AMG National Trust Bank Makes New $337,000 Investment in Shell PLC Unsponsored ADR (NYSE:SHEL)

AMG National Trust Bank purchased a new stake in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 4,595 shares of the energy company's stock, valued at approximately $337,000.

A number of other large investors have also recently made changes to their positions in SHEL. Brighton Jones LLC increased its holdings in Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock valued at $468,000 after buying an additional 2,545 shares during the period. Barclays PLC lifted its stake 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 buying an additional 4,512 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Shell by 4.4% during 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 period. Merit Financial Group LLC lifted its position in Shell by 100.9% during the first quarter. Merit Financial Group LLC now owns 11,534 shares of the energy company's stock valued at $845,000 after purchasing an additional 5,794 shares during the period. Finally, Voloridge Investment Management LLC raised its position in shares of Shell by 170.3% in the fourth quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock worth $216,980,000 after acquiring an additional 2,182,253 shares during the period. 28.60% of the stock is currently owned by institutional investors.

Shell Trading Up 1.3%

Shares of NYSE SHEL traded up $0.94 during midday trading on Tuesday, reaching $71.26. The company had a trading volume of 4,167,243 shares, compared to its average volume of 4,509,829. The firm's fifty day moving average price is $69.47 and its 200-day moving average price is $67.57. The stock has a market cap of $210.65 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 2.04 and a beta of 0.40. The company has a quick ratio of 1.08, a current ratio of 1.32 and a debt-to-equity ratio of 0.36. Shell PLC Unsponsored ADR has a one year low of $58.55 and a one year high of $74.46.

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

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Friday, May 16th were issued a dividend of $0.716 per share. The ex-dividend date was Friday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 4.02%. Shell's dividend payout ratio is presently 65.90%.

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

Wall Street Analysts Forecast Growth

SHEL has been the topic of a number of research reports. Barclays reiterated an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. Hsbc Global Res raised shares of Shell to a "strong-buy" rating in a research report on Tuesday, May 13th. TD Securities restated a "buy" rating on shares of Shell in a research report on Friday, April 4th. Sanford C. Bernstein lowered shares of Shell from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. Finally, TD Cowen lowered their price target on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $78.69.

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.