Chevy Chase Trust Holdings LLC Cuts Stake in Shell PLC Unsponsored ADR (NYSE:SHEL)

Chevy Chase Trust Holdings LLC lowered its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,714,823 shares of the energy company's stock after selling 33,663 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.06% of Shell worth $125,662,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. First Wilshire Securities Management Inc. boosted its stake in Shell by 1.6% in the fourth quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company's stock valued at $596,000 after acquiring an additional 153 shares during the last quarter. Titleist Asset Management LLC lifted its stake in Shell by 3.1% in the fourth quarter. Titleist Asset Management LLC now owns 5,526 shares of the energy company's stock valued at $346,000 after purchasing an additional 164 shares during the last quarter. Warther Private Wealth LLC grew its holdings in Shell by 5.0% during the first quarter. Warther Private Wealth LLC now owns 3,433 shares of the energy company's stock valued at $252,000 after purchasing an additional 165 shares during the period. Brown Lisle Cummings Inc. raised its stake in shares of Shell by 103.4% in the first quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock valued at $26,000 after buying an additional 181 shares during the period. Finally, Denali Advisors LLC lifted its position in shares of Shell by 1.1% during the 4th quarter. Denali Advisors LLC now owns 17,001 shares of the energy company's stock valued at $1,065,000 after buying an additional 182 shares during the last quarter. 28.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. TD Cowen cut their target price on shares of Shell from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Piper Sandler raised their price objective on shares of Shell from $72.00 to $80.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Hsbc Global Res upgraded Shell to a "strong-buy" rating in a research report on Tuesday, May 13th. Barclays reiterated an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. Finally, TD Securities reissued a "buy" rating on shares of Shell in a report on Friday, April 4th. Two equities 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 stock. According to MarketBeat.com, Shell currently has a consensus rating of "Buy" and an average price target of $78.26.

Shell Price Performance

Shares of SHEL stock traded down $0.69 during trading on Wednesday, hitting $69.45. The company had a trading volume of 24,488,185 shares, compared to its average volume of 4,442,153. The stock's 50-day moving average is $67.29 and its two-hundred day moving average is $66.41. The stock has a market capitalization of $206.49 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 1.85 and a beta of 0.39. 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 52 week low of $58.55 and a 52 week high of $74.46.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, beating 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 firm had revenue of $69.23 billion for the quarter, compared to analysts' expectations of $79.18 billion. During the same quarter last year, the company posted $2.40 EPS. As a group, analysts predict that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Friday, May 16th were issued a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was Friday, May 16th. Shell's payout ratio is currently 65.90%.

Shell announced that its board has authorized a share buyback program on Friday, May 2nd that permits the company to repurchase $3.50 billion in shares. This repurchase authorization permits the energy company to buy up to 1.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

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.