Childress Capital Advisors LLC Purchases 5,388 Shares of Shell PLC Unsponsored ADR (NYSE:SHEL)

Childress Capital Advisors LLC lifted its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 75.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,491 shares of the energy company's stock after purchasing an additional 5,388 shares during the quarter. Childress Capital Advisors LLC's holdings in Shell were worth $915,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Kennebec Savings Bank bought a new position in Shell in the first quarter valued at approximately $25,000. CoreFirst Bank & Trust acquired a new stake in shares of Shell during the fourth quarter worth $28,000. Transce3nd LLC acquired a new position in Shell in the 4th quarter worth $34,000. Millstone Evans Group LLC bought a new position in Shell during the 4th quarter worth about $36,000. Finally, Summit Securities Group LLC raised its stake in shares of Shell by 50.0% in the 4th quarter. Summit Securities Group LLC now owns 600 shares of the energy company's stock valued at $38,000 after purchasing an additional 200 shares during the period. Institutional investors own 28.60% of the company's stock.

Analyst Upgrades and Downgrades

SHEL has been the subject of a number of research reports. Barclays reiterated an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. Hsbc Global Res raised shares of Shell to a "strong-buy" rating in a research note on Tuesday, May 13th. TD Securities restated a "buy" rating on shares of Shell in a report on Friday, April 4th. Scotiabank lowered their price target on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Shell in a research note on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $78.26.

Shell Stock Up 0.5%

Shell stock opened at $72.34 on Friday. Shell PLC Unsponsored ADR has a fifty-two week low of $58.55 and a fifty-two week high of $74.46. The firm has a market capitalization of $215.08 billion, a PE ratio of 16.67, a P/E/G ratio of 1.89 and a beta of 0.39. The company's 50-day moving average is $66.97 and its 200-day moving average is $66.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.08.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.30. The firm had revenue of $69.23 billion for the quarter, compared to analyst estimates of $79.18 billion. Shell had a return on equity of 11.71% and a net margin of 4.75%. During the same quarter in the prior year, the company earned $2.40 earnings per share. Sell-side analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell announced that its Board of Directors has approved a stock repurchase program 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 shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, May 16th will be issued a $0.716 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 3.96%. Shell's dividend payout ratio is currently 65.90%.

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.

Want to see what other hedge funds are holding SHEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.