Janney Montgomery Scott LLC Has $12.86 Million Stock Position in Shell PLC Unsponsored ADR (NYSE:SHEL)

Janney Montgomery Scott LLC grew its position in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 23.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 175,524 shares of the energy company's stock after acquiring an additional 33,079 shares during the quarter. Janney Montgomery Scott LLC's holdings in Shell were worth $12,862,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. FMR LLC lifted its position in shares of 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 period. Fisher Asset Management LLC lifted its position in shares of Shell by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company's stock worth $1,562,412,000 after buying an additional 408,088 shares during the period. Wellington Management Group LLP lifted its position in shares of Shell by 3.1% during the 4th quarter. Wellington Management Group LLP now owns 7,982,817 shares of the energy company's stock worth $500,123,000 after buying an additional 238,705 shares during the period. Franklin Resources Inc. lifted its position in shares of Shell by 0.8% during the 4th quarter. Franklin Resources Inc. now owns 6,023,173 shares of the energy company's stock worth $377,352,000 after buying an additional 50,228 shares during the period. Finally, Voloridge Investment Management LLC lifted its position in shares of Shell by 170.3% during the 4th quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock worth $216,980,000 after buying an additional 2,182,253 shares during the period. Institutional investors own 28.60% of the company's stock.

Shell Trading Down 0.5%

Shares of NYSE SHEL opened at $71.99 on Friday. Shell PLC Unsponsored ADR has a 1-year low of $58.55 and a 1-year high of $74.46. The company has a market cap of $214.03 billion, a PE ratio of 16.59, a P/E/G ratio of 1.88 and a beta of 0.39. 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 50-day moving average of $66.76 and a two-hundred day moving average of $66.25.

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

Shell Announces Dividend

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

Shell announced that its board has authorized a share buyback program on Friday, May 2nd that allows the company to buyback $3.50 billion in shares. This buyback authorization allows the energy company to purchase up to 1.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Hsbc Global Res upgraded Shell to a "strong-buy" rating in a research report on Tuesday, May 13th. Scotiabank cut their target price on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Barclays restated an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. Sanford C. Bernstein downgraded Shell from an "outperform" rating to a "market perform" rating in a research report on Monday. Finally, TD Securities restated a "buy" rating on shares of Shell in a research note on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus 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.

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