Fiera Capital Corp Takes $314,000 Position in Shell PLC Unsponsored ADR (NYSE:SHEL)

Key Points

• Fiera Capital Corp made a new investment of $314,000 in Shell PLC Unsponsored ADR, acquiring 4,282 shares during the first quarter.
• Shell recently reported $1.84 earnings per share for the last quarter, exceeding analysts' expectations, although its revenue was below consensus at $69.23 billion.
• The company has initiated a $3.50 billion share buyback program signaling confidence in its stock value, along with announcing a quarterly dividend that provides a 3.98% yield.

Fiera Capital Corp bought a new stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,282 shares of the energy company's stock, valued at approximately $314,000.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC grew its position in shares of Shell by 51.7% during the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock worth $468,000 after buying an additional 2,545 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Shell by 5.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,322 shares of the energy company's stock valued at $408,000 after purchasing an additional 331 shares during the period. Level Four Advisory Services LLC grew its holdings in Shell by 5.1% during the fourth quarter. Level Four Advisory Services LLC now owns 22,591 shares of the energy company's stock valued at $1,415,000 after purchasing an additional 1,087 shares during the period. Brown Brothers Harriman & Co. grew its holdings in Shell by 10.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 94,441 shares of the energy company's stock valued at $5,917,000 after purchasing an additional 8,815 shares during the period. Finally, Transamerica Financial Advisors Inc. acquired a new position in Shell during the fourth quarter valued at approximately $92,000. Institutional investors own 28.60% of the company's stock.

Analyst Ratings Changes

SHEL has been the subject of a number of analyst reports. Scotiabank restated an "outperform" rating on shares of Shell in a report on Friday, July 11th. Piper Sandler boosted their price objective on shares of Shell from $83.00 to $84.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Sanford C. Bernstein cut shares of Shell from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. TD Securities reiterated a "buy" rating on shares of Shell in a report on Friday, April 4th. Finally, Santander cut shares of Shell to a "neutral" rating in a report on Friday, July 11th. Three 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 data from MarketBeat, Shell presently has an average rating of "Moderate Buy" and an average target price of $78.69.

Shell Stock Up 0.3%

Shell stock traded up $0.18 during mid-day trading on Monday, reaching $72.17. The company's stock had a trading volume of 2,910,230 shares, compared to its average volume of 3,773,387. The company has a market capitalization of $213.35 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 2.09 and a beta of 0.40. 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 simple moving average is $69.97 and its 200 day simple moving average is $67.82. 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 (NYSE:SHEL - Get Free Report) last released its earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.30. The business had revenue of $69.23 billion during the quarter, compared to the consensus estimate of $79.18 billion. Shell had a net margin of 4.75% and a return on equity of 11.71%. During the same quarter last year, the firm earned $2.40 earnings per share. As a group, research analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 16th were given a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend was Friday, May 16th. Shell's dividend payout ratio (DPR) is currently 65.90%.

Shell declared that its Board of Directors has authorized a stock buyback plan 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 plans are usually a sign that the company's board of directors believes its shares are 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.