Shell PLC Unsponsored ADR (NYSE:SHEL) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 2.5% in the first quarter, according to its most recent Form 13F 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 0.07% of Shell worth $145,826,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in SHEL. Kennebec Savings Bank purchased a new position in shares of Shell during the first quarter worth $25,000. Brown Lisle Cummings Inc. grew its position in Shell by 103.4% during the first quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock valued at $26,000 after buying an additional 181 shares during the period. CoreFirst Bank & Trust acquired a new stake in Shell during the fourth quarter valued at $28,000. Transce3nd LLC acquired a new stake in Shell during the fourth quarter valued at $34,000. Finally, Millstone Evans Group LLC acquired a new stake in Shell during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 28.60% of the company's stock.

Analyst Upgrades and Downgrades

SHEL has been the topic of several research analyst reports. TD Securities reiterated a "buy" rating on shares of Shell in a research report on Friday, April 4th. Wells Fargo & Company lowered their price objective on Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Thursday, June 26th. Scotiabank reduced their price target on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. TD Cowen reduced their price target on shares of Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Barclays reiterated an "overweight" rating on shares of Shell in a research note on Wednesday, March 26th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Shell presently has an average rating of "Buy" and a consensus target price of $78.54.

Shell Stock Performance

NYSE SHEL traded down $0.04 on Friday, reaching $72.26. The stock had a trading volume of 2,776,529 shares, compared to its average volume of 4,844,196. 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 $58.54 and a 12-month high of $74.46. The business's 50-day moving average price is $68.74 and its 200 day moving average price is $67.08. The stock has a market cap of $214.84 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 1.96 and a beta of 0.40.

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

Shell declared that its Board of Directors has authorized a share repurchase plan on Friday, May 2nd that permits the company to repurchase $3.50 billion in shares. This repurchase authorization permits the energy company to reacquire up to 1.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Shell Dividend Announcement

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

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.