Kovitz Investment Group Partners LLC boosted its stake in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 234.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,324 shares of the energy company's stock after purchasing an additional 14,248 shares during the period. Kovitz Investment Group Partners LLC's holdings in Shell were worth $1,489,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of SHEL. GQG Partners LLC increased its holdings in Shell by 42,743.3% in the first quarter. GQG Partners LLC now owns 2,867,929 shares of the energy company's stock valued at $210,162,000 after purchasing an additional 2,861,235 shares during the period. Nuveen LLC acquired a new stake in Shell in the first quarter valued at $180,366,000. Voloridge Investment Management LLC increased its holdings in Shell by 170.3% in the fourth quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock valued at $216,980,000 after purchasing an additional 2,182,253 shares during the period. Freestone Grove Partners LP acquired a new stake in Shell during the 4th quarter worth about $83,204,000. Finally, Deutsche Bank AG grew its holdings in Shell by 2,096.7% during the 1st quarter. Deutsche Bank AG now owns 1,217,115 shares of the energy company's stock worth $89,190,000 after acquiring an additional 1,161,709 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.
Shell Stock Up 1.1%
Shares of SHEL traded up $0.8270 during trading hours on Friday, hitting $73.3170. The stock had a trading volume of 2,424,224 shares, compared to its average volume of 3,664,981. Shell PLC Unsponsored ADR has a 1-year low of $58.54 and a 1-year high of $74.18. The firm has a market capitalization of $215.42 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 1.92 and a beta of 0.44. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.07. The firm has a 50 day simple moving average of $71.62 and a 200-day simple moving average of $68.60.
Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.29. Shell had a net margin of 4.93% and a return on equity of 10.67%. The business had revenue of $66.44 billion for the quarter, compared to analysts' expectations of $69.31 billion. Sell-side analysts predict that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.
Shell declared that its board has approved a stock buyback program on Friday, May 2nd that permits the company to buyback $3.50 billion in outstanding shares. This buyback authorization permits the energy company to reacquire up to 1.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.
Shell Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, August 15th will be given a dividend of $0.716 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.86 annualized dividend and a dividend yield of 3.9%. Shell's dividend payout ratio (DPR) is currently 64.41%.
Analysts Set New Price Targets
A number of analysts have weighed in on SHEL shares. Santander downgraded Shell to a "neutral" rating in a report on Friday, July 11th. HSBC reiterated a "hold" rating and set a $78.30 price target (down from $78.90) on shares of Shell in a report on Monday, August 4th. Scotiabank reiterated an "outperform" rating on shares of Shell in a report on Friday, July 11th. Melius Research started coverage on Shell in a report on Wednesday. They set a "hold" rating and a $70.00 price target for the company. Finally, Wells Fargo & Company decreased their price target on Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a report on Thursday, June 26th. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $76.71.
Read Our Latest Analysis on SHEL
Shell Company Profile
(
Free Report)
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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