Global Trust Asset Management LLC Purchases 3,910 Shares of Shell PLC Unsponsored ADR (NYSE:SHEL)

Global Trust Asset Management LLC grew its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 1,371.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,195 shares of the energy company's stock after acquiring an additional 3,910 shares during the quarter. Global Trust Asset Management LLC's holdings in Shell were worth $307,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kennebec Savings Bank bought a new stake in Shell during the first quarter worth $25,000. CoreFirst Bank & Trust bought a new stake in Shell during the fourth quarter worth $28,000. Human Investing LLC bought a new stake in Shell during the fourth quarter worth $31,000. Transce3nd LLC bought a new stake in Shell during the fourth quarter worth $34,000. Finally, Millstone Evans Group LLC bought a new stake in Shell during the fourth quarter worth $36,000. Institutional investors own 28.60% of the company's stock.

Shell Price Performance

Shares of NYSE SHEL traded down $0.20 during midday trading on Wednesday, hitting $72.13. 1,880,723 shares of the company's stock were exchanged, compared to its average volume of 4,309,990. Shell PLC Unsponsored ADR has a 12-month low of $58.55 and a 12-month high of $74.46. 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 company has a market cap of $214.47 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 1.86 and a beta of 0.39. The business's fifty day moving average price is $66.35 and its two-hundred day moving average price is $66.16.

Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $69.23 billion during the quarter, compared to analyst estimates of $79.18 billion. During the same quarter in the previous year, the firm earned $2.40 earnings per share. As a group, research analysts forecast that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, May 16th will be issued a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend is Friday, May 16th. Shell's payout ratio is 65.90%.

Shell declared that its Board of Directors has approved a stock repurchase plan on Friday, May 2nd that permits the company to buyback $3.50 billion in outstanding shares. This buyback authorization permits the energy company to repurchase up to 1.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

SHEL has been the subject of several recent research reports. Piper Sandler upped their price target on Shell from $72.00 to $80.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Scotiabank reduced their price objective on Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. TD Cowen reduced their price objective on Shell from $82.00 to $76.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Hsbc Global Res upgraded Shell to a "strong-buy" rating in a research note on Tuesday, May 13th. Finally, Barclays reaffirmed 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 given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $78.26.

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.