Janney Capital Management LLC Sells 6,048 Shares of Shell PLC Unsponsored ADR (NYSE:SHEL)

Janney Capital Management LLC cut its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 4.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 119,746 shares of the energy company's stock after selling 6,048 shares during the quarter. Janney Capital Management LLC's holdings in Shell were worth $8,775,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Kennebec Savings Bank bought a new position in shares of Shell in the first quarter worth approximately $25,000. CoreFirst Bank & Trust purchased a new position in Shell in the 4th quarter worth approximately $28,000. Transce3nd LLC purchased a new stake in Shell during the 4th quarter valued at $34,000. Millstone Evans Group LLC bought a new stake in shares of Shell in the 4th quarter worth $36,000. Finally, Summit Securities Group LLC lifted its holdings in shares of Shell by 50.0% during the fourth quarter. Summit Securities Group LLC now owns 600 shares of the energy company's stock valued at $38,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company's stock.

Shell Stock Performance

Shares of NYSE:SHEL traded down $0.35 during midday trading on Thursday, hitting $71.99. The company had a trading volume of 4,224,015 shares, compared to its average volume of 4,319,314. Shell PLC Unsponsored ADR has a 12-month low of $58.55 and a 12-month high of $74.46. The company has a fifty day moving average of $66.51 and a two-hundred day moving average of $66.20. The company has a market cap of $214.03 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 1.88 and a beta of 0.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.08.

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

Shell declared that its Board of Directors has authorized a stock repurchase program on Friday, May 2nd that permits the company to repurchase $3.50 billion in shares. This repurchase authorization permits the energy company to buy up to 1.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, May 16th will be paid a $0.716 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.98%. Shell's dividend payout ratio (DPR) is presently 65.90%.

Analysts Set New Price Targets

Several equities research analysts recently commented on SHEL shares. Barclays reiterated an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. Hsbc Global Res upgraded shares of Shell to a "strong-buy" rating in a research note on Tuesday, May 13th. TD Securities restated a "buy" rating on shares of Shell in a research report on Friday, April 4th. Wells Fargo & Company cut their target price on shares of Shell from $83.00 to $80.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, TD Cowen lowered their price target on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Two research 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 company currently has a consensus rating of "Buy" and an average target price of $78.26.

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.