Shell PLC Unsponsored ADR (NYSE:SHEL) Shares Bought by Advisors Preferred LLC

Advisors Preferred LLC increased its stake in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 554.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,402 shares of the energy company's stock after buying an additional 8,812 shares during the quarter. Advisors Preferred LLC's holdings in Shell were worth $760,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock worth $468,000 after purchasing an additional 2,545 shares during the last quarter. Barclays PLC lifted its position in shares of Shell by 136.2% during the fourth quarter. Barclays PLC now owns 7,824 shares of the energy company's stock worth $490,000 after purchasing an additional 4,512 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Shell by 4.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 19,323 shares of the energy company's stock worth $1,401,000 after purchasing an additional 815 shares during the last quarter. Merit Financial Group LLC raised its holdings in shares of Shell by 100.9% in the first quarter. Merit Financial Group LLC now owns 11,534 shares of the energy company's stock valued at $845,000 after acquiring an additional 5,794 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its holdings in shares of Shell by 30.6% in the first quarter. Kingsview Wealth Management LLC now owns 21,327 shares of the energy company's stock valued at $1,563,000 after acquiring an additional 5,002 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors.

Shell Stock Down 0.5%

Shares of SHEL stock traded down $0.39 during trading hours on Friday, reaching $71.99. 2,571,744 shares of the company's stock were exchanged, compared to its average volume of 3,823,799. Shell PLC Unsponsored ADR has a 1 year low of $58.54 and a 1 year high of $74.46. The stock has a market cap of $212.82 billion, a PE ratio of 16.59, a PEG ratio of 2.09 and a beta of 0.40. The company has a current ratio of 1.32, a quick ratio of 1.08 and a debt-to-equity ratio of 0.36. The stock's fifty day moving average price is $69.86 and its two-hundred day moving average price is $67.74.

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

Shell announced that its board has approved a share buyback program on Friday, May 2nd that permits the company to buyback $3.50 billion in shares. This buyback authorization permits the energy company to buy up to 1.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, May 16th were issued a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date was Friday, May 16th. Shell's dividend payout ratio (DPR) is 65.90%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SHEL. Scotiabank restated an "outperform" rating on shares of Shell in a report on Friday, July 11th. Wells Fargo & Company decreased their price objective on Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a report on Thursday, June 26th. TD Securities restated a "buy" rating on shares of Shell in a report on Friday, April 4th. Santander downgraded Shell to a "neutral" rating in a report on Friday, July 11th. Finally, Hsbc Global Res upgraded Shell to a "strong-buy" rating in a research note on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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.