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

Allied Investment Advisors LLC grew its stake in Shell PLC Unsponsored ADR (NYSE:SHEL) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 185,186 shares of the energy company’s stock after purchasing an additional 3,559 shares during the quarter. Shell makes up approximately 2.3% of Allied Investment Advisors LLC’s holdings, making the stock its 15th biggest holding. Allied Investment Advisors LLC’s holdings in Shell were worth $13,039,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Avalon Trust Co acquired a new stake in Shell during the first quarter worth about $25,000. Truvestments Capital LLC raised its stake in Shell by 102.9% during the first quarter. Truvestments Capital LLC now owns 420 shares of the energy company’s stock worth $31,000 after acquiring an additional 213 shares during the period. Salomon & Ludwin LLC increased its stake in shares of Shell by 50.5% in the second quarter. Salomon & Ludwin LLC now owns 480 shares of the energy company’s stock valued at $35,000 after purchasing an additional 161 shares during the period. Cheviot Value Management LLC acquired a new stake in shares of Shell in the first quarter valued at approximately $37,000. Finally, Greykasell Wealth Strategies Inc. acquired a new stake in shares of Shell in the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SHEL. TD Cowen increased their price objective on shares of Shell from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Hsbc Global Res cut shares of Shell from a “strong-buy” rating to a “hold” rating in a report on Monday, August 4th. Wolfe Research cut shares of Shell from an “outperform” rating to a “peer perform” rating in a report on Wednesday, October 8th. Wells Fargo & Company assumed coverage on shares of Shell in a report on Friday, October 17th. They issued an “equal weight” rating and a $76.00 price objective for the company. Finally, Piper Sandler raised their target price on shares of Shell from $82.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $79.41.

Shell Stock Up 0.2%

SHEL stock opened at $75.85 on Friday. Shell PLC Unsponsored ADR has a 12-month low of $58.54 and a 12-month high of $76.28. The company has a quick ratio of 1.07, a current ratio of 1.32 and a debt-to-equity ratio of 0.36. The company has a market cap of $220.39 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 1.82 and a beta of 0.39. The company has a 50 day moving average of $72.67 and a two-hundred day moving average of $70.01.

Shell (NYSE:SHEL) last released its earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.29. The company had revenue of $66.44 billion during the quarter, compared to the consensus estimate of $69.31 billion. Shell had a net margin of 4.93% and a return on equity of 10.67%. On average, equities analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, August 15th were issued a dividend of $0.716 per share. The ex-dividend date was Friday, August 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.8%. Shell’s dividend payout ratio (DPR) is currently 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.