Envestnet Asset Management Inc. Has $145.83 Million Stock Holdings in Shell PLC Unsponsored ADR (NYSE:SHEL)

Envestnet Asset Management Inc. reduced its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 2.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,989,988 shares of the energy company's stock after selling 51,081 shares during the period. Envestnet Asset Management Inc. owned about 0.07% of Shell worth $145,826,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Shell by 32.3% during the fourth quarter. FMR LLC now owns 86,417,177 shares of the energy company's stock worth $5,414,036,000 after purchasing an additional 21,118,234 shares in the last quarter. Voloridge Investment Management LLC raised its position in 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 last quarter. Freestone Grove Partners LP bought a new position in Shell in the 4th quarter valued at $83,204,000. Merewether Investment Management LP increased its stake in shares of Shell by 46.5% in the 4th quarter. Merewether Investment Management LP now owns 2,262,997 shares of the energy company's stock valued at $141,777,000 after buying an additional 718,233 shares during the period. Finally, Bridgewater Associates LP raised its position in shares of Shell by 523.9% during the fourth quarter. Bridgewater Associates LP now owns 831,000 shares of the energy company's stock worth $52,062,000 after acquiring an additional 697,806 shares during the last quarter. 28.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SHEL shares. TD Securities reaffirmed a "buy" rating on shares of Shell in a research note on Friday, April 4th. Hsbc Global Res raised Shell to a "strong-buy" rating in a research note on Tuesday, May 13th. Piper Sandler restated an "overweight" rating and set a $83.00 target price (up previously from $80.00) on shares of Shell in a report on Wednesday, July 2nd. TD Cowen lowered their price target on Shell from $82.00 to $76.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Barclays restated an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. Two investment 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. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $78.54.

Shell Stock Up 0.8%

Shares of SHEL stock traded up $0.54 during trading on Thursday, reaching $72.27. The company's stock had a trading volume of 3,638,837 shares, compared to its average volume of 4,463,181. The company has a market cap of $214.88 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 1.79 and a beta of 0.40. Shell PLC Unsponsored ADR has a one year low of $58.55 and a one year high of $74.46. The business has a fifty day moving average price of $68.59 and a 200-day moving average price of $67.01. The company has a quick ratio of 1.08, a current ratio of 1.32 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.30. Shell had a net margin of 4.75% and a return on equity of 11.71%. The company had revenue of $69.23 billion during the quarter, compared to the consensus estimate of $79.18 billion. During the same quarter last year, the firm posted $2.40 EPS. Analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, May 16th were issued a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date was Friday, May 16th. Shell's payout ratio is presently 65.90%.

Shell declared that its board has approved a share buyback program on Friday, May 2nd that authorizes the company to buyback $3.50 billion in shares. This buyback authorization authorizes the energy company to purchase up to 1.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

About Shell

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.