Shell PLC Unsponsored ADR $SHEL Shares Sold by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC has reduced its stake in Shell PLC Unsponsored ADR by 53.6%, selling 34,245 shares and now holding a total of 29,655 shares valued at approximately $2,173,000.
• Shell recently announced a quarterly dividend of $0.716 per share, which will be paid on September 22nd, representing an annualized yield of 3.9%.
• The company's latest earnings report showed an EPS of $1.42, exceeding analysts' expectations, although their revenue of $66.44 billion fell short of estimates.

Campbell & CO Investment Adviser LLC decreased its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 53.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,655 shares of the energy company's stock after selling 34,245 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in Shell were worth $2,173,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in Shell by 51.7% during the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock worth $468,000 after acquiring an additional 2,545 shares during the period. Barclays PLC raised its stake in shares of Shell by 136.2% during the 4th quarter. Barclays PLC now owns 7,824 shares of the energy company's stock worth $490,000 after buying an additional 4,512 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Shell by 26.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 252,397 shares of the energy company's stock worth $18,496,000 after buying an additional 52,541 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Shell by 4.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 19,323 shares of the energy company's stock worth $1,401,000 after buying an additional 815 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Shell by 2.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 908,572 shares of the energy company's stock worth $66,580,000 after buying an additional 23,680 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Price Performance

Shell stock traded up $0.28 during mid-day trading on Thursday, hitting $73.99. 1,964,367 shares of the company were exchanged, compared to its average volume of 4,608,219. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.07. The business's 50 day simple moving average is $71.73 and its two-hundred day simple moving average is $68.76. The company has a market capitalization of $217.40 billion, a P/E ratio of 16.66, a PEG ratio of 1.95 and a beta of 0.44. 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 quarterly 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. Shell had a return on equity of 10.67% and a net margin of 4.93%.The company had revenue of $66.44 billion during the quarter, compared to the consensus estimate of $69.31 billion. Analysts forecast that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell announced that its Board of Directors has initiated a share repurchase program on Friday, May 2nd that allows the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization allows the energy company to purchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, August 15th will be paid a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, August 15th. Shell's dividend payout ratio (DPR) is presently 64.41%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SHEL. Santander downgraded Shell to a "neutral" rating in a research note on Friday, July 11th. Melius assumed coverage on Shell in a research note on Wednesday, August 20th. They issued a "hold" rating and a $70.00 price objective for the company. Wells Fargo & Company dropped their price objective on Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a research note on Thursday, June 26th. Melius Research assumed coverage on Shell in a research note on Wednesday, August 20th. They issued a "hold" rating and a $70.00 price objective for the company. Finally, Piper Sandler dropped their price objective on Shell from $84.00 to $82.00 and set an "overweight" rating for the company in a research note on Monday, August 18th. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $76.71.

Shell 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.