3% during the first quarter. Smartleaf Asset Management LLC now owns 17,388 shares of the energy company’s stock worth $1,265,000 after purchasing an additional 3,941 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Price Performance

Shares of SHEL stock opened at $72.02 on Monday. Shell PLC Unsponsored ADR has a 1 year low of $58.54 and a 1 year high of $77.47. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The firm’s 50 day moving average is $73.80 and its 200-day moving average is $72.54. The firm has a market capitalization of $207.06 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 3.38 and a beta of 0.16.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, October 30th. The energy company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.14. The firm had revenue of $68.15 billion during the quarter, compared to analysts’ expectations of $70.50 billion. Shell had a net margin of 5.34% and a return on equity of 10.49%. Sell-side analysts forecast 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 was paid on Thursday, December 18th. Stockholders of record on Friday, November 14th were paid a $0.716 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, November 14th. Shell’s dividend payout ratio (DPR) is 58.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Bank of America cut Shell from a “buy” rating to a “neutral” rating in a report on Friday, December 5th. UBS Group cut Shell from a “buy” rating to a “neutral” rating in a report on Tuesday, November 25th. Wells Fargo & Company initiated coverage on shares of Shell in a report on Friday, October 17th. They issued an “equal weight” rating and a $76.00 target price on the stock. BNP Paribas upgraded shares of Shell to a “strong-buy” rating in a research report on Tuesday, September 23rd. Finally, Jefferies Financial Group upgraded shares of Shell to a “strong-buy” rating in a research note on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $79.91.

About Shell

Shell plc (NYSE: SHEL) is a global integrated energy company that operates across the full oil and gas value chain as well as in developing lower-carbon energy solutions. The company traces its roots to the early 20th century merger of Royal Dutch Petroleum and Shell Transport and Trading, and today it is organized to explore for and produce hydrocarbons, process and refine them, manufacture petrochemicals, and market fuel, lubricants and related products under the Shell brand around the world.

Shell’s principal activities include upstream exploration and production of oil and natural gas, integrated gas operations including liquefied natural gas (LNG), and downstream refining, supply and marketing.