Brandywine Global Investment Management LLC Sells 63,333 Shares of Shell PLC Unsponsored ADR $SHEL

Key Points

• Brandywine Global Investment Management LLC reduced its stake in Shell PLC by 7.2%, owning 812,654 shares after selling 63,333 shares in the first quarter.
• Shell declared a quarterly dividend of $0.716 per share, representing an annualized yield of 3.9%, with a dividend payout ratio of 64.41%.
• Shell's recent earnings report showed an EPS of $1.42, exceeding estimates, but revenue of $66.44 billion fell short of expectations.

Brandywine Global Investment Management LLC lessened its stake in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 7.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 812,654 shares of the energy company's stock after selling 63,333 shares during the period. Brandywine Global Investment Management LLC's holdings in Shell were worth $59,551,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Kennebec Savings Bank acquired a new stake in Shell during the 1st quarter valued at $25,000. Avalon Trust Co purchased a new position in shares of Shell in the 1st quarter worth $25,000. Brown Lisle Cummings Inc. raised its position in shares of 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 buying an additional 181 shares during the period. Transce3nd LLC purchased a new position in Shell in the fourth quarter valued at about $34,000. Finally, Cheviot Value Management LLC purchased a new position in Shell in the first quarter valued at about $37,000. Institutional investors and hedge funds own 28.60% of the company's stock.

Shell Stock Performance

SHEL stock traded down $0.33 during mid-day trading on Monday, reaching $71.52. 3,074,479 shares of the stock traded hands, compared to its average volume of 3,908,489. 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 50-day moving average of $71.53 and a two-hundred day moving average of $68.46. Shell PLC Unsponsored ADR has a 52 week low of $58.54 and a 52 week high of $74.18. The firm has a market capitalization of $210.14 billion, a PE ratio of 16.11, a P/E/G 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 EPS for the quarter, topping the consensus estimate of $1.13 by $0.29. The firm 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%. As a group, equities analysts predict that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.86 annualized dividend and a dividend yield of 4.0%. Shell's dividend payout ratio (DPR) is presently 64.41%.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Santander downgraded Shell to a "neutral" rating in a research note on Friday, July 11th. Piper Sandler lowered their price target on Shell from $84.00 to $82.00 and set an "overweight" rating on the stock in a research report on Monday. Sanford C. Bernstein cut Shell from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. Wells Fargo & Company cut their target price on shares of Shell from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Thursday, June 26th. Finally, HSBC reaffirmed a "hold" rating and issued a $78.30 price target (down from $78.90) on shares of Shell in a research note on Monday, August 4th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $78.39.

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.