Bogart Wealth LLC Trims Stock Holdings in Shell PLC Unsponsored ADR (NYSE:SHEL)

Bogart Wealth LLC lessened its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 30.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,910 shares of the energy company's stock after selling 5,158 shares during the quarter. Bogart Wealth LLC's holdings in Shell were worth $873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of SHEL. Kennebec Savings Bank bought a new position in shares of Shell during the 1st quarter worth $25,000. Brown Lisle Cummings Inc. boosted its stake in Shell by 103.4% in 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 during the period. CoreFirst Bank & Trust bought a new position in Shell in the 4th quarter worth about $28,000. Transce3nd LLC bought a new position in Shell in the 4th quarter worth about $34,000. Finally, Millstone Evans Group LLC bought a new position in Shell in the 4th quarter worth about $36,000. Institutional investors own 28.60% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on SHEL. Sanford C. Bernstein downgraded Shell from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Hsbc Global Res raised Shell to a "strong-buy" rating in a report on Tuesday, May 13th. Wells Fargo & Company lowered their price target on Shell from $80.00 to $79.00 and set an "overweight" rating on the stock in a report on Thursday, June 26th. 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. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $78.69.

Shell Trading Up 0.5%

Shares of SHEL traded up $0.33 during mid-day trading on Wednesday, hitting $70.73. 2,455,581 shares of the company's stock traded hands, compared to its average volume of 4,829,343. 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 1 year low of $58.54 and a 1 year high of $74.46. The firm has a market capitalization of $210.31 billion, a P/E ratio of 16.30, a PEG ratio of 1.95 and a beta of 0.40. The business's 50-day moving average price is $69.08 and its 200-day moving average price is $67.33.

Shell (NYSE:SHEL - Get Free Report) last posted 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. Shell had a return on equity of 11.71% and a net margin of 4.75%. The firm had revenue of $69.23 billion for the quarter, compared to analysts' expectations of $79.18 billion. During the same period in the previous year, the firm earned $2.40 earnings per share. As a group, sell-side analysts forecast that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, May 16th were paid a $0.716 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.86 annualized dividend and a yield of 4.05%. Shell's payout ratio is 65.90%.

Shell announced that its Board of Directors has authorized 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 purchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership 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.