Shell PLC Unsponsored ADR (NYSE:SHEL) Stock Holdings Boosted by Arkadios Wealth Advisors

Arkadios Wealth Advisors boosted its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 131.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,004 shares of the energy company's stock after acquiring an additional 21,016 shares during the period. Arkadios Wealth Advisors' holdings in Shell were worth $2,712,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FMR LLC grew its holdings in Shell by 32.3% in the fourth quarter. FMR LLC now owns 86,417,177 shares of the energy company's stock valued at $5,414,036,000 after purchasing an additional 21,118,234 shares during the period. Pzena Investment Management LLC grew its stake in Shell by 0.4% during the first quarter. Pzena Investment Management LLC now owns 3,592,218 shares of the energy company's stock worth $263,238,000 after buying an additional 15,043 shares during the period. Voloridge Investment Management LLC grew its stake in Shell by 170.3% during the fourth quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock worth $216,980,000 after buying an additional 2,182,253 shares during the period. Northern Trust Corp grew its stake in Shell by 20.1% during the fourth quarter. Northern Trust Corp now owns 3,101,330 shares of the energy company's stock worth $194,298,000 after buying an additional 519,105 shares during the period. Finally, Empyrean Capital Partners LP grew its stake in Shell by 9.5% during the fourth quarter. Empyrean Capital Partners LP now owns 2,300,000 shares of the energy company's stock worth $144,095,000 after buying an additional 200,000 shares during the period. Institutional investors and hedge funds own 28.60% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SHEL shares. Scotiabank reiterated an "outperform" rating on shares of Shell in a research note on Friday, July 11th. Hsbc Global Res upgraded shares of Shell to a "strong-buy" rating in a research note on Tuesday, May 13th. Wells Fargo & Company decreased their target price 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. TD Cowen decreased their target price on shares of Shell from $82.00 to $76.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, TD Securities restated a "buy" rating on shares of Shell in a research note on Friday, April 4th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $78.69.

Shell Stock Down 0.3%

SHEL traded down $0.22 during trading on Friday, hitting $71.99. The company had a trading volume of 5,434,117 shares, compared to its average volume of 3,994,919. The company has a market cap of $212.81 billion, a PE ratio of 16.21, a P/E/G ratio of 2.09 and a beta of 0.44. The business has a 50-day moving average of $70.45 and a 200-day moving average of $67.97. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.08. Shell PLC Unsponsored ADR has a 1-year low of $58.54 and a 1-year high of $74.18.

Shell (NYSE:SHEL - Get Free Report) last issued its earnings results on Thursday, August 7th. The energy company reported $1.42 earnings per share for the quarter, missing analysts' consensus estimates of $1.47 by ($0.05). The business had revenue of $66.44 billion for the quarter, compared to analyst estimates of $69.31 billion. Shell had a return on equity of 10.66% and a net margin of 4.93%. As a group, analysts forecast that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Shareholders 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 4.0%. The ex-dividend date of this dividend was Friday, May 16th. Shell's dividend payout ratio is 65.90%.

Shell declared that its board has approved a stock repurchase 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 stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

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.