Abel Hall LLC Grows Position in Shell PLC Unsponsored ADR (NYSE:SHEL)

Abel Hall LLC raised its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 124.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 10,802 shares of the energy company's stock after acquiring an additional 5,981 shares during the period. Abel Hall LLC's holdings in Shell were worth $792,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. First Wilshire Securities Management Inc. lifted its stake in shares of Shell by 1.6% during the 4th quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company's stock worth $596,000 after buying an additional 153 shares during the last quarter. Titleist Asset Management LLC grew its holdings in shares of Shell by 3.1% during the 4th quarter. Titleist Asset Management LLC now owns 5,526 shares of the energy company's stock valued at $346,000 after purchasing an additional 164 shares during the last quarter. Warther Private Wealth LLC grew its position in shares of Shell by 5.0% in the 1st quarter. Warther Private Wealth LLC now owns 3,433 shares of the energy company's stock valued at $252,000 after buying an additional 165 shares during the last quarter. Harbour Capital Advisors LLC increased its stake in shares of Shell by 2.4% in the first quarter. Harbour Capital Advisors LLC now owns 7,235 shares of the energy company's stock valued at $505,000 after buying an additional 170 shares during the period. Finally, Golden State Equity Partners lifted its position in shares of Shell by 5.1% in the 1st quarter. Golden State Equity Partners now owns 3,562 shares of the energy company's stock worth $261,000 after purchasing an additional 173 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Trading Up 2.4%

Shares of NYSE:SHEL opened at $72.00 on Wednesday. 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 PLC Unsponsored ADR has a 1 year low of $58.55 and a 1 year high of $74.46. The firm has a fifty day moving average price of $69.47 and a 200 day moving average price of $67.57. The stock has a market capitalization of $212.85 billion, a PE ratio of 16.55, a P/E/G ratio of 2.04 and a beta of 0.40.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings data 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 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 quarter last year, the business posted $2.40 earnings per share. Analysts expect that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

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

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, May 16th were given a $0.716 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.86 annualized dividend and a yield of 3.98%. Shell's dividend payout ratio is currently 65.90%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SHEL shares. Piper Sandler raised their price objective on shares of Shell from $83.00 to $84.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Sanford C. Bernstein cut shares of Shell from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. TD Cowen decreased their target price on Shell from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Barclays reiterated an "overweight" rating on shares of Shell in a research note on Wednesday, March 26th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Shell in a report on Friday, July 11th. Three 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 stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $78.69.

About Shell

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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