CWA Asset Management Group LLC Has $1.76 Million Holdings in Shell PLC Unsponsored ADR (NYSE:SHEL)

CWA Asset Management Group LLC grew its position in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 32.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,028 shares of the energy company's stock after buying an additional 5,895 shares during the period. CWA Asset Management Group LLC's holdings in Shell were worth $1,761,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHEL. Brighton Jones LLC lifted its holdings in Shell by 51.7% during the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock worth $468,000 after buying an additional 2,545 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Shell by 14.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 18,508 shares of the energy company's stock valued at $1,197,000 after buying an additional 2,327 shares during the period. Nations Financial Group Inc. IA ADV boosted its position in shares of Shell by 8.4% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 3,477 shares of the energy company's stock worth $218,000 after purchasing an additional 268 shares in the last quarter. Principal Securities Inc. increased its holdings in shares of Shell by 18.5% in the 4th quarter. Principal Securities Inc. now owns 21,288 shares of the energy company's stock valued at $1,334,000 after purchasing an additional 3,331 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of Shell by 13.0% during the 4th quarter. Allworth Financial LP now owns 29,018 shares of the energy company's stock valued at $1,914,000 after acquiring an additional 3,330 shares during the period. Institutional investors and hedge funds own 28.60% of the company's stock.

Analyst Upgrades and Downgrades

SHEL has been the subject of several analyst reports. Piper Sandler boosted their target price 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 restated a "buy" rating on shares of Shell in a research report on Friday, April 4th. TD Cowen reduced their price target on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Barclays reiterated an "overweight" rating on shares of Shell in a research note on Wednesday, March 26th. Finally, Scotiabank cut their price objective on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Shell presently has an average rating of "Buy" and a consensus target price of $78.26.

Shell Stock Performance

Shares of SHEL traded up $0.62 during mid-day trading on Friday, reaching $72.62. 1,953,217 shares of the company's stock traded hands, compared to its average volume of 4,311,167. The stock has a market capitalization of $215.90 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 1.88 and a beta of 0.39. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.08 and a current ratio of 1.32. Shell PLC Unsponsored ADR has a 12 month low of $58.55 and a 12 month high of $74.46. The business's 50-day moving average price is $66.76 and its 200-day moving average price is $66.25.

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

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, May 16th will be paid a $0.716 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 3.94%. Shell's dividend payout ratio is currently 65.90%.

Shell announced that its board has initiated a share buyback plan 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 plans are usually a sign that the company's leadership believes its shares are undervalued.

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.