Boston Partners Increases Holdings in Shell PLC Unsponsored ADR $SHEL

Key Points

• Boston Partners increased its holdings in Shell PLC Unsponsored ADR by 11.2% during the first quarter, bringing their total to 895,359 shares valued at approximately $65.57 million.
• Several other hedge funds significantly boosted their stakes in Shell, with GQG Partners LLC increasing its holdings by an astonishing 42,743.3%, now owning 2,867,929 shares worth $210.16 million.
• Shell recently announced a quarterly dividend of $0.716 per share and a stock buyback program allowing for the repurchase of up to $3.50 billion worth of shares, indicating management's confidence in the stock's value.

Boston Partners raised its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 11.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 895,359 shares of the energy company's stock after purchasing an additional 89,831 shares during the quarter. Boston Partners' holdings in Shell were worth $65,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. GQG Partners LLC lifted its holdings in Shell by 42,743.3% during the 1st quarter. GQG Partners LLC now owns 2,867,929 shares of the energy company's stock worth $210,162,000 after purchasing an additional 2,861,235 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Shell in the 1st quarter valued at about $180,366,000. Voloridge Investment Management LLC raised its holdings in shares of Shell by 170.3% in the 4th 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. Freestone Grove Partners LP purchased a new stake in shares of Shell in the 4th quarter valued at about $83,204,000. Finally, Deutsche Bank AG raised its holdings in shares of Shell by 2,096.7% in the 1st quarter. Deutsche Bank AG now owns 1,217,115 shares of the energy company's stock valued at $89,190,000 after acquiring an additional 1,161,709 shares in the last quarter. Institutional investors own 28.60% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SHEL. Piper Sandler decreased their price objective on Shell from $84.00 to $82.00 and set an "overweight" rating on the stock in a report on Monday. HSBC reissued a "hold" rating and set a $78.30 price objective (down from $78.90) on shares of Shell in a report on Monday, August 4th. Santander cut Shell to a "neutral" rating in a report on Friday, July 11th. Sanford C. Bernstein cut Shell from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. Finally, Wells Fargo & Company reduced their price target on Shell from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Thursday, June 26th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $78.39.

Shell Stock Down 0.5%

Shares of SHEL traded down $0.33 on Monday, reaching $71.52. The stock had a trading volume of 3,074,479 shares, compared to its average volume of 4,706,779. The firm has a market capitalization of $210.14 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 1.91 and a beta of 0.44. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.32. The company has a 50-day simple moving average of $71.53 and a 200-day simple moving average of $68.46. Shell PLC Unsponsored ADR has a 12-month low of $58.54 and a 12-month high of $74.18.

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

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, August 15th will be paid a dividend of $0.716 per share. The ex-dividend date is Friday, August 15th. This represents a $2.86 dividend on an annualized basis and a yield of 4.0%. Shell's payout ratio is presently 64.41%.

Shell declared that its Board of Directors has initiated a share buyback plan on Friday, May 2nd that authorizes the company to buyback $3.50 billion in shares. This buyback authorization authorizes the energy company to reacquire up to 1.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are undervalued.

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.