44 Wealth Management LLC boosted its position in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 22.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 24,188 shares of the energy company's stock after acquiring an additional 4,494 shares during the period. 44 Wealth Management LLC's holdings in Shell were worth $1,773,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in SHEL. Kennebec Savings Bank bought a new position in Shell in the 1st quarter worth about $25,000. Brown Lisle Cummings Inc. grew its stake in Shell by 103.4% during the first quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock valued at $26,000 after acquiring an additional 181 shares in the last quarter. CoreFirst Bank & Trust purchased a new stake in Shell in the 4th quarter worth approximately $28,000. Transce3nd LLC bought a new position in Shell in the 4th quarter valued at $34,000. Finally, Millstone Evans Group LLC bought a new position in shares of Shell in the fourth quarter worth $36,000. 28.60% of the stock is owned by hedge funds and other institutional investors.
Shell Price Performance
Shares of Shell stock opened at $71.40 on Friday. The stock has a market capitalization of $212.28 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 1.83 and a beta of 0.40. Shell PLC Unsponsored ADR has a one year low of $58.55 and a one year high of $74.46. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.08. The business's 50 day simple moving average is $68.15 and its two-hundred day simple moving average is $66.73.
Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The energy company reported $1.84 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.30. Shell had a net margin of 4.75% and a return on equity of 11.71%. The company had revenue of $69.23 billion during the quarter, compared to analyst estimates of $79.18 billion. During the same period in the prior year, the business posted $2.40 EPS. Analysts forecast that Shell PLC Unsponsored ADR will post 7.67 EPS for the current year.
Shell declared that its board has initiated a share buyback program on Friday, May 2nd that authorizes the company to repurchase $3.50 billion in shares. This repurchase authorization authorizes the energy company to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.
Shell Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 16th were issued a $0.716 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.86 annualized dividend and a yield of 4.01%. Shell's dividend payout ratio (DPR) is presently 65.90%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on SHEL shares. Scotiabank decreased their target price on Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. TD Cowen decreased their price objective on shares of Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Hsbc Global Res upgraded shares of Shell to a "strong-buy" rating in a research report on Tuesday, May 13th. TD Securities reissued a "buy" rating on shares of Shell in a report on Friday, April 4th. Finally, Wells Fargo & Company dropped their price objective on shares of Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a report on Thursday, June 26th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Shell currently has a consensus rating of "Buy" and a consensus price target of $78.54.
Check Out Our Latest Analysis on Shell
Shell Company 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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