Wellington Shields Capital Management LLC Sells 4,550 Shares of Shell PLC Unsponsored ADR $SHEL

Wellington Shields Capital Management LLC decreased its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL) by 16.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 23,475 shares of the energy company’s stock after selling 4,550 shares during the period. Wellington Shields Capital Management LLC’s holdings in Shell were worth $1,653,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Westside Investment Management Inc. acquired a new stake in shares of Shell in the second quarter valued at about $25,000. Adell Harriman & Carpenter Inc. increased its position in Shell by 2.7% during the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 144,033 shares of the energy company’s stock valued at $10,141,000 after purchasing an additional 3,719 shares during the period. Rossby Financial LCC raised its holdings in Shell by 394.9% during the 2nd quarter. Rossby Financial LCC now owns 1,460 shares of the energy company’s stock worth $103,000 after purchasing an additional 1,165 shares during the last quarter. Transcend Capital Advisors LLC boosted its stake in shares of Shell by 18.7% in the 2nd quarter. Transcend Capital Advisors LLC now owns 9,985 shares of the energy company’s stock valued at $703,000 after purchasing an additional 1,575 shares during the last quarter. Finally, Sentinel Trust Co. LBA raised its stake in Shell by 0.8% during the second quarter. Sentinel Trust Co. LBA now owns 27,750 shares of the energy company’s stock worth $1,954,000 after buying an additional 230 shares during the last quarter. 28.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on SHEL shares. Melius Research started coverage on Shell in a report on Wednesday, August 20th. They set a “hold” rating and a $70.00 price target for the company. Jefferies Financial Group raised Shell to a “strong-buy” rating in a research note on Tuesday, October 7th. Cowen reissued a “buy” rating on shares of Shell in a research note on Friday. Piper Sandler raised their price objective on shares of Shell from $82.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Finally, Hsbc Global Res downgraded shares of Shell from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Shell has a consensus rating of “Moderate Buy” and a consensus target price of $79.61.

Shell Stock Performance

Shares of SHEL stock opened at $74.88 on Monday. Shell PLC Unsponsored ADR has a 12 month low of $58.54 and a 12 month high of $76.38. The firm has a market capitalization of $217.57 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 1.81 and a beta of 0.39. The firm has a fifty day simple moving average of $72.96 and a two-hundred day simple moving average of $70.62. 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 (NYSE:SHEL) last issued its quarterly earnings data 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 firm had revenue of $68.15 billion during the quarter, compared to analysts’ expectations of $70.50 billion. Analysts forecast that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, November 14th will be paid a $0.716 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.86 annualized dividend and a dividend yield of 3.8%. Shell’s dividend payout ratio is 58.61%.

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.