Crestwood Advisors Group LLC Sells 1,090 Shares of Shell PLC Unsponsored ADR $SHEL

by · The Cerbat Gem

Crestwood Advisors Group LLC lessened its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL – Free Report) by 7.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,341 shares of the energy company’s stock after selling 1,090 shares during the period. Crestwood Advisors Group LLC’s holdings in Shell were worth $939,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Avalon Trust Co purchased a new stake in shares of Shell during the 1st quarter valued at about $25,000. Westside Investment Management Inc. purchased a new stake in Shell during the second quarter valued at approximately $25,000. Truvestments Capital LLC boosted its holdings in shares of Shell by 102.9% in the 1st quarter. Truvestments Capital LLC now owns 420 shares of the energy company’s stock worth $31,000 after purchasing an additional 213 shares during the period. Salomon & Ludwin LLC increased its position in shares of Shell by 50.5% during the 2nd 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 last quarter. Finally, Cheviot Value Management LLC bought a new stake in Shell in the first quarter worth $37,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Stock Down 0.5%

NYSE:SHEL opened at $74.22 on Friday. The company’s 50 day moving average is $73.00 and its two-hundred day moving average is $70.80. The company has a market cap of $215.66 billion, a PE ratio of 16.72, a P/E/G ratio of 1.81 and a beta of 0.39. Shell PLC Unsponsored ADR has a twelve month low of $58.54 and a twelve month high of $76.38. 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 – Get Free Report) last announced its quarterly earnings data on Thursday, October 30th. The energy company reported $1.86 earnings per share 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 for the quarter, compared to analyst estimates of $70.50 billion. Analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 EPS for the current year.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, November 14th will be issued a $0.716 dividend. This represents a $2.86 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, November 14th. Shell’s dividend payout ratio is 58.61%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Citigroup reissued a “neutral” rating on shares of Shell in a research note on Monday. BNP Paribas raised shares of Shell to a “strong-buy” rating in a research report on Tuesday, September 23rd. Wolfe Research cut Shell from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, October 8th. Cowen reissued a “buy” rating on shares of Shell in a research note on Friday, October 31st. Finally, Santander downgraded Shell to a “neutral” rating in a research report on Friday, July 11th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $79.61.

Read Our Latest Analysis on Shell

Shell Profile

(Free Report)

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.

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