Shell PLC Unsponsored ADR (NYSE:SHEL) Shares Acquired by Federated Hermes Inc.

Key Points

• Federated Hermes Inc. increased its stake in Shell PLC Unsponsored ADR by 41.1%, acquiring an additional 35,281 shares during the 1st quarter, bringing its total holdings to 121,116 shares valued at $8,875,000.
• Shell recently reported an EPS of $1.42 for the quarter, exceeding estimates, and generated $66.44 billion in revenue compared to a consensus estimate of $69.31 billion.
• The company's Board of Directors initiated a $3.50 billion share buyback program to purchase up to 1.8% of its shares, indicating confidence in the stock’s valuation.

Federated Hermes Inc. lifted its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 41.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,116 shares of the energy company's stock after purchasing an additional 35,281 shares during the period. Federated Hermes Inc.'s holdings in Shell were worth $8,875,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SHEL. Brighton Jones LLC lifted its holdings in Shell by 51.7% in the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock valued at $468,000 after acquiring an additional 2,545 shares during the last quarter. World Investment Advisors raised its stake in shares of Shell by 58.5% in the fourth quarter. World Investment Advisors now owns 8,868 shares of the energy company's stock valued at $556,000 after acquiring an additional 3,274 shares in the last quarter. Arete Wealth Advisors LLC raised its stake in shares of Shell by 14.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 4,451 shares of the energy company's stock valued at $279,000 after acquiring an additional 561 shares in the last quarter. Smith Moore & CO. raised its stake in Shell by 85.0% in the fourth quarter. Smith Moore & CO. now owns 7,840 shares of the energy company's stock valued at $491,000 after buying an additional 3,603 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its stake in Shell by 482.3% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 25,102 shares of the energy company's stock valued at $1,573,000 after buying an additional 20,791 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Trading Down 0.3%

SHEL traded down $0.22 during trading on Monday, hitting $71.78. The company's stock had a trading volume of 4,017,595 shares, compared to its average volume of 4,791,823. Shell PLC Unsponsored ADR has a twelve month low of $58.54 and a twelve month high of $74.18. The firm's 50 day moving average price is $70.45 and its 200-day moving average price is $67.99. The stock has a market cap of $212.19 billion, a PE ratio of 16.17, a PEG ratio of 2.09 and a beta of 0.44. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.07.

Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The energy company reported $1.42 earnings per share (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 company had revenue of $66.44 billion during the quarter, compared to analysts' expectations of $69.31 billion. On average, 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 approved a share repurchase plan on Friday, May 2nd that allows the company to repurchase $3.50 billion in shares. This repurchase authorization allows the energy company to reacquire up to 1.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its stock is undervalued.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, August 15th will be paid a dividend of $0.716 per share. The ex-dividend date is Friday, August 15th. This represents a $2.86 annualized dividend and a dividend yield of 4.0%. Shell's dividend payout ratio (DPR) is currently 64.41%.

Analyst Ratings Changes

Several equities analysts have issued reports on SHEL shares. Scotiabank reaffirmed an "outperform" rating on shares of Shell in a report on Friday, July 11th. Hsbc Global Res upgraded shares of Shell to a "strong-buy" rating in a research note on Tuesday, May 13th. Piper Sandler increased their target price on shares of Shell from $83.00 to $84.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Sanford C. Bernstein downgraded Shell from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Finally, TD Cowen dropped their target price on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Four 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.64.

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.