Integrated Investment Consultants LLC Has $270,000 Stock Holdings in Shell PLC Unsponsored ADR $SHEL

Key Points

• Integrated Investment Consultants LLC significantly reduced its holdings in Shell PLC Unsponsored ADR by 81.2% during the 1st quarter, now owning shares worth approximately $270,000.
• Analysts have mixed views on Shell, with Melius Research initiating a "hold" rating and a price target of $70.00, while other firms rate it as "outperform" or "market perform".
• Shell recently announced a quarterly dividend of $0.716 per share and a $3.50 billion stock buyback plan, indicating a belief that its shares are undervalued.

Integrated Investment Consultants LLC cut its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 81.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,687 shares of the energy company's stock after selling 15,941 shares during the period. Integrated Investment Consultants LLC's holdings in Shell were worth $270,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SHEL. Kennebec Savings Bank acquired a new stake in Shell during the 1st quarter worth approximately $25,000. Avalon Trust Co acquired a new stake in Shell during the 1st quarter worth approximately $25,000. Brown Lisle Cummings Inc. boosted its position in Shell by 103.4% during the 1st quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock worth $26,000 after buying an additional 181 shares during the period. Transce3nd LLC bought a new position in Shell during the 4th quarter worth approximately $34,000. Finally, Cheviot Value Management LLC bought a new position in Shell during the 1st quarter worth approximately $37,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SHEL shares. Melius Research started coverage on shares of Shell in a research note on Wednesday. They set a "hold" rating and a $70.00 price target for the company. Melius started coverage on shares of Shell in a research note on Wednesday. They set a "hold" rating and a $70.00 price target for the company. Scotiabank restated an "outperform" rating on shares of Shell in a research note on Friday, July 11th. Piper Sandler decreased their price target on shares of Shell from $84.00 to $82.00 and set an "overweight" rating for the company in a research note on Monday. Finally, Sanford C. Bernstein lowered shares of Shell from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $76.71.

Shell Price Performance

Shares of NYSE:SHEL opened at $72.0550 on Thursday. The company's 50-day moving average is $71.58 and its 200 day moving average is $68.51. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.32. The company has a market capitalization of $211.71 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 1.89 and a beta of 0.44. Shell PLC Unsponsored ADR has a fifty-two week low of $58.54 and a fifty-two week high of $74.18.

Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.29. The company had revenue of $66.44 billion for the quarter, compared to the consensus estimate of $69.31 billion. Shell had a net margin of 4.93% and a return on equity of 10.67%. On average, equities research analysts forecast that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell Dividend Announcement

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

Shell announced that its board has approved a stock buyback plan on Friday, May 2nd that allows the company to buyback $3.50 billion in outstanding shares. This buyback authorization allows the energy company to repurchase up to 1.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

Shell Company 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.

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