Deutsche Bank AG Acquires 1,161,709 Shares of Shell PLC Unsponsored ADR (NYSE:SHEL)

Deutsche Bank AG boosted its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 2,096.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,217,115 shares of the energy company's stock after acquiring an additional 1,161,709 shares during the period. Deutsche Bank AG's holdings in Shell were worth $89,190,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in shares of Shell by 26.3% during the first 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 during the last quarter. Greykasell Wealth Strategies Inc. acquired a new position in shares of Shell during the first quarter valued at about $38,000. Schnieders Capital Management LLC raised its position in shares of Shell by 4.3% during the first quarter. Schnieders Capital Management LLC now owns 12,160 shares of the energy company's stock valued at $891,000 after buying an additional 500 shares during the last quarter. Exencial Wealth Advisors LLC raised its position in Shell by 2.5% in the first quarter. Exencial Wealth Advisors LLC now owns 60,168 shares of the energy company's stock worth $4,409,000 after purchasing an additional 1,442 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Shell by 21.2% in the first quarter. Goldman Sachs Group Inc. now owns 6,571,809 shares of the energy company's stock worth $481,582,000 after purchasing an additional 1,150,198 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wells Fargo & Company dropped their price target 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. Santander lowered shares of Shell to a "neutral" rating in a research report on Friday, July 11th. Piper Sandler increased their price target on shares of Shell from $83.00 to $84.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Sanford C. Bernstein cut shares of Shell from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Shell in a research note on Friday, July 11th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $78.64.

Shell Price Performance

Shares of SHEL traded down $0.08 during mid-day trading on Thursday, hitting $72.67. 3,018,713 shares of the company traded hands, compared to its average volume of 4,722,747. Shell PLC Unsponsored ADR has a one year low of $58.54 and a one year high of $74.18. The company has a current ratio of 1.32, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average of $71.28 and a 200 day moving average of $68.28. The stock has a market capitalization of $214.83 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 1.92 and a beta of 0.44.

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

Shell declared that its Board of Directors has initiated a share repurchase plan on Friday, May 2nd that allows the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization allows the energy company to purchase up to 1.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, August 15th will be paid a $0.716 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.86 dividend on an annualized basis and a yield of 3.9%. Shell's dividend payout ratio (DPR) is presently 64.41%.

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.