Shell PLC Unsponsored ADR Plans Quarterly Dividend of $0.78 (NYSE:SHEL)

Shell PLC Unsponsored ADR (NYSE:SHEL) announced a quarterly dividend on Thursday, October 30th. Investors of record on Friday, August 14th will be given a dividend of 0.7812 per share by the energy company on Monday, September 21st. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, August 14th.

Shell has increased its dividend payment by an average of 0.1%per year over the last three years. Shell has a payout ratio of 44.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Shell to earn $9.18 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 34.0%.

Shell Stock Down 0.4%

SHEL traded down $0.41 on Wednesday, reaching $90.09. 1,173,602 shares of the company traded hands, compared to its average volume of 7,149,586. The company has a market cap of $252.58 billion, a price-to-earnings ratio of 9.96, a PEG ratio of 0.59 and a beta of 0.05. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.12. The stock’s 50 day moving average price is $84.18 and its 200-day moving average price is $84.94. Shell has a 52-week low of $68.63 and a 52-week high of $94.90.

Shell (NYSE:SHEL) last issued its earnings results on Friday, July 31st. The energy company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.29. Shell had a net margin of 8.55% and a return on equity of 14.34%. The company had revenue of $94.66 billion during the quarter, compared to analyst estimates of $86.22 billion. On average, sell-side analysts expect that Shell will post 10.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SHEL. Kohmann Bosshard Financial Services LLC acquired a new stake in Shell in the 4th quarter worth approximately $26,000. Zions Bancorporation National Association UT grew its holdings in Shell by 186.7% during the fourth quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company’s stock valued at $35,000 after purchasing an additional 308 shares during the last quarter. Nalls Sherbakoff Group LLC bought a new position in shares of Shell in the fourth quarter valued at approximately $36,000. Ares Financial Consulting LLC bought a new stake in shares of Shell during the 4th quarter worth $38,000. Finally, Kilter Group LLC grew its stake in Shell by 83.1% in the 2nd quarter. Kilter Group LLC now owns 498 shares of the energy company’s stock valued at $39,000 after buying an additional 226 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Company Profile

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.