D.A. Davidson & CO. Acquires 6,234 Shares of Shell PLC Unsponsored ADR (NYSE:SHEL)

D.A. Davidson & CO. increased its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 3.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,646 shares of the energy company's stock after buying an additional 6,234 shares during the quarter. D.A. Davidson & CO.'s holdings in Shell were worth $13,604,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Kennebec Savings Bank purchased a new stake in shares of Shell during the first quarter worth $25,000. Brown Lisle Cummings Inc. increased its position in Shell by 103.4% in the 1st quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock worth $26,000 after purchasing an additional 181 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of Shell during the 4th quarter valued at about $28,000. Transce3nd LLC bought a new stake in shares of Shell in the 4th quarter valued at approximately $34,000. Finally, Millstone Evans Group LLC acquired a new position in Shell in the fourth quarter worth approximately $36,000. 28.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SHEL has been the subject of several recent research reports. Wells Fargo & Company decreased their target price on shares of Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Thursday, June 26th. Barclays reiterated an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. Royal Bank Of Canada restated an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. Piper Sandler reiterated an "overweight" rating and set a $83.00 price target (up previously from $80.00) on shares of Shell in a research note on Wednesday. Finally, Hsbc Global Res raised Shell to a "strong-buy" rating in a research note on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $78.54.

Shell Stock Performance

NYSE:SHEL traded down $0.89 during mid-day trading on Friday, hitting $71.40. 2,413,800 shares of the company's stock traded hands, compared to its average volume of 4,449,074. Shell PLC Unsponsored ADR has a 12 month low of $58.55 and a 12 month high of $74.46. The firm has a market capitalization of $212.28 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 1.83 and a beta of 0.40. The firm has a 50 day moving average of $68.26 and a two-hundred day moving average of $66.79. The company has a current ratio of 1.32, a quick ratio of 1.08 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL - Get Free Report) last announced its earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share (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 analyst estimates of $79.18 billion. Shell had a net margin of 4.75% and a return on equity of 11.71%. During the same quarter in the previous year, the firm posted $2.40 earnings per share. On average, equities analysts forecast that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, May 16th were paid a dividend of $0.716 per share. The ex-dividend date was Friday, May 16th. This represents a $2.86 annualized dividend and a yield of 4.01%. Shell's dividend payout ratio is 65.90%.

Shell announced that its Board of Directors has authorized a stock buyback 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 buy up to 1.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management 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.