Allworth Financial LP Buys 4,911 Shares of Shell PLC Unsponsored ADR (NYSE:SHEL)

Allworth Financial LP raised its stake in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 16.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,929 shares of the energy company's stock after purchasing an additional 4,911 shares during the period. Allworth Financial LP's holdings in Shell were worth $2,486,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SHEL. Kennebec Savings Bank acquired a new position in shares of Shell in the 1st quarter valued at $25,000. Brown Lisle Cummings Inc. increased its position in shares of Shell by 103.4% during the 1st quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock worth $26,000 after purchasing an additional 181 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of Shell during the 4th quarter worth about $28,000. Transce3nd LLC acquired a new stake in shares of Shell during the 4th quarter worth about $34,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Shell during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 28.60% of the company's stock.

Wall Street Analysts Forecast Growth

SHEL has been the subject of a number of recent analyst reports. TD Securities reiterated a "buy" rating on shares of Shell in a research report on Friday, April 4th. TD Cowen dropped their target price on shares of Shell from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. 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. Royal Bank Of Canada restated an "outperform" rating on shares of Shell in a research report on Wednesday, March 26th. Finally, Piper Sandler restated an "overweight" rating and issued a $83.00 price objective (up previously from $80.00) on shares of Shell in a research report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $78.54.

Shell Stock Up 0.0%

Shares of NYSE SHEL opened at $72.32 on Friday. The firm has a market capitalization of $215.03 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 1.98 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. Shell PLC Unsponsored ADR has a 1 year low of $58.55 and a 1 year high of $74.46. The firm's 50-day moving average is $68.86 and its 200-day moving average is $67.16.

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

Shell declared that its board has authorized a stock repurchase 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 shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Shell Dividend Announcement

The company also recently disclosed 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. This represents a $2.86 annualized dividend and a yield of 3.96%. The ex-dividend date was Friday, May 16th. Shell's payout ratio is 65.90%.

Shell Company 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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