Kathmere Capital Management LLC Has $615,000 Holdings in Shell PLC Unsponsored ADR (NYSE:SHEL)

Kathmere Capital Management LLC grew its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 74.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,394 shares of the energy company's stock after buying an additional 3,590 shares during the quarter. Kathmere Capital Management LLC's holdings in Shell were worth $615,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Kennebec Savings Bank acquired a new stake in Shell in the 1st quarter valued at about $25,000. Brown Lisle Cummings Inc. lifted its holdings in shares of 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 acquiring an additional 181 shares during the period. CoreFirst Bank & Trust purchased a new position in shares of Shell during the 4th quarter worth about $28,000. Transce3nd LLC purchased a new position in Shell in the fourth quarter valued at approximately $34,000. Finally, Millstone Evans Group LLC purchased a new position in Shell in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 28.60% of the company's stock.

Shell Price Performance

SHEL stock traded up $0.26 during trading on Wednesday, hitting $70.66. The company had a trading volume of 4,132,275 shares, compared to its average volume of 4,497,353. The firm has a market capitalization of $210.08 billion, a price-to-earnings ratio of 16.28, a P/E/G ratio of 1.95 and a beta of 0.40. The business has a 50 day moving average of $69.08 and a 200 day moving average of $67.33. Shell PLC Unsponsored ADR has a fifty-two week low of $58.55 and a fifty-two week high of $74.46. The company has a current ratio of 1.32, a quick ratio of 1.08 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.30. The business 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 quarter in the prior year, the company posted $2.40 earnings per share. As a group, research analysts predict that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell announced that its Board of Directors has authorized a share buyback plan on Friday, May 2nd that allows the company to repurchase $3.50 billion in shares. This repurchase authorization allows the energy company to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its shares are undervalued.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 16th were issued a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend was Friday, May 16th. Shell's payout ratio is 65.90%.

Analyst Ratings Changes

Several research firms recently commented on SHEL. Santander lowered shares of Shell to a "neutral" rating in a report on Friday, July 11th. Scotiabank reiterated an "outperform" rating on shares of Shell in a research note on Friday, July 11th. TD Securities reiterated a "buy" rating on shares of Shell in a research note on Friday, April 4th. Barclays reiterated an "overweight" rating on shares of Shell in a research note on Wednesday, March 26th. Finally, Piper Sandler raised their price target on shares of Shell from $83.00 to $84.00 and gave the stock an "overweight" rating in a research report on Tuesday. Three 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, Shell has a consensus rating of "Moderate Buy" and an average target price of $78.69.

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.