Shell PLC Unsponsored ADR $SHEL Shares Purchased by Cresset Asset Management LLC

Key Points

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Cresset Asset Management LLC raised its position in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 66.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,330 shares of the energy company's stock after acquiring an additional 24,472 shares during the quarter. Cresset Asset Management LLC's holdings in Shell were worth $4,494,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Kennebec Savings Bank acquired a new stake in Shell in the first quarter valued at approximately $25,000. Avalon Trust Co purchased a new position in shares of Shell during the 1st quarter valued at approximately $25,000. Brown Lisle Cummings Inc. boosted its stake in shares of Shell by 103.4% during the 1st 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 last quarter. Transce3nd LLC purchased a new position in shares of Shell during the 4th quarter valued at approximately $34,000. Finally, Cheviot Value Management LLC purchased a new position in shares of Shell during the 1st quarter valued at approximately $37,000. Institutional investors and hedge funds own 28.60% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. HSBC reaffirmed a "hold" rating and issued a $78.30 price objective (down previously from $78.90) on shares of Shell in a report on Monday, August 4th. Melius Research assumed coverage on shares of Shell in a report on Wednesday. They issued a "hold" rating and a $70.00 price objective for the company. Sanford C. Bernstein downgraded shares of Shell from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. Wells Fargo & Company cut their target price on Shell from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Thursday, June 26th. Finally, Santander cut Shell to a "neutral" rating in a research note on Friday, July 11th. Ten analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Shell presently has an average rating of "Moderate Buy" and a consensus target price of $76.71.

Shell Stock Performance

Shares of SHEL traded up $0.8270 during trading hours on Friday, reaching $73.3170. 2,424,224 shares of the company's stock traded hands, compared to its average volume of 3,664,981. The firm has a market capitalization of $215.42 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 1.92 and a beta of 0.44. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.07. Shell PLC Unsponsored ADR has a twelve month low of $58.54 and a twelve month high of $74.18. The business's fifty day simple moving average is $71.62 and its two-hundred day simple moving average is $68.60.

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

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, August 15th will be issued a dividend of $0.716 per share. 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 payout ratio is presently 64.41%.

Shell declared that its board has initiated a share repurchase program on Friday, May 2nd that permits the company to buyback $3.50 billion in outstanding shares. This buyback authorization permits the energy company to repurchase up to 1.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are 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.