Cantor Fitzgerald Investment Advisors L.P. Sells 43,244 Shares of Shell PLC Unsponsored ADR (NYSE:SHEL)

Cantor Fitzgerald Investment Advisors L.P. lessened its position in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 13.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 288,216 shares of the energy company's stock after selling 43,244 shares during the period. Shell makes up about 1.5% of Cantor Fitzgerald Investment Advisors L.P.'s investment portfolio, making the stock its 13th biggest holding. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Shell were worth $21,121,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Shell by 51.7% during the fourth 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 in the last quarter. Allspring Global Investments Holdings LLC grew its position in Shell by 14.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 18,508 shares of the energy company's stock valued at $1,197,000 after purchasing an additional 2,327 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in Shell in the fourth quarter valued at $293,000. CIBC Asset Management Inc grew its position in Shell by 2.0% in the fourth quarter. CIBC Asset Management Inc now owns 39,666 shares of the energy company's stock valued at $2,485,000 after purchasing an additional 772 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its position in Shell by 19.3% in the fourth quarter. Atria Wealth Solutions Inc. now owns 44,658 shares of the energy company's stock valued at $2,798,000 after purchasing an additional 7,219 shares in the last quarter. Institutional investors own 28.60% of the company's stock.

Shell Stock Performance

Shares of NYSE SHEL traded down $1.46 during mid-day trading on Monday, reaching $70.94. 7,742,172 shares of the company were exchanged, compared to its average volume of 4,350,247. The company's 50-day simple moving average is $67.14 and its 200-day simple moving average is $66.38. The company has a quick ratio of 1.08, a current ratio of 1.32 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $210.92 billion, a P/E ratio of 16.35, a P/E/G ratio of 1.89 and a beta of 0.39. Shell PLC Unsponsored ADR has a twelve month low of $58.55 and a twelve month high of $74.46.

Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.30. Shell had a net margin of 4.75% and a return on equity of 11.71%. The business had revenue of $69.23 billion during the quarter, compared to analysts' expectations of $79.18 billion. During the same quarter in the previous year, the company earned $2.40 EPS. As a group, research analysts predict that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell announced that its Board of Directors has authorized a stock repurchase program on Friday, May 2nd that allows the company to repurchase $3.50 billion in shares. This repurchase authorization allows the energy company to buy up to 1.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, May 16th will be paid a $0.716 dividend. This represents a $2.86 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Friday, May 16th. Shell's dividend payout ratio (DPR) is 65.90%.

Analysts Set New Price Targets

SHEL has been the subject of a number of analyst reports. Sanford C. Bernstein downgraded shares of Shell from an "outperform" rating to a "market perform" rating in a research report on Monday, June 16th. Barclays reaffirmed an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. Piper Sandler increased their price target on shares of Shell from $72.00 to $80.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. TD Securities reiterated a "buy" rating on shares of Shell in a research note on Friday, April 4th. Finally, Scotiabank cut their price target on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $78.26.

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.