First National Trust Co Acquires New Position in Shell PLC Unsponsored ADR (NYSE:SHEL)

First National Trust Co bought a new stake in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,625 shares of the energy company's stock, valued at approximately $266,000.

Several other institutional investors also recently bought and sold shares of the company. FMR LLC raised its stake in Shell by 32.3% in the 4th quarter. FMR LLC now owns 86,417,177 shares of the energy company's stock worth $5,414,036,000 after acquiring an additional 21,118,234 shares during the last quarter. Pzena Investment Management LLC raised its stake in 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 acquiring an additional 15,043 shares during the last quarter. Voloridge Investment Management LLC lifted its position in Shell by 170.3% during the fourth quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock valued at $216,980,000 after purchasing an additional 2,182,253 shares during the period. Northern Trust Corp lifted its position in Shell by 20.1% during the fourth quarter. Northern Trust Corp now owns 3,101,330 shares of the energy company's stock valued at $194,298,000 after purchasing an additional 519,105 shares during the period. Finally, Empyrean Capital Partners LP lifted its position in Shell by 9.5% during the fourth quarter. Empyrean Capital Partners LP now owns 2,300,000 shares of the energy company's stock valued at $144,095,000 after purchasing an additional 200,000 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SHEL has been the subject of a number of research reports. Sanford C. Bernstein downgraded shares of Shell from an "outperform" rating to a "market perform" rating in a research report on Monday, June 16th. Hsbc Global Res upgraded shares of Shell to a "strong-buy" rating in a research report on Tuesday, May 13th. Scotiabank restated an "outperform" rating on shares of Shell in a research report on Friday, July 11th. Wells Fargo & Company decreased their target price on shares of Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Thursday, June 26th. Finally, Santander downgraded shares of Shell to a "neutral" rating in a research report on Friday, July 11th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $78.69.

Shell Stock Performance

SHEL traded down $0.22 on Friday, reaching $71.99. The stock had a trading volume of 5,434,117 shares, compared to its average volume of 3,994,919. Shell PLC Unsponsored ADR has a 12-month low of $58.54 and a 12-month high of $74.18. The company has a current ratio of 1.32, a quick ratio of 1.08 and a debt-to-equity ratio of 0.36. The business's 50-day moving average price is $70.45 and its two-hundred day moving average price is $67.97. The company has a market cap of $212.81 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 2.09 and a beta of 0.44.

Shell (NYSE:SHEL - Get Free Report) last released its earnings results on Thursday, August 7th. The energy company reported $1.42 EPS for the quarter, missing analysts' consensus estimates of $1.47 by ($0.05). The company had revenue of $66.44 billion for the quarter, compared to analysts' expectations of $69.31 billion. Shell had a return on equity of 10.66% and a net margin of 4.93%. Sell-side analysts forecast that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Friday, May 16th were paid a dividend of $0.716 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.0%. Shell's payout ratio is currently 65.90%.

Shell announced that its board has approved a share repurchase program on Friday, May 2nd that authorizes the company to buyback $3.50 billion in shares. This buyback authorization authorizes the energy company to reacquire up to 1.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Shell 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.