Shell PLC Unsponsored ADR (SHEL) To Go Ex-Dividend on February 20th

Shell PLC Unsponsored ADR (NYSE:SHEL) announced a quarterly dividend on Thursday, October 30th. Investors of record on Friday, February 20th will be given a dividend of 0.744 per share by the energy company on Monday, March 30th. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, February 20th. This is a 3.9% increase from Shell’s previous quarterly dividend of $0.72.

Shell has raised its dividend payment by an average of 0.1%per year over the last three years. Shell has a dividend payout ratio of 42.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Shell to earn $7.97 per share next year, which means the company should continue to be able to cover its $2.97 annual dividend with an expected future payout ratio of 37.3%.

Shell Price Performance

SHEL traded up $1.44 on Wednesday, reaching $79.38. The company had a trading volume of 1,583,471 shares, compared to its average volume of 6,340,521. Shell has a one year low of $58.54 and a one year high of $80.25. The company has a market capitalization of $225.72 billion, a P/E ratio of 13.21, a PEG ratio of 5.81 and a beta of 0.16. The company has a fifty day moving average of $74.28 and a 200-day moving average of $73.60. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 0.38.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, February 5th. The energy company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.64). Shell had a return on equity of 10.34% and a net margin of 6.52%.The company had revenue of $64.09 billion during the quarter, compared to analyst estimates of $65.82 billion. As a group, equities research analysts anticipate that Shell will post 7.67 earnings per share for the current year.

Institutional Investors Weigh In On Shell

Several hedge funds have recently made changes to their positions in SHEL. IHT Wealth Management LLC grew its position in Shell by 9.7% during the 4th quarter. IHT Wealth Management LLC now owns 13,630 shares of the energy company’s stock worth $1,002,000 after purchasing an additional 1,201 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Shell by 6.2% in the fourth quarter. Advisory Services Network LLC now owns 39,670 shares of the energy company’s stock worth $2,915,000 after buying an additional 2,299 shares during the period. Captrust Financial Advisors raised its position in Shell by 30.4% during the fourth quarter. Captrust Financial Advisors now owns 180,630 shares of the energy company’s stock valued at $13,273,000 after buying an additional 42,129 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in Shell in the 4th quarter worth about $248,000. Finally, Arkadios Wealth Advisors grew its stake in Shell by 11.4% during the 4th quarter. Arkadios Wealth Advisors now owns 42,598 shares of the energy company’s stock valued at $3,130,000 after acquiring an additional 4,347 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

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.