Integrated Investment Consultants LLC Sells 15,941 Shares of Shell PLC Unsponsored ADR (NYSE:SHEL)

Key Points

• Integrated Investment Consultants LLC has significantly reduced its holdings in Shell PLC Unsponsored ADR by 81.2% during the first quarter, now owning only 3,687 shares valued at approximately $270,000.
• Multiple hedge funds have modified their stakes in Shell, with HB Wealth Management LLC increasing its position by 41.3% and One Wealth Advisors LLC boosting its stake by 69.1% during the same period.
• Shell's recent earnings report indicated an EPS of $1.84, exceeding expectations, despite lower revenue of $69.23 billion compared to estimates of $79.18 billion.

Integrated Investment Consultants LLC lessened its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 81.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,687 shares of the energy company's stock after selling 15,941 shares during the quarter. Integrated Investment Consultants LLC's holdings in Shell were worth $270,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in SHEL. First Wilshire Securities Management Inc. raised its holdings in Shell by 1.6% in the 4th quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company's stock valued at $596,000 after acquiring an additional 153 shares in the last quarter. Titleist Asset Management LLC raised its holdings in Shell by 3.1% in the 4th quarter. Titleist Asset Management LLC now owns 5,526 shares of the energy company's stock valued at $346,000 after acquiring an additional 164 shares in the last quarter. Warther Private Wealth LLC raised its holdings in Shell by 5.0% in the 1st quarter. Warther Private Wealth LLC now owns 3,433 shares of the energy company's stock valued at $252,000 after acquiring an additional 165 shares in the last quarter. Harbour Capital Advisors LLC raised its holdings in Shell by 2.4% in the 1st quarter. Harbour Capital Advisors LLC now owns 7,235 shares of the energy company's stock valued at $505,000 after acquiring an additional 170 shares in the last quarter. Finally, Golden State Equity Partners raised its holdings in shares of Shell by 5.1% in the 1st quarter. Golden State Equity Partners now owns 3,562 shares of the energy company's stock worth $261,000 after buying an additional 173 shares in the last quarter. Institutional investors own 28.60% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on SHEL. Santander downgraded Shell to a "neutral" rating in a research report on Friday, July 11th. TD Securities restated a "buy" rating on shares of Shell in a research report on Friday, April 4th. Hsbc Global Res upgraded Shell to a "strong-buy" rating in a research report on Tuesday, May 13th. TD Cowen cut their price objective on Shell from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Sanford C. Bernstein downgraded Shell from an "outperform" rating to a "market perform" rating in a research report on Monday, June 16th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $78.69.

Shell Trading Up 0.3%

Shares of Shell stock traded up $0.18 during trading on Monday, reaching $72.17. 2,910,230 shares of the company were exchanged, compared to its average volume of 4,791,074. Shell PLC Unsponsored ADR has a twelve month low of $58.54 and a twelve month high of $74.46. The company has a quick ratio of 1.08, a current ratio of 1.32 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $213.35 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 2.09 and a beta of 0.40. The business has a 50-day moving average price of $69.86 and a 200-day moving average price of $67.77.

Shell (NYSE:SHEL - Get Free Report) last posted its earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.30. Shell had a return on equity of 11.71% and a net margin of 4.75%. The firm had revenue of $69.23 billion during the quarter, compared to analysts' expectations of $79.18 billion. During the same period in the previous year, the firm earned $2.40 earnings per share. Sell-side analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 16th were paid a $0.716 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 3.97%. Shell's payout ratio is 65.90%.

Shell announced that its Board of Directors has approved a share repurchase plan on Friday, May 2nd that permits the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization permits the energy company to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is 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.