5,627 Shares in Shell PLC Unsponsored ADR $SHEL Bought by EntryPoint Capital LLC

Key Points

• EntryPoint Capital LLC purchased 5,627 shares of Shell PLC Unsponsored ADR, valued at approximately $412,000, indicating growing institutional interest in the company.
• Shell recently declared a quarterly dividend of $0.716 per share, which represents an annualized yield of 4.0%, with a payout ratio of 64.41%.
• The company has authorized a $3.50 billion share repurchase plan, suggesting management believes its stock is undervalued.

EntryPoint Capital LLC bought a new position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,627 shares of the energy company's stock, valued at approximately $412,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Venture Visionary Partners LLC raised its position in Shell by 14.8% during the first quarter. Venture Visionary Partners LLC now owns 7,666 shares of the energy company's stock worth $562,000 after acquiring an additional 987 shares in the last quarter. Colonial Trust Advisors raised its position in Shell by 401.2% during the first quarter. Colonial Trust Advisors now owns 3,298 shares of the energy company's stock worth $242,000 after acquiring an additional 2,640 shares in the last quarter. Bank OZK raised its position in Shell by 25.8% during the first quarter. Bank OZK now owns 21,736 shares of the energy company's stock worth $1,593,000 after acquiring an additional 4,455 shares in the last quarter. Quantbot Technologies LP raised its position in Shell by 25.9% during the first quarter. Quantbot Technologies LP now owns 24,251 shares of the energy company's stock worth $1,777,000 after acquiring an additional 4,993 shares in the last quarter. Finally, Qtron Investments LLC raised its position in Shell by 43.3% during the first quarter. Qtron Investments LLC now owns 14,558 shares of the energy company's stock worth $1,067,000 after acquiring an additional 4,401 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Price Performance

NYSE:SHEL opened at $72.0550 on Thursday. Shell PLC Unsponsored ADR has a 52 week low of $58.54 and a 52 week high of $74.18. The firm has a market cap of $211.71 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 1.89 and a beta of 0.44. The firm's 50-day simple moving average is $71.58 and its 200 day simple moving average is $68.51. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.32.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.29. The business had revenue of $66.44 billion for the quarter, compared to analyst estimates of $69.31 billion. Shell had a net margin of 4.93% and a return on equity of 10.67%. As a group, sell-side analysts predict that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell announced that its board has authorized a share repurchase plan on Friday, May 2nd that authorizes the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization authorizes the energy company to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its stock is undervalued.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, August 15th will be paid a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, August 15th. Shell's dividend payout ratio (DPR) is presently 64.41%.

Wall Street Analyst Weigh In

SHEL has been the topic of several analyst reports. Melius initiated coverage on shares of Shell in a research report on Wednesday. They set a "hold" rating and a $70.00 price target on the stock. Hsbc Global Res lowered shares of Shell from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 4th. Wells Fargo & Company dropped their price objective on shares of Shell from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Thursday, June 26th. HSBC reissued a "hold" rating and issued a $78.30 price objective (down from $78.90) on shares of Shell in a research report on Monday, August 4th. Finally, Piper Sandler dropped their price objective on shares of Shell from $84.00 to $82.00 and set an "overweight" rating on the stock in a research report on Monday. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, Shell presently has an average rating of "Moderate Buy" and a consensus target price of $76.71.

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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