J.W. Cole Advisors Inc. Has $2.08 Million Stake in Shell PLC Unsponsored ADR (NYSE:SHEL)

J.W. Cole Advisors Inc. lifted its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 91.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,402 shares of the energy company's stock after buying an additional 13,528 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in Shell were worth $2,081,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of SHEL. BKM Wealth Management LLC lifted its holdings in shares of Shell by 3.8% in the 1st quarter. BKM Wealth Management LLC now owns 10,336 shares of the energy company's stock worth $757,000 after purchasing an additional 374 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Shell by 2.1% in the 1st quarter. IFP Advisors Inc now owns 15,488 shares of the energy company's stock worth $1,135,000 after purchasing an additional 321 shares in the last quarter. OneAscent Financial Services LLC purchased a new stake in Shell in the 1st quarter valued at $572,000. Counterweight Ventures LLC purchased a new stake in Shell in the 1st quarter valued at $233,000. Finally, Cassaday & Co Wealth Management LLC raised its position in Shell by 6.2% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 3,781 shares of the energy company's stock valued at $277,000 after buying an additional 221 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company's stock.

Shell Price Performance

NYSE SHEL opened at $70.34 on Tuesday. The company has a market cap of $207.92 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 2.04 and a beta of 0.40. Shell PLC Unsponsored ADR has a 52 week low of $58.55 and a 52 week 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's 50-day simple moving average is $69.39 and its two-hundred day simple moving average is $67.53.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.30. Shell had a net margin of 4.75% and a return on equity of 11.71%. The business had revenue of $69.23 billion during the quarter, compared to analyst estimates of $79.18 billion. During the same period in the previous year, the business earned $2.40 EPS. Research analysts predict 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 was paid on Monday, June 23rd. Investors of record on Friday, May 16th were paid a $0.716 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 4.07%. Shell's dividend payout ratio is 65.90%.

Shell declared that its board has authorized a share buyback plan on Friday, May 2nd that authorizes the company to buyback $3.50 billion in shares. This buyback authorization authorizes the energy company to buy up to 1.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Santander lowered Shell to a "neutral" rating in a research report on Friday, July 11th. Piper Sandler increased their price target on Shell from $83.00 to $84.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Hsbc Global Res raised Shell to a "strong-buy" rating in a research report on Tuesday, May 13th. TD Cowen decreased their target price 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, TD Securities reaffirmed a "buy" rating on shares of Shell in a research report on Friday, April 4th. Three 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $78.69.

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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