Shell PLC Unsponsored ADR $SHEL Stake Raised by Bank OZK

Key Points

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Bank OZK boosted its stake in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 25.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,736 shares of the energy company's stock after purchasing an additional 4,455 shares during the period. Bank OZK's holdings in Shell were worth $1,593,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in shares of Shell by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 23,272,913 shares of the energy company's stock valued at $1,705,430,000 after acquiring an additional 451,233 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Shell by 21.2% during the first quarter. Goldman Sachs Group Inc. now owns 6,571,809 shares of the energy company's stock valued at $481,582,000 after acquiring an additional 1,150,198 shares in the last quarter. Pzena Investment Management LLC grew its stake in shares of Shell by 0.4% during the first quarter. Pzena Investment Management LLC now owns 3,592,218 shares of the energy company's stock valued at $263,238,000 after acquiring an additional 15,043 shares in the last quarter. Voloridge Investment Management LLC grew its stake in shares of Shell by 170.3% during the fourth quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock valued at $216,980,000 after acquiring an additional 2,182,253 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Shell by 5.1% during the first quarter. Northern Trust Corp now owns 3,260,245 shares of the energy company's stock valued at $238,911,000 after acquiring an additional 158,915 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SHEL. HSBC restated a "hold" rating and set a $78.30 target price (down from $78.90) on shares of Shell in a research note on Monday, August 4th. Piper Sandler decreased their price target on Shell from $84.00 to $82.00 and set an "overweight" rating for the company in a research note on Monday. Melius Research began coverage on Shell in a research note on Wednesday. They issued a "hold" rating and a $70.00 price target for the company. Hsbc Global Res downgraded Shell from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 4th. Finally, Melius began coverage on Shell in a research note on Wednesday. They issued a "hold" rating and a $70.00 price target for the company. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $76.71.

Shell Stock Performance

NYSE SHEL traded up $0.3950 during trading hours on Thursday, hitting $72.4850. The company had a trading volume of 3,056,185 shares, compared to its average volume of 3,750,621. Shell PLC Unsponsored ADR has a fifty-two week low of $58.54 and a fifty-two week 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. The business has a fifty day simple moving average of $71.60 and a 200-day simple moving average of $68.56. The firm has a market cap of $212.97 billion, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 1.91 and a beta of 0.44.

Shell (NYSE:SHEL - Get Free Report) last issued its earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.29. The firm had revenue of $66.44 billion for the quarter, compared to analyst estimates of $69.31 billion. Shell had a return on equity of 10.67% and a net margin of 4.93%. Equities analysts predict that Shell PLC Unsponsored ADR will post 7.67 EPS for the current year.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, August 15th will be 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 is Friday, August 15th. Shell's payout ratio is 64.41%.

Shell announced that its board has authorized a share buyback plan on Friday, May 2nd that allows the company to buyback $3.50 billion in outstanding shares. This buyback authorization allows the energy company to reacquire up to 1.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is 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.