Yousif Capital Management LLC Has $2.28 Million Position in Shell PLC Unsponsored ADR $SHEL

Yousif Capital Management LLC trimmed its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL) by 17.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 31,934 shares of the energy company’s stock after selling 6,985 shares during the quarter. Yousif Capital Management LLC’s holdings in Shell were worth $2,284,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SHEL. Westside Investment Management Inc. bought a new stake in Shell in the second quarter worth $25,000. Truvestments Capital LLC increased its holdings in shares of Shell by 102.9% during the 1st 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 last quarter. Salomon & Ludwin LLC lifted its holdings in Shell by 50.5% in 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. Twin Peaks Wealth Advisors LLC acquired a new stake in Shell in the 2nd quarter worth approximately $67,000. Finally, Heartwood Wealth Advisors LLC bought a new stake in Shell during the third quarter worth approximately $75,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SHEL. Jefferies Financial Group upgraded shares of Shell to a “strong-buy” rating in a research note on Tuesday, October 7th. Citigroup reissued a “neutral” rating on shares of Shell in a research report on Monday, November 3rd. Piper Sandler raised their price target on Shell from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. UBS Group lowered Shell from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 25th. Finally, Wells Fargo & Company initiated coverage on Shell in a report on Friday, October 17th. They issued an “equal weight” rating and a $76.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $79.91.

Shell Stock Down 0.1%

NYSE SHEL opened at $72.78 on Friday. Shell PLC Unsponsored ADR has a twelve month low of $58.54 and a twelve month high of $77.47. The stock has a market cap of $209.25 billion, a PE ratio of 14.91, a PEG ratio of 3.41 and a beta of 0.16. The firm has a 50-day simple moving average of $73.89 and a 200 day simple moving average of $72.67. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, October 30th. The energy company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.14. Shell had a return on equity of 10.49% and a net margin of 5.34%.The firm had revenue of $68.15 billion for the quarter, compared to analyst estimates of $70.50 billion. On average, research analysts forecast that Shell PLC Unsponsored ADR will post 7.67 EPS for the current year.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Friday, November 14th were given a $0.716 dividend. This represents a $2.86 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Friday, November 14th. Shell’s dividend payout ratio (DPR) is 58.61%.

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.