Compound Planning Inc. Boosts Holdings in Shell PLC Unsponsored ADR $SHEL

Key Points

• Compound Planning Inc. increased its holdings in Shell PLC by 54.6% during the first quarter, raising its total investment to approximately $2.82 million with a total of 38,493 shares owned.
• Shell's stock has received a consensus rating of "Moderate Buy" from analysts, with a target price averaging around $76.71.
• Shell has initiated a $3.50 billion share repurchase program and declared a quarterly dividend of $0.716 per share, indicating confidence in the company's valuation.

Compound Planning Inc. grew its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 54.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,493 shares of the energy company's stock after buying an additional 13,602 shares during the quarter. Compound Planning Inc.'s holdings in Shell were worth $2,821,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in shares of Shell by 51.7% during the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock valued at $468,000 after buying an additional 2,545 shares in the last quarter. Barclays PLC raised its position in shares of Shell by 136.2% during the 4th quarter. Barclays PLC now owns 7,824 shares of the energy company's stock valued at $490,000 after buying an additional 4,512 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position 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 valued at $18,496,000 after buying an additional 52,541 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position 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 valued at $1,401,000 after buying an additional 815 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position 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 valued at $66,580,000 after buying an additional 23,680 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company's stock.

Shell Trading Down 0.1%

Shell stock traded down $0.11 during trading hours on Tuesday, reaching $73.71. The stock had a trading volume of 2,616,417 shares, compared to its average volume of 4,635,551. The stock has a market cap of $216.58 billion, a PE ratio of 16.60, a PEG ratio of 1.94 and a beta of 0.44. Shell PLC Unsponsored ADR has a 52 week low of $58.54 and a 52 week high of $74.18. 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 company has a fifty day simple moving average of $71.66 and a 200-day simple moving average of $68.69.

Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.29. The business had revenue of $66.44 billion for the quarter, compared to analyst estimates of $69.31 billion. Shell had a net margin of 4.93% and a return on equity of 10.67%. Analysts forecast that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

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

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, August 15th will be issued 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 64.41%.

Analyst Ratings Changes

Several equities analysts recently commented on SHEL shares. Scotiabank reaffirmed an "outperform" rating on shares of Shell in a report on Friday, July 11th. Sanford C. Bernstein lowered shares of Shell from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. HSBC reaffirmed a "hold" rating and set a $78.30 target price (down previously from $78.90) on shares of Shell in a report on Monday, August 4th. Santander lowered shares of Shell to a "neutral" rating in a report on Friday, July 11th. Finally, Melius started coverage on shares of Shell in a report on Wednesday, August 20th. They set a "hold" rating and a $70.00 target price on the stock. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $76.71.

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.