9,418 Shares in Shell PLC Unsponsored ADR (NYSE:SHEL) Purchased by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. purchased 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 and Exchange Commission. The institutional investor purchased 9,418 shares of the energy company's stock, valued at approximately $690,000.

Several other hedge funds have also recently modified their holdings of SHEL. Kornitzer Capital Management Inc. KS raised its holdings in Shell by 0.3% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 443,827 shares of the energy company's stock valued at $32,524,000 after acquiring an additional 1,464 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Shell by 3.9% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 26,128 shares of the energy company's stock worth $1,915,000 after buying an additional 989 shares during the last quarter. Whittier Trust Co. increased its holdings in shares of Shell by 7.1% during the 1st quarter. Whittier Trust Co. now owns 30,901 shares of the energy company's stock worth $2,264,000 after buying an additional 2,042 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Shell by 13.1% during the 1st quarter. SBI Securities Co. Ltd. now owns 61,983 shares of the energy company's stock worth $4,542,000 after buying an additional 7,186 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of Shell by 10.3% during the 1st quarter. Signaturefd LLC now owns 59,039 shares of the energy company's stock worth $4,326,000 after purchasing an additional 5,533 shares during the period. Institutional investors and hedge funds own 28.60% of the company's stock.

Shell Price Performance

Shell stock opened at $70.43 on Wednesday. The stock has a market cap of $209.41 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 1.95 and a beta of 0.40. The company has a fifty day simple moving average of $69.08 and a 200-day simple moving average of $67.33. Shell PLC Unsponsored ADR has a 12-month low of $58.55 and a 12-month high of $74.46. The company has a current ratio of 1.32, a quick ratio of 1.08 and a debt-to-equity ratio of 0.36.

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

Shell announced that its Board of Directors has approved a stock buyback program on Friday, May 2nd that authorizes the company to buyback $3.50 billion in outstanding shares. This buyback authorization authorizes the energy company to purchase up to 1.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, May 16th were paid a dividend of $0.716 per share. The ex-dividend date was Friday, May 16th. This represents a $2.86 annualized dividend and a yield of 4.07%. Shell's dividend payout ratio is currently 65.90%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SHEL. Santander cut shares of Shell to a "neutral" rating in a research report on Friday. Wells Fargo & Company lowered their price objective on shares of Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Thursday, June 26th. Scotiabank reaffirmed an "outperform" rating on shares of Shell in a research report on Friday. TD Securities reissued a "buy" rating on shares of Shell in a research report on Friday, April 4th. Finally, Piper Sandler upped their price objective on Shell from $83.00 to $84.00 and gave the stock an "overweight" rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Shell currently has an average rating of "Moderate Buy" and a consensus price target of $78.69.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.