Dimensional Fund Advisors LP Raises Stake in Shell PLC Unsponsored ADR $SHEL

Key Points

• Dimensional Fund Advisors LP increased its stake in Shell PLC Unsponsored ADR by 2.0% to approximately $1.71 billion, making it the firm's 23rd largest position.
• Shell announced a quarterly dividend of $0.716 per share, set to be paid on September 22nd, with an annualized dividend yield of 3.9%.
• Investment analysts have a consensus rating of "Moderate Buy" for Shell, with a target price averaging $78.64, indicating optimism about the company's future performance.

Dimensional Fund Advisors LP lifted its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 2.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,272,913 shares of the energy company's stock after purchasing an additional 451,233 shares during the quarter. Shell accounts for about 0.4% of Dimensional Fund Advisors LP's portfolio, making the stock its 23rd largest position. Dimensional Fund Advisors LP owned about 0.77% of Shell worth $1,705,430,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its position in Shell by 21.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,571,809 shares of the energy company's stock worth $481,582,000 after buying an additional 1,150,198 shares during the period. Pzena Investment Management LLC lifted its position in shares of Shell by 0.4% in the 1st quarter. Pzena Investment Management LLC now owns 3,592,218 shares of the energy company's stock worth $263,238,000 after purchasing an additional 15,043 shares during the period. Voloridge Investment Management LLC lifted its position in shares of Shell by 170.3% in the 4th quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock worth $216,980,000 after purchasing an additional 2,182,253 shares during the period. Northern Trust Corp lifted its position in shares of Shell by 20.1% in the 4th quarter. Northern Trust Corp now owns 3,101,330 shares of the energy company's stock worth $194,298,000 after purchasing an additional 519,105 shares during the period. Finally, GQG Partners LLC lifted its position in shares of Shell by 42,743.3% in the 1st quarter. GQG Partners LLC now owns 2,867,929 shares of the energy company's stock worth $210,162,000 after purchasing an additional 2,861,235 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Down 0.1%

Shares of NYSE SHEL traded down $0.0750 during trading on Tuesday, hitting $71.4350. The stock had a trading volume of 2,279,681 shares, compared to its average volume of 4,689,058. Shell PLC Unsponsored ADR has a 12 month low of $58.54 and a 12 month 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 market capitalization of $209.89 billion, a PE ratio of 16.09, a PEG ratio of 1.91 and a beta of 0.44. The firm has a fifty day moving average of $71.53 and a two-hundred day moving average of $68.46.

Shell (NYSE:SHEL - Get Free Report) last posted its earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $66.44 billion during the quarter, compared to analyst estimates of $69.31 billion. As a group, equities research analysts forecast that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Investors 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 dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, August 15th. Shell's payout ratio is 64.41%.

Shell declared that its Board of Directors has authorized a share buyback program on Friday, May 2nd that authorizes the company to repurchase $3.50 billion in outstanding 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 often a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Santander downgraded shares of Shell to a "neutral" rating in a research report on Friday, July 11th. Wells Fargo & Company dropped their target price on shares of Shell from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Thursday, June 26th. Scotiabank reiterated an "outperform" rating on shares of Shell in a research report on Friday, July 11th. Piper Sandler dropped their target price on shares of Shell from $84.00 to $82.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Sanford C. Bernstein lowered shares of Shell from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Shell presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.39.

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.