AlphaCore Capital LLC bought a new position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,281 shares of the energy company's stock, valued at approximately $460,000.
Several other hedge funds have also recently bought and sold shares of SHEL. Brighton Jones LLC grew its position in shares of Shell by 51.7% in the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock valued at $468,000 after purchasing an additional 2,545 shares during the last quarter. Barclays PLC grew its position in shares of Shell by 136.2% in the fourth quarter. Barclays PLC now owns 7,824 shares of the energy company's stock valued at $490,000 after purchasing an additional 4,512 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Shell by 4.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 19,323 shares of the energy company's stock valued at $1,401,000 after purchasing an additional 815 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Shell by 2.7% in the first quarter. PNC Financial Services Group Inc. now owns 908,572 shares of the energy company's stock valued at $66,580,000 after purchasing an additional 23,680 shares during the last quarter. Finally, Merit Financial Group LLC lifted its stake 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 buying an additional 5,794 shares during the period. 28.60% of the stock is owned by institutional investors and hedge funds.
Shell Trading Up 0.4%
Shares of NYSE SHEL opened at $71.64 on Friday. The company's fifty day moving average is $71.01 and its 200-day moving average is $68.17. The stock has a market cap of $211.78 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 1.91 and a beta of 0.44. Shell PLC Unsponsored ADR has a twelve month low of $58.54 and a twelve month high of $74.18. The company has a quick ratio of 1.07, a current ratio of 1.32 and a debt-to-equity ratio of 0.36.
Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The energy company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.13 by $0.29. The business had revenue of $66.44 billion for the quarter, compared to analysts' expectations of $69.31 billion. Shell had a net margin of 4.93% and a return on equity of 10.67%. Equities research analysts predict that Shell PLC Unsponsored ADR will post 7.67 EPS for the current year.
Shell announced that its Board of Directors has approved a stock repurchase program on Friday, May 2nd that allows the company to buyback $3.50 billion in outstanding shares. This buyback authorization allows the energy company to repurchase up to 1.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.
Shell Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, August 15th will be given a dividend of $0.716 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.86 annualized dividend and a yield of 4.0%. Shell's payout ratio is 64.41%.
Analyst Ratings Changes
Several research firms recently weighed in on SHEL. Santander cut shares of Shell to a "neutral" rating in a research note on Friday, July 11th. HSBC restated a "hold" rating and set a $78.30 price target (down previously from $78.90) on shares of Shell in a research note on Monday, August 4th. Wells Fargo & Company cut their price target on shares of Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a research note on Thursday, June 26th. Hsbc Global Res cut shares of Shell from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 4th. Finally, Piper Sandler raised their price target on shares of Shell from $83.00 to $84.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.64.
Check Out Our Latest Research Report on SHEL
Shell Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding SHEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report).
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