5,000 Shares in Shell PLC Unsponsored ADR (NYSE:SHEL) Purchased by U S Global Investors Inc.

U S Global Investors Inc. purchased a new position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 5,000 shares of the energy company's stock, valued at approximately $366,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SHEL. FMR LLC boosted its holdings in shares of Shell by 32.3% during the fourth quarter. FMR LLC now owns 86,417,177 shares of the energy company's stock worth $5,414,036,000 after acquiring an additional 21,118,234 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Shell by 1.7% during the fourth quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company's stock worth $1,562,412,000 after acquiring an additional 408,088 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Shell by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 7,982,817 shares of the energy company's stock worth $500,123,000 after acquiring an additional 238,705 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Shell by 0.8% during the fourth quarter. Franklin Resources Inc. now owns 6,023,173 shares of the energy company's stock worth $377,352,000 after acquiring an additional 50,228 shares during the period. Finally, Voloridge Investment Management LLC boosted its holdings in shares of Shell by 170.3% during the fourth quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock worth $216,980,000 after acquiring an additional 2,182,253 shares during the period. Institutional investors own 28.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. TD Cowen reduced their price objective on Shell from $82.00 to $76.00 and set a "buy" rating for the company in a 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. Barclays reissued an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. Royal Bank Of Canada reissued an "outperform" rating on shares of Shell in a research report on Wednesday, March 26th. Finally, TD Securities reissued a "buy" rating on shares of Shell in a research report on Friday, April 4th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $78.11.

Shell Stock Down 0.0%

NYSE SHEL opened at $70.98 on Friday. The business has a fifty day moving average price of $67.63 and a two-hundred day moving average price of $66.52. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.08. Shell PLC Unsponsored ADR has a fifty-two week low of $58.55 and a fifty-two week high of $74.46. The stock has a market capitalization of $211.03 billion, a PE ratio of 16.35, a PEG ratio of 1.85 and a beta of 0.39.

Shell (NYSE:SHEL - Get Free Report) last released its earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.30. Shell had a return on equity of 11.71% and a net margin of 4.75%. The firm had revenue of $69.23 billion during the quarter, compared to analysts' expectations of $79.18 billion. During the same period in the prior year, the company earned $2.40 earnings per share. Equities analysts expect that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell declared that its Board of Directors has approved a share buyback plan on Friday, May 2nd that permits the company to repurchase $3.50 billion in shares. This repurchase authorization permits the energy company to purchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Friday, May 16th were paid a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date was Friday, May 16th. Shell's payout ratio is 65.90%.

Shell Profile

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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